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Fitch Affirms Wachovia Bank Series 2003-C9; Assigns Outlooks - PR InsideFitch Ratings affirms and assigns Rating Outlooks to Wachovia Bank Commercial Mortgage Trust's commercial mortgage pass-through certificates, series 2003-9, as follows: --$12 million class A-2 at 'AAA', Outlook Stable; --$210.3 million class A-3 at ...
BlackRock to cut jobs for first time in firm's history - Newark Star-LedgerBlackRock, the largest publicly traded asset manager in the U.S., is cutting jobs for the first time in its 20-year history as slumping financial markets force the mutual-fund industry to shrink. Dismissal notices will be issued this week, New York ...
Lenders that Have Closed Shop, - Wall Street JournalMore than 80 mostly subprime mortgage lenders -- those that make home loans to the riskiest borrowers with questionable credit -- have closed shop since the end of last year as clients defaulted on payments and banks cut off the funding required to ...
Bank bucks trend - Recorder Community NewspapersFLORHAM PARK – Nationwide, banks may be floundering, but one that operates locally is seeing record profits thanks, says its CEO, to prudent and conservative lending policies. Hudson City Savings Bank has $51 billion in assets and 2008 will be its ...
Local lender key in meltdown - Denver PostNov 13: Stocks shoot up 550 as investors swarm back in Colorado foreclosures mixed OECD says developed world already in recession Oversight of bailout "a mess" A switch in bailout strategy Nov 12: Feds shift $700 billion strategy Nov 11: Critics say ...
Hundreds of Colorado employees laid off - KUSA-TVDENVER – As the state braces for new numbers on the unemployment rate, word came this week that hundreds of Colorado employees have been laid off. Lehman Brothers announced Thursday that they have let go roughly 1,300 people nationally. The firm ...
Survey: Effects of Financial Crisis Broaden as CFOs Report Plans to ... - MSN MoneyCentralFLORHAM PARK, N.J. and NEW YORK , Oct. 30 /PRNewswire/ -- CFOs of American companies revealed ever-increasing uneasiness about the current economic crisis and its evident impact on their businesses, as optimism toward both the U.S. economy and their ...
11th congressional district election: Iraq, pork, and that $7 billion ... - Recorder Community NewspapersWashington’s Wall Street bailout, Iraq, health care and free trade were grist for the political mill Thursday, Oct. 16, when U.S. House of Representatives incumbent Rodney Frelinghuysen, R-11, and Democratic challenger Thomas Wyka met editors of ...
Today's Mortgage Terms starting with O
Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.
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