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Interest Rate Markets July 31, 2010

Daily Events Editions
Market News Annoucements
Sources Archives

Onebeacon Reports $14.71 Book Value Per Share

OneBeacon Insurance Group, Ltd. (NYSE:OB) today reported book value per share of $14.71, an increase of 0.7% for both the second quarter and through six months, including dividends. -- OneBeacon Insurance Group, Ltd.,Todd Mills,Hamilton Bermuda  07/31/2010

`five Smart Reasons to Buy a Home Now`

The economy is stabilizing. Home prices are holding. It's not just as good a time as ever to buy a house. It's one of the best times ever. -- Total Choice Realty, Inc.,Joanne Cleaver,Chicago   07/31/2010

Freddie Mac Will Not Issue a Reference Notes® Security on July 29, 2010

Freddie Mac (OTC Bulletin Board: FMCC) announced today that it will not issue a Reference Notes® security on July 29, 2010. The company's 2010 Reference Notes calendar designates dates that it may -- Freddie Mac,Michael Cosgrove,Mclean Va.  07/31/2010

Bankrate: Mortgage Rates Reset Record Lows

Mortgage rates were lower this week, with the average conforming 30-year fixed mortgage rate hitting a record low of 4.71 percent, according to Bankrate.com's weekly national survey. The average 3 -- Bankrate.com,Kayleen Yates,New York   07/31/2010

Credit News From Premier by Louis S. Barnes July 30, 2010

The end of July usually marks the quietest time of the year for markets. Big-shot bankers are away from trading desks, loading up for August in the Hamptons -- in the old days to kick sand at 98-pound -- Premier Mortgage Group, Inc,Lou Barnes,Boulder Co  07/30/2010

Alliancebernstein Income Fund Releases Monthly Portfolio Update

AllianceBernstein Income Fund, Inc. (NYSE:ACG) (the "Fund") today released its monthly portfolio update as of June 30, 2010. -- AllianceBernstein Income Fund, Inc.,Shareholder Contact,New York   07/29/2010

Lendingtree`s Weekly Mortgage Rate Pulse Reports Rates Remain Stable at Record-Lows

Rates for 30-Year Fixed Mortgages Have Declined Faster Than 15-Year Rates -- LendingTree,Bethany Ciampa,Charlotte N.c.  07/29/2010

Gold and Silver Capitulation is Near

The National Inflation Association today released the following statement to its http://inflation.us/ members: -- National Inflation Association,Gerard Adams,Fort Lee N.j.  07/29/2010

J.D. Power and Associates Reports: Among Home Buyers, Satisfaction With Real Estate Companies Increases, While Satisfact

Keller Williams Ranks Highest in Customer Satisfaction among Home Buyers for a Third Consecutive Year, While Prudential Ranks Highest among Home Sellers -- Perryman of J.D. Power and Associates,,John Tews,Westlake Village Calif.  07/29/2010

Ellie MAE Adds PHH Mortgage TO Encompass360ä Select Program

Encompass360 Select program provides automated loan pricing from PHH Mortgage, accessible from directly within the Encompass360 mortgage management software -- Ellie Mae Inc.,Rosalie Berg,Pleasanton California  07/29/2010

New Mortgage Industry Association Has Been Formed To Promote Thought Leadership and Innovation

PROGRESS in Lending Association affirms that the status quo is not what’s going to get the -- Progress In Lending,Tony Garritano,WILTON ct  07/28/2010

Mortgage Applications Decrease in Latest MBA Weekly Survey

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 23, 2010. The Market Composite Index, a measure of mortgage loan application vol -- CampusMBA,Melissa Key,Washington District of Columbia  07/28/2010

Mortgage Builder and Nylx Integrate Systems to Bring Advanced Pricing and Origination Capabilities to Mortgage Lenders

Alliance brings industry’s most reliable product eligibility and pricing technology to fingertips of Mortgage Builder users -- Mortgage Builder Software Inc,Keven Smith,Southfield Michigan  07/28/2010

New Home Prices Continue to be Weak in 2010

While progress is being made in leaving behind the worst residential real estate bear market in 68 years, this improvement is moving at a glacial pace. -- Winans International,Liz Boaz,Novato Calif.  07/28/2010

Unintended Consequences of Refinancing With Respect to Life Insurance Coverage

While the past couple years have created financial havoc for millions of Americans -- foreclosures, 10 percent unemployment and manic-depressive financial markets -- there has been a silver lining for -- IntelliQuote,Jennifer Bulotti,El Dorado Hills Calif.  07/28/2010

2010 Niobrara Oil Lease Rush Draws Oil and Gas Companies From Around the U.S. to Northern Colorado, Where the Nation`s L

Harrison Resource Corporation is offering a 9,200-lot, 4,587-acre $173 million land portfolio in the very area of Colorado where oil and gas companies from across the country are rushing to lease thou -- Harrison Resource Corporation,Craig Harrison,Denver   07/28/2010

Fannie Mae Announces Semiannual Multifamily Investment Volumes

Fannie Mae (OTC Bulletin Board: FNMA) today announced that the company, through its lender and housing partners, provided $5.9 billion in investment to the multifamily rental housing market for the fi -- HomePath,Heather Baker,Washington   07/28/2010

Icici Bank UK Wins the Your Money Awards for `best Online Savings Provider 2010`

ICICI Bank UK Plc has won the Your Money Direct Awards 2010 for 'Best Online Savings provider 2010' for its HiSave product range. -- ICICI Bank UK PLC,Lisa Donohue,London   07/28/2010

Suntrust Commences Tender Offer for $750 Million of Existing Debt Securities

SunTrust Banks, Inc. (NYSE: STI) announced today that SunTrust Bank has commenced a cash tender offer (the "Tender Offer") to purchase up to $750,000,000 aggregate principal amount (the "M -- Suntrust Mortgage, Inc.,Steve Shriner,Atlanta   07/27/2010

With a Looming Shortage of Financial Advisors, Succession Planning Is a High Priority for Industry

Genworth Taps Matthew Matrisian for Expertise in Building Transferable Advisor Businesses -- Genworth Financial Inc.,Tom Topinka,Richmond Va.  07/27/2010

Pembrook Capital Management Provides $47.1 Million Loan

PCM provides $47.1 million of financing for landmark Jean Nouvel designed Manhattan condominiums -- Pembrook Capital Management, LLC,John Garth,New York   07/26/2010

Iberiabank Corporation Announces Fifth Fdic-Assisted Acquisition

IBERIABANK (www.iberiabank.com), the 123-year old subsidiary of IBERIABANK Corporation (NASDAQ:IBKC) , announced that it has entered into a purchase and assumption agreement with loss share arrangemen -- IBERIABANK,John R. Davis,Lafayette La.  07/26/2010

Southside Bancshares, Inc. Announces Net Income for the Three and Six Months Ended June 30, 2010

NASDAQ Global Select Market Symbol - 'SBSI' -- ,System Admin,Tyler Texas  07/26/2010

Union First Market Bankshares to Present at Kbw`s 11th Annual Community Bank Investor Conference on July 27, 2010

Union First Market Bankshares Corporation (NASDAQ:UBSH) announced that G. William Beale, CEO and D. Anthony Peay, EVP & CFO of Union First Market Bankshares Corporation, will be presenting at the Keef -- Union Bankshares,D. Anthony Peay,Richmond Va.  07/24/2010

Twin Cities Commercial Real Estate Activity Improves Despite Weak Market Fundamentals

NorthMarq's 2010 Mid-Year 'Compass Report' on State of Twin Cities Market Released Today -- NorthMarq,Martha Nevanen,Minneapolis   07/23/2010

Florida`s Existing Home, Condo Sales Rise in June 2010

Sales of existing homes in Florida rose 15 percent in June, marking 22 consecutive months that sales activity has increased in the year-to-year comparison, according to the latest housing data release -- Florida Realtors,Marla Martin,Orlando Fla.  07/23/2010

Illinois Home Sales Up 10 Months in a Row, Chicago Region a Full Year

Statewide Home Prices Stabilizing -- Illinois Association of REALTORS,Mary Schaefer,Springfield Ill.  07/23/2010

Bankrate: Mortgage Rates Revisit Record Lows

Mortgage rates declined this week, with the average conforming 30-year fixed mortgage rate tying a record low of 4.74 percent, according to Bankrate.com's weekly national survey. The average 30-ye -- Bankrate.com,Kayleen Yates,New York   07/23/2010

Credit News From Premier By Louis S. Barnes July 23, 2010

One line in Perfesser Bernanke's testimony dominated the week, but in an odd way: it was an anti-forecast. "Uncertainty about the outlook for growth and unemployment... greater than normal.... -- Premier Mortgage Group, Inc,Lou Barnes,Boulder Co  07/23/2010

Monarch Financial Reports Record Profitability and Strong Asset Growth

Monarch Financial Holdings, Inc. (NASDAQ:MNRK) , the bank holding company for Monarch Bank, reported the best quarterly profits in the company's history, along with strong asset and deposit growth -- Monarch Financial Holdings, Inc.,Brad E. Schwartz,Chesapeake Va.  07/21/2010

Lendingtree Weekly Mortgage Rate Pulse Reports Record-Breaking Low Rates

Current Coupon Drops to 3.51% -- LendingTree,Bethany Ciampa,Charlotte N.c.  07/21/2010

Growth Expectations Shifting Down According to Fannie Mae`s Economics & Mortgage Market Analysis Group

External and Internal Fundamentals Signal Lower Growth for 2010 Economic Outlook Podcast Available -- HomePath,Pete Bakel,Washington   07/21/2010

Winner Chosen for Peter L. Bernstein Award

Joseph R. Prendergast has been chosen as the winner of the Peter L. Bernstein Award for his paper that offers striking new insights, using creative statistical analysis, into the factors that affected -- The Journal of Portfolio Management,Andrew O'Donnell,New York   07/21/2010

S&P Valuation and Risk Strategies Expands Cross-Asset Class Price Evaluation Research Capabilities on its Global Credit

Independent Pricing Evaluation Data, Market-Based Assumptions and Related Market and Regulatory Data Now Searchable Across Fixed Income and Structured Finance Asset Classes -- Standard & Poor`s,Michael Privitera,New York   07/21/2010

Financial Trust Index Reaches All Time High at 26%

All components measured show increase in trust, including large corporations -- Kellogg School of Management,Meg Washburn,Chicago   07/21/2010

LBC Credit Partners Provides a $42.5 Million One-Stop Facility for Mcmc Llc, a Leading Managed Care and Cost Containment

LBC Credit Partners, a leading provider of financing solutions to middle market companies, today announced the funding of a $42.5 million one-stop facility to support the refinancing of MCMC LLC, a di -- LBC Credit Partners,John Brignola,Philadelphia   07/21/2010

Wyncrest Group to Expand Strategically in Property and Casualty Line

Wyncrest Group, Inc. (Pink Sheets: WNCG), a growing financial services organization, has added a new expanded direction to its Property and Casualty Company, Atlantis Financial Group, Inc. Wyncrest Gr -- Wyncrest Group, Inc.,Investor Relations,Palos Park Ill.  07/21/2010

Appraisal Institute Praises Senate for Passage of Financial Regulatory Reform Bill

The Appraisal Institute, the nation’s largest professional organization of real estate appraisers, today applauded the U.S. Senate for passing a sweeping financial regulatory reform bill that includes -- Appraisal Institute,Ken Chitester,Chicago Illinois  07/21/2010

Extending Unemployment Benefits Will Increase Unemployment, Hurt Economy

The Senate today approved an extension of federal unemployment benefits to a maximum of 99 weeks. This move is likely to create unintended negative consequences which will have effects throughout the -- Competitive Enterprise Institute,Richard Morrison,Washington Dc  07/21/2010

China HGS Provides Updates on Hanzhong Real Estate Projects and Reaffirms 2010 Outlook

China HGS Real Estate Inc. (OTC:CAHS) (BULLETIN BOARD: CAHS) ("China HGS" or "the Company"), a leading residential property developer in Hanzhong, China, today provided updates on the -- China HGS Real Estate Inc.,Mr. Ran Xiong,Hanzhong China  07/20/2010

Fraud Breaks Gbp1bn Barrier in 6 Months

The growth of fraud in the UK continues unabated according to BDO LLP's six monthly update on reported fraud. For the first six months of this year fraud losses rocketed to GBP1.06bn and eclipsed -- BDO LLP,System Admin,London   07/20/2010

Rightmove Forecasts Second Half of the Year Price Falls to Wipe Out First Half Gains

The Rightmove House Price Index for July records that the average asking price for a property in the UK is currently 236,332 pounds Sterling, a drop of -0.6% on June figures. -- Rightmove,Tom McGuigan,London   07/20/2010

Suntrust Completes Strategic Review of Ridgeworth Capital Management

Federated Investors, Inc. to Acquire $17 Billion in Managed Liquidity Assets -- Suntrust Mortgage, Inc.,Michael McCoy,Atlanta   07/19/2010

Care Investment Trust Inc. Announces Self-Tender Offer

Care Investment Trust Inc. (NYSE:CRE) ("Care" or the "Company"), a real estate investment and finance company investing in healthcare-related real estate and commercial mortgage debt, -- Care Investment Trust Inc.,Torey Riso,New York   07/16/2010

Parking Rates Defy Other Real Estate Market Segments

North American Garage Operators Hold the Line on Rates -- Colliers International,Richard Mulieri,Seattle   07/15/2010