Among Friday’s quartet of bank failures were two financial institutions that survived the Great Depression, a bank that had been converted from a credit union and an $0.5 billion entity. The Oklahoma State Banking Department said that it closed down First Capital Bank. An “exhaustion of capital funds as a result of significant loan losses” [...]
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Brutal Week for Banks
June 11th, 2012 
davidguide 
Posted in Business Loans 
Tags: bank, bank failures, Depression, entity, exhaustion, federal deposit insurance, kingfisher okla, loan losses, result, state banking department, Week 
Comments OffCorrespondent Retreat Hurts PHH Production
May 2nd, 2012 davidguide A quarterly decline in mortgage originations at PHH Corp. was primarily the result of an earlier decision to reduce its reliance on the correspondent lending channel. The company’s pipeline of locked applications ready to close point to an even slower second quarter. But with widening profit margins and a “robust” retail pipeline, PHH’s chief was [...]
Posted in Business Loans Tags: correspondent lending, decision, Decline, lending, mortgage originations, phh corp, Profit, profit margins, quarterly decline, result, Retreat Comments OffThe Small Biz Credit Crunch Continues
October 17th, 2011 davidguide As the economy slowly recovers, large companies continue to shore up their cash by delaying payments to small business suppliers. At the same time, vendors to these same small suppliers continue to demand faster payment. The result is putting small companies out of business. This strong-arm tactic by bigger companies is restricting the small supplier’s [...]
Posted in Business Loans Tags: accounts receivable factoring, Biz, business invoices, cash crunch, credit, credit crunch, Factoring, payment, receivable, result, small business administration Comments OffAgency Issuance Yanked Down by Freddie
April 2nd, 2011 davidguide Fixed-rate agency issuance fell to $89 billion during March, according to data released by eMBS. February’s activity was $99 billion. The drop was the result of a more than a third drop in volume at Freddie Mac. View full post on Mortgage Stories
Posted in Business Loans Tags: drop, eMBS, Fixed-rate, freddie mac, Issuance, Mortgage, post, result Comments OffFairway Lifts Annual Originations, Recruiting LOs
January 24th, 2011 davidguide Home-loan fundings at Fairway Independent Mortgage Corp. increased 15 percent between 2009 and last year, according to data reported by the company. It was an all-time high for Fairway. This year, efforts will be focused on recruiting loan officers who become available as a result of new compensation rules. View full post on Mortgage Stories
Posted in Business Loans Tags: compensation rules, Fairway, fundings, Independent, independent mortgage corp, Lifts, loan officers, Originations, percent, result Comments OffHayward Defends BP’s Safety Record
September 15th, 2010 davidguide The BP chief faced a British Parliamentary committee and rejected claims that the accident in the Gulf of Mexico was partly the result of cost-cutting. View full post on Business Stories
Posted in Business Structures Tags: accident, bp, BP's, British, committee, cost-cutting, Defends, Gulf of Mexico, Hayward, Mexico, Parliamentary, parliamentary committee, Record, result, Safety, the Gulf Comments Off
