New York Community Bancorp reported $117.7 million in fourth quarter earnings, down from $149.8 million a year ago as earnings for the year slipped to $480 million from $541 million. The Westbury-based bank...
Meridian Capital Group, LLC announced the following transactions: * A new mortgage of $1,500,000 w on a 16-unit, four-story multi family building on 34th Street in Long island City, NY. The loan features...
The presence of the U.S. Navy and U.S. Marine Corps in San Diego hasn't been lost on Navy Federal Credit Union. The world's largest credit union, with more than $47 billion in assets...
Notice of Proposed Rulemaking and Notice of Public Hearing Basis Reporting by Securities Brokers and Basis Determination for Debt Instruments and Options AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of proposed rulemaking...
A Denver lawmaker plans to sponsor a bill this year that aims to require lenders to prove they are the holders of evidence of debt before they foreclose. Rep. Beth McCann, D-Denver, is...
PHILADELPHIA -- Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., today announced a partnership with LoanSifter, the leading provider of Web-based mortgage product eligibility and pricing engines. Beginning immediately,...
Other specific highlights compared with 2011 Third Quarter: * 3.38% net interest margin, up 4 basis points * 14% annualized growth in average core deposits * 2% annualized growth in average total loans,...
Strong Capital Generation With Tier 1 Common Equity Ratio at 9.86 Percent Global Excess Liquidity Sources Remain Strong at $378 Billion, up $42 Billion in 2011 Investment Bank Maintained No. 2 Global Ranking...
North American FinTech Spending Projected to be $53 billion ATLANTA -- William Mills Agency, the nation's largest independent financial PR and technology public relations firm, today released its annual financial services industry research...
* Net income of $81.7 million for 2011, compared to $62.9 million for 2010. This represents an increase of $18.8 million, or 29.87%. Diluted earnings per common share were $0.77. * 4(th) Quarter...
Significant challenges hit the commercial real estate finance market in the last two years, but 2011 saw significant recovery and progress over the previous year. Mortgage bankers are optimistic that 2012 will be...
Fourth Quarter Earnings Per Common Share Were $1.84 NEW YORK -- The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $28.81 billion and net earnings of $4.44 billion for the...
Brick Realty Capital LLC, through an affiliate entity, arranged the following transaction: * A first mortgage of $320,000 to a private owner of a four story walk-up apartment building located in the Clinton...
The winners of the real estate industry's most coveted awards, The Real Estate Board of New York's (REBNY's) Most Ingenious Deal of the Year Awards, were unveiled in April at the Commercial Sales...
NEW YORK -- Fitch Ratings has issued a presale report on FREMF 2012-K705 multifamily mortgage pass-through certificates and Freddie Mac structured pass-through certificates, series K-705. Fitch expects to rate the transaction and assign...
Fourth Quarter Revenues of $17.2 Billion Down 7% from the Prior Year Period Fourth Quarter Net Credit Losses Declined 40% from the Prior Year Period to $4.1 Billion Full Year 2011 Net Income...
26 CFR 601.105: Examination of returns and claims for refund, credit or abatement: determination of correct tax liability. (Also Part 1, §§ 856: 1.856-3, 1.856-5, and 1.860F-4.) SECTION 1. PURPOSE This revenue procedure...
Safe Harbor Reporting Method for Eligible REMICS Required to Report on Schedule Q Information with Respect to REMIC Assets PURPOSE This notice provides a safe harbor reporting method that an eligible real estate...
NEW YORK -- Citigroup Inc.'s (Citi) fourth quarter-2011 (4Q'11) performance was generally in line with Fitch Ratings' expectations, though the bank is still underperforming its top-rated U.S. peers. Citi continued to generate operating...
MT. LAUREL, N.J. -- PHH Corporation (NYSE: PHH) ("PHH" or the "Company") announced today the closing of its offering of $250 million in aggregate principal amount of 6.00% Convertible Senior Notes due 2017...