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Venture Capital Bank has announced its H1 income as $45.7m, up 447% on the same period last year. The bank's net profit for the first six months of 2008 has been announced as $31.4m.
SHARES in HBOS leapt 16 per cent yesterday as speculation that the Edinburgh-based bank was being stalked by Spanish bank BBVA swirled through the stock market.
BANKERS and analysts yesterday claimed the odds are sharply narrowing on Royal Bank of Scotland shelving plans to sell its insurance arm. Commonwealth Bank of Australia, mean
Speaking in a Bloomberg Television interview, noted hawk Philadelphia Federal Reserve President Chuck Plosser said the Fed may have to hike rates even as housing prices continue to fall.
Fannie Mae is contributing significantly to the Community Stabilization Home Loan Program in three main ways: helping to reduce the interest rate to below market-rate levels...
The U.S. House of Representatives is currently in session considering the final version of H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act of 2008 - which now includes the Fannie / Freddie rescue plan. A final vote is
Jonathan Kempner, President and Chief Executive Officer of the MBA, is stepping down. John Courson is taking over as Chief Operating Officer on August 1 and as President on January 1.
The Mortgage Bankers Association applauded issuance of HUD Mortgagee Letter 2008-19 which streamlines processing of FHA multifamily insurance applications with Low Income Housing Tax Credits.
In response to increasing borrower accusations toward lenders of improper disclosure processes, SigniaDocs has announced its latest innovation to protect lenders against such claims.
MBA Chairman Kieran P. Quinn sent the attached letter to the Majority and Republican leaders of the House and Senate calling for Congress to finish the omnibus housing legislation and send it to the President before August.
The Mortgage Bankers Association released its Weekly Mortgage Applications Survey for the week ending July 18, 2008. The Market Composite Index was 489.6, a decrease of 6.2 percent on a seasonally adjusted basis from 522.2 one week earlier.
HUD says that a PSA designed to educate consumers about their fair lending rights is now running on 595 screens in 32 movie theatres in 28 cities, including 10 cities with some of nation's highest foreclosure rates.
The U.S. House of Representatives passed H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act of 2008, by a vote of 272-152. The MBA calls it "the most important housing bill in a generation."
