2 Articles match "Company","Example","New York"

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No Mortgage Meltdown For These Banks
As company Chairman, President, and CEO Ronald E. Hudson has deposits of $49 billion, a network of 125 branches in New Jersey, New York and Connecticut and just 1,350 employees — a fraction of the workforce one would find with banks of similar size. Hermance explains that company incentives are related to credit quality and not stock prices. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
www.realtytrac.com - Tuesday, February 3, 2009
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Long-Term Solution for Fannie and Freddie Dilemma
Share values have dropped more 90 percent, investors have lost more than $100 billion, and both companies were rescued by the federal government earlier this month, placed in a government conservatorship run by the newly created Federal Housing Finance Agency. They are profit-seeking "companies" in the sense of shareholders and being in business but they are also GSEs -- government-sponsored enterprises, companies started by the federal government and companies endowed with huge competitive advantages: They do not pay state income taxes, they each have a $2.25 Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
www.realtytrac.com - Tuesday, February 3, 2009
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  • The Best from RealtyTrac MORE
  • Long-Term Solution for Fannie and Freddie Dilemma
    Share values have dropped more 90 percent, investors have lost more than $100 billion, and both companies were rescued by the federal government earlier this month, placed in a government conservatorship run by the newly created Federal Housing Finance Agency. They are profit-seeking "companies" in the sense of shareholders and being in business but they are also GSEs -- government-sponsored enterprises, companies started by the federal government and companies endowed with huge competitive advantages: They do not pay state income taxes, they each have a $2.25 Long-Term Solution for Fannie and Freddie Dilemma By Peter G.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • No Mortgage Meltdown For These Banks
    As company Chairman, President, and CEO Ronald E. Hudson has deposits of $49 billion, a network of 125 branches in New Jersey, New York and Connecticut and just 1,350 employees — a fraction of the workforce one would find with banks of similar size. Hermance explains that company incentives are related to credit quality and not stock prices. No Mortgage Meltdown For These Banks By Peter G. Miller     The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE