PASADENA, Calif.–(BUSINESS WIRE)–OneWest Bank, FSB today announced the purchase of a $1.4 billion multifamily and commercial real estate loan portfolio from Citibank, N.A. The portfolio, which includes approximately 600 loans, is a strategic addition to OneWest Bank’s growing Commercial Real Estate lending business. “We are pleased to be able to work with Citibank to complete [...]
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OneWest Bank Announces Purchase of $1.4 Billion Multifamily and Commercial Real Estate Loan Portfolio from Citibank
November 11th, 2010
davidguide Merced County jobless rate drops in September to 16.6 percent from 17.4 percent
October 23rd, 2010
davidguide The unemployment rate in Merced County for September dropped 0.8 percentage point to 16.6 percent from 17.4 percent in August. The state’s unemployment rate is at 12.2 percent. That makes Merced tied for fifth in the state for the highest unemployment rate. The county with the highest rate, Imperial Valley, posted a whopping 30.4 percent [...]
French Police Wrest Key Paris Refinery From Striking Workers
October 22nd, 2010
davidguide Linda Young – AHN News Writer Paris, France (AHN) – French riot police have broken a key oil refinery blockade outside Paris acting on orders from the president who has refused to back down from pension reform plans. Oil refinery workers striking over President Nicolas Sarkozy’s plans to hike the retirement age had blocked 12 [...]
Mortgage rates: 30-year fixed loans at 4.21 percent, up from decades low
October 21st, 2010
davidguide WASHINGTON — Rates on 30-year fixed mortgages rose slightly from their lowest level in decades, inching up to a national average of 4. View full post on All Stories
Sarkozy calls for calm from protesters
October 19th, 2010
davidguide Cars burned, shop windows smashed and 4,000 petrol stations ‘awaiting supplies’ on sixth day of French protests Strikes gathering pace against Nicolas Sarkozy’s pension reforms appeared to be pushing France closer to crisis today as fuel shortages were felt across the country and violence erupted on the sidelines of protests by children. On a sixth [...]
Death Toll From Chinese Mine Explosion Rises To 32
October 18th, 2010
davidguide Windsor Genova – AHN News News Writer Beijing, China (AHN) – Rescuers found six more bodies from a coal mine pit in central China’s Henan province on Monday bringing to 32 the number of miners killed by an avalanche of coal dust at the site. More than 300 rescuers are searching for five miners still [...]
U.K. Regulator Bans Banks From Credit-insurance Sales – Update
October 14th, 2010
davidguide The UK Competition Commission said Thursday that it will ban U.K. lenders from selling credit insurance at the same time as they grant an associated credit product to customers. Payment Protection Insurance or PPI is a type of insurance that covers repayments on loans if the borrower is unable to keep up the payments due [...]
Advice from 1999
October 11th, 2010
davidguide Back in 1999, the dot-com boom seemed as inevitable and endless as the housing boom a few years later – the new economy would continue to create new wealth because everything was digital now and the world was different…. View full post on All Stories
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