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Citizens, Inc. Reports Year-End Results Wednesday, March 10, 2010 @ 5:14PMCitizens, Inc. reported net income of $17.3 million or $0.31 basic and diluted earnings per share of Class A common stock for the year ended December 31, 2009 compared to a net loss of $15.7 million or $0.42 basic and diluted losses per share of Class A common stock for the year ended December 31, 2008.
Housing market could overheat: Desjardins Wednesday, March 10, 2010 @ 5:02PMAs house prices continue to rebound, policymakers may need to consider reversing measures that were adopted to promote the accessibility of home ownership in Canada, a new report by Desjardins Economics suggests.
/C O R R E C T I O N -- Cogdell Spencer Inc./ Wednesday, March 10, 2010 @ 4:59PMFeb-2010 by Cogdell Spencer Inc. over PR Newswire, we are advised by the company that in the Condensed Consolidated Statements of Operations table, the Net income for Dec. 31, 2009 should read "1,956" rather than "" and Net income attributable to Cogdell Spencer Inc. for Dec. 31, 2009, should read "1,556 " rather than "" as originally issued inadvertently.
Steel Industry Stock Review - March 2010 Wednesday, March 10, 2010 @ 4:51PMThe largest drivers of steel consumption have historically been the automotive and construction markets, which absorb more than 50% of total steel production. We are favorable on NUE, AKS and STLD, but not on PKX or ATI.
Capital Senior Living Corporation Reports Fourth Quarter and Full Year 2009 Results Wednesday, March 10, 2010 @ 4:46PMDALLAS----Capital Senior Living Corporation , one of the country’s largest operators of senior living communities, today announced operating results for the fourth quarter and full year 2009.
Grey Horse Reports 2009 Results Wednesday, March 10, 2010 @ 4:30PMTORONTO, ONTARIO-- - Grey Horse Corporation , a Canadian financial services company serving the corporate and institutional market, reported today its financial results for the fiscal year and three months ended December 31, 2009.
Grey Horse Reports 2009 Results Wednesday, March 10, 2010 @ 4:30PMTORONTO, ONTARIO--(Marketwire - 03/10/10) - Grey Horse Corporation (TSX: GHC - News ) ("Grey Horse" or "the Corporation"), a Canadian financial services company serving the corporate and institutional market, reported today its financial results for the fiscal year and three months ended December 31, 2009. Financial Highlights (all amounts, except per-share, are in $000s unless otherwise stated ...
More Consumers Pay Credit Card, Skip Mortgage Payments Wednesday, March 10, 2010 @ 4:29PMRISMEDIA, March 11, 2010—(MCT)—U.S. consumers are starting to look like a frugal, debt-fearing lot as they pay down billions of dollars in credit card obligations. But an alarming trend is emerging: A small but growing number of people are skipping…
C.A. Bancorp Canadian Realty Finance Corporation Announces 2009 Financial Results, Provides Market Update, Review of ... Wednesday, March 10, 2010 @ 4:24PMTORONTO, ONTARIO--(Marketwire - March 10, 2010) - C.A. Bancorp Canadian Realty Finance Corporation ("CRFC" or the "Corporation") (TSX:RF.PR.A)(TSX:RF.A) is pleased to announce a net asset value ("NAV") per Class A Share of $9.35 as at December 31, 2009. The NAV is calculated in accordance with the requirements of National Instrument 81-106. The Corporation has filed its annual financial ...
Colony Financial Announces 2009 Financial Results Wednesday, March 10, 2010 @ 4:15PMLOS ANGELES----Colony Financial, Inc. today announced financial results for the period from the Company’s inception on June 23, 2009 to December 31, 2009.
Greece's debt crisis may be felt on U.S. soil Saturday, March 6, 2010 @ 7:38PMGreece's debt crisis may be felt on U.S. soil
Congress battling over consumer agency Saturday, March 6, 2010 @ 1:09PMOne of the most contentious issues in Congress, after health care, is the proposed creation of an independent consumer protection agency for financial products such as bank accounts, credit cards, mortgages and some student and auto loans. Many Democrats and... Credit card - Financial services - Loan - Business - Bank account
Playhouse curtain rose 30 years ago Saturday, March 6, 2010 @ 12:16PMIt was considered a “miracle” in 1980 when a small group of theater buffs made a permanent home for the Whidbey Playhouse on Oak Harbor’s Midway Boulevard. What began as a semi-nomadic company performing in elementary schools and the basement of credit unions is today an engaging theatrical enterprise on the grounds of a historic former church.
Secure Your Future Forever With These Stocks Saturday, March 6, 2010 @ 7:08AMInvest for life.
Mortgage rates fall Saturday, March 6, 2010 @ 5:50AMMcLEAN, Va. (AP)--Mortgages rates have dipped below 5 percent again, four weeks before a government program that is helping keep rates low is scheduled to run out.
Seacoast Realtors predict housing rebound in 2010 Saturday, March 6, 2010 @ 1:12AMPORTSMOUTH — According to the Seacoast Board of Realtors and other local experts who convened on a panel Friday morning, there are indicators predicting the housing market is set to improve in 2010 — but it's difficult to gauge by how much.
Budget to underpin Hong Kong economy Saturday, March 6, 2010 @ 1:10AMThis year's Hong Kong Government Budget proposes a series of measures to consolidate its economic recovery from the global financial crisis, and develop its economy.
Hong Kong expecting strong economic growth in 2010 Saturday, March 6, 2010 @ 1:09AMFinancial Secretary, John Tsang expects the Hong Kong economy to grow by 4 to 5% this year.
GOLD ANALYSIS Saturday, March 6, 2010 @ 1:07AMGold is the standard! Midas Letter publisher James West believes gold is the store of value everybody resorts to when times are rough. Interview with The Gold Report.
Debt's not so bad, in small doses Thursday, March 4, 2010 @ 10:34AMI'm thinking of a four-letter word that might make your heart race: debt. Basic human instinct seems to tell us debt is bad - to be avoided entirely or paid off as quickly as possible. As Polonius advises his son Laertes in Hamlet, ''Neither a borrower nor a lender be.''
Fed Fights Deflationary Demons Thursday, March 4, 2010 @ 10:18AMIn the wake of a credit collapse with unemployment at double-digit rates, what Ben Bernanke fears most is deflation. It's here.
Mortgages: 30-year fixed-rate mortgage back below 5% Thursday, March 4, 2010 @ 10:02AMCHICAGO (MarketWatch) -- Average rates on 30-year fixed-rate mortgages fell back below 5% this week, returning to match levels seen two weeks ago, Freddie Mac's chief economist said on Thursday.
Family Faces Foreclosure, Wonders What's Next Thursday, March 4, 2010 @ 9:43AMAs Coloradans work to beat the recession,foreclosures continue to plague Colorado. The state has the 12th highest foreclosure rate in the nation according to a national report.
Bankers group sees signs that foreclosures are slowing Thursday, March 4, 2010 @ 9:36AMMar. 4--Although the number of local foreclosures filed last month were just slightly lower than the month before, some believe the nation's housing market is beginning to turn around.
Decoupling of Gold from its Fundamentals Thursday, March 4, 2010 @ 8:45AMIn August 2009, I expected the boom market for gold to be halted at a $ 1,000 level due to an earlier than expected recovery of the worldwide economy.
Letters to the Editor: March 3, 2010 Thursday, March 4, 2010 @ 8:28AMLetters to the Editor: March 3, 2010
Thousands facing a mortgage timebomb Wednesday, March 3, 2010 @ 9:00PMThousands of homeowners in Northern Ireland are facing massive mortgage payment shortfalls, financial experts have warned. Some householders who took out endowment policies when they bought their properties could even be forced to sell up because of the stock market slump. Related Stories Payout for girl bitten by circus monkey Irishman jailed over child porn at Dutch airport Ulster Grand ...
U.K. Pay Growth Slows to the Weakest Pace Since at Least 2004 Wednesday, March 3, 2010 @ 8:55PMMarch 4 (Bloomberg) -- U.K. take-home pay growth slowed in February to the weakest pace since at least 2004 as the manufacturing slump prompted factories to curb wage increases, a survey showed.
First Federal of Northern Michigan Bancorp, Inc. Announces Fourth... Wednesday, March 3, 2010 @ 7:41PMMichigan and national economies and their negative impact on real estate values in our market area and the financial strength of our borrowers. The level of problem assets and costs associated with th...
Signs of Hope Seen in Investment Sales Activity Wednesday, March 3, 2010 @ 7:37PMLarge dollar property sales seem to be emitting faint sparks of hope for the commercial real estate outlook so far in 2010, particularly in the multifamily and hospitality sectors. To be certain, the number of property sales with price tags of $5 million...
Warren Buffett Letter Highlights Wednesday, March 3, 2010 @ 5:12PMBy Valuehuntr. Warren Buffett's annual letter to shareholders was released over the weekend. Here are the highlights: Read more » »
Consumer bankruptcies soar in Waterloo Region and Guelph Wednesday, March 3, 2010 @ 5:12PMThe number of people declaring personal bankruptcy skyrocketed in Waterloo Region and Guelph last year as high debt loads collided with lower incomes.
(AFX UK Focus) 2010-03-03 22:20 UPDATE 2-Fannie Mae Jan portfolio down, delinquencies jump Wednesday, March 3, 2010 @ 4:43PMNEW YORK, March 3 (Reuters) - Fannie Mae, the largest provider of funding for U.S. home mortgages, on Wednesday said its mortgage investment portfolio shrank significantly in January, while delinquencies on loans it guarantees accelerated in the prior month. The portfolio decreased by an annualized 44.8 percent rate to $735.2 billion in January from $772.5 billion the previous month, the ...
First Federal of Northern Michigan Bancorp, Inc. Announces Fourth Quarter 2009 and Full Year Results Wednesday, March 3, 2010 @ 4:25PMFirst Federal of Northern Michigan Bancorp, Inc. reported a consolidated net loss from continuing operations of $3.1 million, or $1.07 per basic and diluted share, for the quarter ended December 31, 2009 compared to a consolidated net loss from continuing operations of $2.3 million, or $0.81 per basic and diluted share, for the quarter ended December 31, 2008. Â
Melcor Developments Ltd. (TSX: MRD) Reports Earnings for 2009 Wednesday, March 3, 2010 @ 4:02PMEDMONTON, ALBERTA-- - Melcor Developments Ltd. , an Alberta based public real estate development company, recorded net earnings of $23,224,000 or $0.78 per share for the twelve months ended December 31, 2009 on revenue of $136,608,000 compared with earnings of $41,021,000 or $1.32 per share on revenue of $108,436,000 for the same period in 2008.
IIF group issues warning on market risks Wednesday, March 3, 2010 @ 3:46PMAn international group of market watchers says that it is worried about the re-emergence of possible systemic risks due to regulatory reform uncertainty and the fiscal policy tightrope that many countries are walking.
News Analysis: Britain Grapples With Debt Of Greek Proportions Wednesday, March 3, 2010 @ 2:44AMAs Greece’s debt troubles batter the euro, Britain has done its utmost to stay above the fray. Until now, that is.
Mortgages: How the cash-poor are stranded in a maze Wednesday, March 3, 2010 @ 1:06AMHomebuyers who can't cobble together a sizeable deposit will find lenders imposing a high interest rate. Patrick Collinson reports Here's the good news: it's easier to get a 90% mortgage today than at any time since the credit crunch began. And here's the bad news: interest rates (from 4.49%) on 90% loans are steep, and if it's a 95% loan you want, the rate can spiral to 7%, equal to 14 times ...
(AFX UK Focus) 2010-03-03 05:24 PRESS DIGEST - Wall Street Journal - March 3 Tuesday, March 2, 2010 @ 11:43PMMarch 3 (Reuters) - The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. * Representative Charles Rangel's hold on the chairmanship of the House's powerful tax-writing committee is slipping with dozens of House Democrats poised to vote in support of a resolution urging him to step down. * At ...
PHH Corp. posts profit, cuts its costs Tuesday, March 2, 2010 @ 11:20PMMortgage company PHH Corp. on Monday said in a conference call with investors that it returned to a profit in the fourth-quarter as the firm reduced costs and the volume of its loans grew. The company, based in Mount Laurel, reported that it earned $97 million, or $1.74 per share for the quarter compared with a loss of $216 million, or $3.98 per share, in the same quarter last year.
Unpaid liens can ruin a short sale Sunday, February 28, 2010 @ 5:42AMDear Real Estate Adviser, I'm thinking of buying a short-sale home. If the delinquent owner had any mechanic's liens, am I now responsible for them? If I make a short-sale purchase, isn't the title usually "free and clear"?
Help out there for those facing foreclosure Sunday, February 28, 2010 @ 5:19AMThere were 414 foreclosures filed last year in Huron County Common Pleas Court. That accounts for 61 percent of the total cases filed in 2009; there has been a 273 percent increase in the amount of foreclosures filed since 1999.
New hot line to report mortgage scam artists Sunday, February 28, 2010 @ 3:44AMA special alert has been issued about a nation-wide mortgage scam.
Economists say buy now, but only what you can afford Sunday, February 28, 2010 @ 3:27AMTwo Southern California economists pay close attention to the ebbs and flows of the Coachella Valley's economy.
Too soon to celebrate housing market recovery Sunday, February 28, 2010 @ 2:10AMMaybe we shouldn't get too giddy about the signs that the San Fernando Valley's housing market is recovering.
Be prepared: Rates will rise again Sunday, February 28, 2010 @ 12:28AMThe rate hikes are coming! The rate hikes are coming! Eventually. Days after the Federal Reserve seemed to sound the alarm that the era of near-zero interest rates is ending, Chairman Ben Bernanke tempered those expectations a bit this week.
Lending tough, but options available Sunday, February 28, 2010 @ 12:06AMThere was a time when Dennis Harvey could scroll through his lender list until he heard something to his and his clients' liking.
Ohio Leaders Want Money to Fight Foreclosures Saturday, February 27, 2010 @ 10:58PMOhio leaders say the state was unfairly omitted from a new $1.5 billion federal program to fight mortgage foreclosures.
UK recovery from recession stronger than expected Friday, February 26, 2010 @ 4:13PMLONDON — British economic growth in the final quarter of 2009 was revised upward slightly on Friday, assuaging fears that a second estimate on the data would reveal that the country hadn't exited recession after all.
30-year mortgage rates rise as new-home sales fall Friday, February 26, 2010 @ 4:04PMMortgage rates climbed for the first time in three weeks, increasing borrowing costs as new-home sales slumped to the lowest level on record.