USDA Raises Upfront Guarantee Fee for Refinance Transactions

Cory Kessenich here with Inlanta Mortgage in Madison, WI. Today I’d like to talk to you about the recent changes to the USDA refinance program. This includes the increase of the up front guarantee fee from 1% to 1.5% effective 12-07-2011 and a reminder of the new monthly guarantee fee that is similar to private [...]

National Bank Releases its Results for the Second Quarter of 2011 and Raises its Dividend

National Bank Releases its Results for the Second Quarter of 2011 and Raises its Dividend
MONTREAL, QUEBEC– – National Bank Financial Group – The financial information in this press release is based on the unaudited interim consolidated financial statements for the second quarter ended April 30, 2011.
Read more on CCNMatthews via Yahoo! Finance

Travelers Raises Forecast as Profit Climbs on Sales Increase

Travelers Raises Forecast as Profit Climbs on Sales Increase
Travelers Cos. , the insurer added to the Dow Jones Industrial Average in 2009, raised its full-year forecast after third-quarter profit rose on an increase in sales.
Read more on Bloomberg

Vranos’s IPO Raises $101 Million to Buy Subprime Mortgage Bonds

Vranos’s IPO Raises $101 Million to Buy Subprime Mortgage Bonds
Ellington Financial LLC, the mortgage-backed bond fund run by Michael Vranos, raised $101 million in its second attempt at an initial public offering after four U.S. IPOs this week were postponed or delayed.
Read more on BusinessWeek

India’s HDFC raises benchmark lending rates

India’s HDFC raises benchmark lending rates
MUMBAI, Aug 31 (Reuters) – Housing Development Finance Corp (HDFC) , India’s top mortgage lender, said on Tuesday it would raise it benchmark lending rates by 0.5 percent with effect from Wednesday.
Read more on Reuters via Yahoo! Singapore News

Bank of Canada raises interest rate to 0.5 per cent

Bank of Canada raises interest rate to 0.5 per cent
The days of record low interest rates in Canada appear to be coming to an end. The Bank of Canada announced Tuesday its first interest rate increase in three years, raising its key lending rate 25 percentage points.
Read more on CTV Winnipeg

European Stocks Fall as India Raises Rates; Mining Stocks Drop

European Stocks Fall as India Raises Rates; Mining Stocks Drop
March 19 (Bloomberg) — European stocks declined after India’s central bank unexpectedly lifted interest rates, increasing speculation that withdrawal of economic stimulus measures may hamper global growth.
Read more on Bloomberg