Prepayment Penalty

Entity type image
Type: Keyphrase
Name: Prepayment Penalty
First reported May 20 2013 - Updated May 20 2013 - 1 reports

Banks, HFCs have no regulatory arbitrage: Keki Mistry

MUMBAI: The norms for housing finance companies (HFCs) are the same as those governing banks, said KekiMistry, the vice-chairman & CEO of India's biggest mortgage lender HDFC, responding to remarks by SBI Chairman PratipChaudhuri that HFCs enjoyed a regulatory ... [Published Economic Times - May 20 2013]
First reported May 19 2013 - Updated May 19 2013 - 1 reports

Hyde Park CG Arranges $1,500,000 La Quinta Acquisition and Renovation Loan

closes a 1.5M hotel acquisition and renovation loan for a 60 room LaQuinta Inn & Suites in Columbus, Ohio. , a Cincinnati based advisory firm, is pleased to announce the closing of a $1,500,000 loan for a 60 room La Quinta Inn & Suites in Columbus, Ohio. ... [Published PRWeb - May 19 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Paid a home loan prepayment fee? You can get income tax benefit

A Mumbai bench of the Income Tax Appellate Tribunal ruled out that taxpayers who have prepayment or foreclosure charges on early repayment of their housing loans, will get some tax benefits. A Mumbai bench of the Income Tax Appellate Tribunal ruled out ... [Published Firstpost.com - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

not very good.

I joined Wells Fargo as a small business owner. I was promised no fee accounts, a morgage with no prepayment penalty, credit card processing at a reasonable fee, and savings that actually had a tiny bit of interest. All of these promises evaporated once ... [Published My Bank Tracker - May 16 2013]
First reported May 15 2013 - Updated May 15 2013 - 1 reports

How do interest rate cuts impact you? Will loans get cheaper now?

Despite the cut in repo rate, no relief has been provided to home and auto loan borrowers. Not all bankers are looking at reducing their interest rate. Hence, there is less easing for loan EMIs The (RBI) cut the repo rate by just 0.25% to 7.25 on 3 May ... [Published India Infoline - May 15 2013]
First reported May 13 2013 - Updated May 14 2013 - 3 reports

Can I Retire Mortgage-Free in 5 Years?

Dear Retirement Adviser,I have a 15-year fixed-rate mortgage at 6.99%, and it will be paid off in 2018, right before I turn 65. I should have no debt by the time I retire if things go as I plan. People say I'm crazy to pay this interest rate and should ... [Published FOXBusiness.com - May 13 2013]
First reported May 14 2013 - Updated May 14 2013 - 1 reports

Understanding Subprime Credit Mortgage Loans

Tags: personal loan, payday loan, pay day loan, bad credit loan, money lenders singapore, business loan, foreigner loan, business loan singapore, foreigner loan singaporeAuthor RSS FeedBad credit mortgage loans permit shoppers with some bad marks on their ... [Published Article Motron - May 14 2013]
First reported May 06 2013 - Updated May 06 2013 - 1 reports

A tough real estate lesson: Understand the loan documents

So on a beautiful quiet day in pastoral Sonoma County, after almost three years my 61-year-old client Diane finally received the final order from the court. It was ordered that a bank return the excessive prepayment/lockout fee that it had woven into ... [Published North Bay Business Journal - May 06 2013]
First reported May 01 2013 - Updated May 01 2013 - 2 reports

Only three area banks saw earnings loss this period

Most publicly traded banking companies in East Central Illinois reported increases in first-quarter earnings this year. The notable exceptions were Commerce Bancshares, MainSource Financial Group and First Busey Corp. In each case, first-quarter earnings ... [Published Individual.com - May 01 2013]
First reported May 01 2013 - Updated May 01 2013 - 1 reports

Farm?ton Bank parent?s 1Q net falls

Farmington Bank's parent posted lower first-quarter net profit despite growth in its portfolio of housing and business loans.For three months ended March 31, First Connecticut Bancorp Inc. said Tuesday it netted $813,000, or a nickel a diluted share, ... [Published Hartford Business Journal - May 01 2013]
First reported Apr 22 2013 - Updated Apr 23 2013 - 2 reports

MainSource Financial Group Announces First Quarter 2013 Oper. . .

MainSource Financial Group Announces First Quarter 2013 Operating ResultsM2 CommunicationsRelease date- 22042013 - Greensburg, Indiana, Archie M. Brown, Jr., President and Chief Executive Officer of MainSource Financial Group, Inc. (NASDAQ: MSFG), announced ... [Published Equities.com - Apr 23 2013]
First reported Apr 22 2013 - Updated Apr 23 2013 - 2 reports

First Financial Northwest, Inc. Reports Net Income of $1.6 Million or $0.09 Per Share for the First Quarter of 2013

First Financial Northwest, Inc. (the "Company") (Nasdaq:FFNW), the holding company for First Savings Bank Northwest (the "Bank"), today reported net income for the quarter ended March 31, 2013 of $1.6 million, or $0.09 per diluted share, compared to net ... [Published Zecco - Apr 22 2013]

Quotes

He said the objective of a separate housing regulator was to meet shortage. "There is shortage of housing even now. NHB was set up in 1988 to promote housing expansion and the purpose still continues" said Mistry, who supports the idea of a single regulator
...we continued our efforts to improve our CommunityCommunity Reinvestment Act (CRA) rating and increased our lending to low- and moderate-income ("LMI ") borrowers and neighborhoods in a safe and sound manner. In the quarter ended March 31, we reported $21.0 million in HMDA reportable loans and $360,000 in loans in LMI geographies. Moreover, we purchased $3.9 million in HMDA reportable loans, $746,000 in LMI geographies loans and $3.2 million in LMI borrower loans."
...25 per share through our new 'at-the-market' (ATM) public offering," added Mr. Garrabrants. "This was the first issuance of common stock under the $50 million ATM offering which has nearly $43 million available for future issuance. In addition, as of April 24, 2013, BofI was able to eliminate the 6% dividend payment on its $18.6 million of Series C convertible preferred stock by exercising our right to convert the preferred stock to common stock. Our annualized return on common stockholders' equity for this quarter was 17.75% and our Bank Tier 1 capital ratio increased to 8.64% at March 31, 2013, up from 8.52% at December 31, 2012."
Thomas Akin, Chairman and Chief Executive Officer, commented, "Our first quarter results were excellent. Our book value per common share increased by $0.20 even as interest rates increased during the quarter. Net interest income increased to $22.5 million for this quarter from $21.1 million in the prior quarter. Return on average common equity remained the same as the fourth quarter of 2012 at 13.0 percent. Our performance was driven significantly by our focus over the past twelve months on CMBS investments, which now represent 61 percent of our invested capital. The Series B preferred stock we issued in April 2013 helps to diversify our capital base while lowering our average cost of equity capital. We now have fully invested the proceeds of this issuance at accretive returns to our shareholders. We believe that our portfolio is well positioned in this low-rate and uncertain environment."

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All (81) | News (72) | Reports (4) | Blogs (3) | Audio/Video (0) | Fact Sheets (0) | Press Releases (2)
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Cooper Union’s shameless trustees [Published Felix Salmon - May 20 2013]
Banks, HFCs have no regulatory arbitrage: Keki ... [Published Economic Times - May 20 2013]
Hyde Park CG Arranges $1,500,000 La Quinta Acqu... [Published PRWeb - May 19 2013]
Clifton Savings Bancorp Updates on 4th Quarter ... [Published Equities.com - May 19 2013]
Low Interest Mortgage Rates Refinancing Can Imp... [Published Prlog - May 16 2013]
Paid a home loan prepayment fee? You can get i... [Published Firstpost.com - May 16 2013]
Don't refinance with Wells. 7 months to close. ... [Published My Bank Tracker - May 16 2013]
not very good. [Published My Bank Tracker - May 16 2013]
How do interest rate cuts impact you? Will loan... [Published India Infoline - May 15 2013]
Understanding Subprime Credit Mortgage Loans [Published Article Motron - May 14 2013]
Can I Retire Mortgage-Free in 5 Years? [Published FOXBusiness.com - May 13 2013]
Can I retire mortgage-free in 5 years? [Published Bankrate.com - May 13 2013]
Can I retire mortgage-free in 5 years? Bankrate... [Published Yahoo! Finance - May 13 2013]
Clifton Savings Bancorp Reports 4th Quarter and... [Published Equities.com - May 13 2013]
Clifton Savings Bancorp Reports Fourth Quarter ... [Published Individual.com - May 13 2013]
FBR Capital Downgrades PennantPark Investment (... [Published Street Insider - May 10 2013]
Cogent Road's Strengthens its Integration with ... [Published 24-7PressRelease.com - May 09 2013]
Walker & Dunlop, Inc. CEO Discusses Q1 2013 Res... [Published Seeking Alpha - May 08 2013]
BofI Holding, Inc. Announces Record Third Quart... [Published Interest!ALERT - May 08 2013]
Retail Properties of America CEO Discuses Q1 20... [Published Seeking Alpha - May 08 2013]
Sotherly Hotels Inc. Reports Financial Results ... [Published Yahoo! Finance - May 07 2013]
City council: April 23 minutes [Published Jackson County Pilot - May 07 2013]
United Security Bancshares, Inc. Reports Improv... [Published Stockwatch - May 06 2013]
A tough real estate lesson: Understand the loan... [Published North Bay Business Journal - May 06 2013]
Dynex Capital Posts Reports First Quarter Earnings [Published Individual.com - May 06 2013]
Boston Properties Reports 1st Quarter 2013 Results [Published Individual.com - May 06 2013]
Consumer Finance Company KwikCash Offers Person... [Published Prlog - May 03 2013]
NovaStar Financial, Inc.: Company Profile - New... [Published TransWorldNews - May 03 2013]
Web.com Reports First Quarter 2013 Financial Re... [Published OSIX News - May 02 2013]
Dynegy sells Roseton power to Castleton [Published Project Finance Magazine - May 02 2013]
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Cooper Union’s shameless trustees [Published Felix Salmon - May 20 2013]
It’s tragic that Cooper Union has decided to start charging tuition. The fateful announcement was made by Mark Epstein, the self-aggrandizing chairman of the board of trustees, and was greeted with dismay by thousands of Cooper students, faculty, ...
To Unitranche Or Not To Unitranche [Published PE Hub Blog - May 01 2013]
The debate continues as to whether today’s financing environment is as good, or better, than in 2007. But we tend to believe that, at least from a liquidity standpoint, conditions are more favorable than they were back then. Not only is debt readily ...
Home Properties Earnings Call Nuggets: Timing o... [Published Wall St. Cheat Sheet - Feb 11 2013]
Home Properties, Inc. ( NYSE:HME ) recently reported its fourth quarter earnings and discussed the following topics in its earnings conference call. Timing of Selling Assets Gaurav Mehta – Cantor Fitzgerald: First question that I have is on the ...
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MainSource Financial Group — NASDAQ, MSFG — Ann... [Published Business Wire - Apr 22 2013]
Security Federal Corporation Announces Earnings... [Published Business Wire - Apr 22 2013]
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