April 18, 2011 Comments Off on Citi’s Q1 profit falls 32 percent on lower loans
NEW YORK — Citigroup’s first-quarter income fell 32 percent on lower revenue from investment banking and a decline in consumer loans. The bank was able to set aside fewer reserves for losses as more borrowers were able to keep up ...
Tagged with: bank Banks borrowers citi citigroup earnings factset income investment banking new york revenue vikram pandit
Read More »February 3, 2011 Comments Off on Annapolis Bancorp earns $141K in fourth quarter
Annapolis Bancorp Inc., parent company of BankAnnapolis, said Thursday it earned $141,000 for the fourth quarter of 2010, compared to $261,000 for the corresponding period in 2009. The company ended the year in the black, earning $1.61 million for the ...
Tagged with: Annapolis assets bankannapolis Banks borrowers foreclosed maryland
Read More »January 17, 2011 Comments Off on Legislating limits on Mortgage Electronic Registration System
The lending industry launched the Mortgage Electronic Registration System in 1997 to be a centralized database to streamline the transfer of home loans among investors while making it easier for borrowers to keep track of who owns their loans. But ...
Tagged with: Banking borrowers database home loans investors legislation lending maryland mers mortgage Senate Judicial Proceedings Committee
Read More »January 13, 2011 Comments Off on Banks repossess 1 million homes in 2010
NEW YORK — The bleakest year in foreclosure crisis has only just begun. Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at ...
Tagged with: bank borrowers foreclosure homes housing industry lenders mortgages Real Estate RealtyTrac
Read More »January 12, 2011 Comments Off on Mortgage applications rose last week
NEW YORK — The number of people applying for a mortgage rose last week as lower rates lured more borrowers to refinance. The Mortgage Bankers Association said Wednesday its overall mortgage application index increased 2.2 percent from the previous week. ...
Tagged with: borrowers inflation mortgage Mortgage Bankers Association refinance treasury
Read More »December 13, 2010 Comments Off on Number of underwater borrowers falls but remains high
The number of homeowners who owe more than their houses are worth fell for the third straight quarter this summer. About 10.8 million households, or 22.5 percent of all mortgaged homes, were underwater in the July-September quarter, housing data firm ...
Tagged with: Banking borrowers corelogic data Economy housing housing market lending market mortgage Real Estate Recession
Read More »November 18, 2010 Comments Off on Mortgage rates jump along with Treasury yields
NEW YORK — Any borrowers who were betting that mortgage rates would fall even further lost out this week. The best rates may now be behind them. The average rate on a 30-year fixed mortgage jumped to 4.39 percent from ...
Tagged with: borrowers buyer Financing freddie mac mortgage Real Estate
Read More »
Maryland Daily Record Maryland's trusted source for business and legal news