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Tuesday November 24, 2009
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Construction Loan News is an EIN News Service for finance industry professionals. Constantly updated news and information about finance.
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  • Mayflower Bancorp Reports Second Quarter Earnings and Payment of Dividend 24 Nov 2009 16:31 GMT
    ... Mayflower Bancorp Reports Second Quarter Earnings and Payment of ... a decrease of $2.7 million in net construction loans outstanding, a decrease of $881,000 in home ...

  • Bad loans still rising at Jacksonville banks 24 Nov 2009 07:12 GMT
    ... Some local banks did show improvement in the third quarter of ... not saddled with a lot of residential construction loans when the real estate market tanked. “That’s ...

  • Mayflower Bancorp Reports Second Quarter Earnings and Payment of Dividend (PRN) 24 Nov 2009 16:34 GMT
    ... For the six-months ended October 31, 2009, net income was ... a decrease of $2.7 million in net construction loans outstanding, a decrease of $881,000 in home ...

  • Inland office development facing own miseries 24 Nov 2009 00:13 GMT
    ... The market is oversaturated with new construction. Owners are saddled with ... possible some developers could default on their construction loans. But there is also the chance for ...

  • Go Ahead and Yell. He's Everyone's Punching Bag. 24 Nov 2009 04:32 GMT
    ... Go Ahead and Yell. He’s Everyone’s Punching Bag. Published: Sunday, November ... of the $25 billion in outstanding condo construction loans were delinquent in the third quarter this ...

  • Presidio Residential Capital Closes 1st Builder Construction Loan 23 Nov 2009 17:30 GMT
    ... Presidio Residential Capital Closes 1st Builder Construction Loan --Private financing filling 'urgent need' in real ... fund in excess of $250 million in construction loans for home-building projects in the Western United ...

  • EuroBancshares, Inc. Reports Financial Results for the Third Quarter Ended September 30, 2009 20 Nov 2009 16:51 GMT
    ... in the yield on our commercial and construction loan with variable rates as well as the ... and $24.7 million decrease in commercial and construction loans, respectively, as explained further in the Loans ...

  • Central Pacific Financial Corp. Q4 2008 Earnings Call Transcript 22 Nov 2009 14:14 GMT
    ... land for future development and five are construction loans. Of the land loans, two are non-performing, ... to the addition of one California commercial construction loan, totaling $10.4 million, secured by a retail ...

  • Report examines bank's shortcomings 23 Nov 2009 23:13 GMT
    ... underwriting and credit administration in the bank's Construction Loan Department appeared to have gone uncorrected by ... and to the extent they were making construction loans in the Inland Empire," said Redlands-based economist ...

  • 13 indicted in Bend real estate case 20 Nov 2009 19:33 GMT
    ... and Kendall for allegedly defrauding a number of banks in a series of commercial construction loans. Prosecutors allege that Desert Sun repeatedly got construction loan draws from a number of different banks based on phony construction progress reports. Robert ...

  • 13 indicted on federal fraud charges 20 Nov 2009 19:55 GMT
    ... 58 of Junction City, is charged with making false statements to regarding the company’s construction loans. Brink was a construction loan officer at Umpqua Bank. The indictment alleges that on five separate occasions he filed ...

  • One big legal sideshow 22 Nov 2009 03:16 GMT
    ... fallen $81 million in default on its construction loan. Led by developer Bear Creek Capital, whose ... losses from any number of defaulted commercial construction loans. This may have been a larger commitment ...

  • West Hamilton revenue falls slightly 23 Nov 2009 15:42 GMT
    ... as a temporary facility to fund the progress of construction works. In February, a construction loan for $15 million was approved by the bank for a period of two years. "The ...

  • 13 charged in $19M Central Oregon bank fraud 21 Nov 2009 00:42 GMT
    ... steel building kits for the nonexistent buildings. In a separate indictment, Robert Brink, a construction loan officer at Umpqua Bank, was charged with making false statements to the bank. Prosecutors allege ...

  • 13 charged in $19M Central Oregon bank fraud 21 Nov 2009 00:49 GMT
    ... steel building kits for the nonexistent buildings. In a separate indictment, Robert Brink, a construction loan officer at Umpqua Bank, was charged with making false statements to the bank. Prosecutors allege ...


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