TITLE

New Jersey Bank Sells $3M Loan Portfolio

AUTHOR(S)
Cumming, Chris
PUB. DATE
May 2013
SOURCE
American Banker;5/15/2013, Vol. 178 Issue 75, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article mentions the financial performance of Community Bank of Bergen County in Maywood, New Jersey which reported its earnings in first-quarter 2013 dropped to $19,000. The article notes the bank announced on May 13 it will take an after-tax loss on the sale of a $3.2 million portfolio of nonperforming loans. A press release from bank's chief executive officer and president Peter Michelotti is noted.
ACCESSION #
87663329

 

Related Articles

  • Community Banks Offering Assistance To Victims of Storm And Hurricane Irene. Nemeroff, Evan // Mortgage Servicing News;Nov2011, Vol. 15 Issue 11, p17 

    The article reports on the assistance of community-based banks to homeowners affected by Hurricane Irene in the East Coast and Tropical Storm in the South and middle Atlantic regions. It notes that in Community Bank of Bergen County in New Jersey offers its unsecured flood relief loan and...

  • Untitled.  // National Mortgage News;11/3/2014, Vol. 39 Issue 8, p1 

    The article offers brief profiles of attorneys working in several financial service industries of the U.S. including the Wolf Firm, HomeBridge Financial Services Inc., and Community Bank of Bergen County. Topics include 40-plus years experience of Robert Jackson in practicing for mortgage...

  • Fannie Mae Selling $1.2B of Nonperforming Loans. Peters, Andy // Nationalmortgagenews.com;10/9/2015, p1 

    Fannie Mae is selling $1.2 billion worth of nonperforming loans, in an attempt to give borrowers other options besides foreclosure.

  • Beset by '07-'09 Claims, FHA Plans Premium Hike. Muolo, Paul // Origination News;Dec2012, Vol. 22 Issue 3, p1 

    The article informs that the U.S. Federal Housing Administration has announced that it would hike insurance premiums by 10 basis points and start selling nonperforming loans at an annual pace of 40,000 units a year, due to hike in the number of claims from residential services on loans in 2007-09.

  • Freddie to Auction $1.2B of Loans, Fannie Sells $1.2B. Peters, Andy // Nationalmortgagenews.com;11/10/2015, p1 

    Freddie Mac has launched an auction of $1.2 billion of nonperforming loans, while Fannie Mae has announced the two winners of its recent auction of $1.24 billion of nonperforming loans.

  • Freddie to Auction $1.2B of Loans, Fannie Sells $1.2B. Peters, Andy // Structuredfinancenews.com;11/10/2015, p1 

    Freddie Mac has launched an auction of $1.2 billion of nonperforming loans, while Fannie Mae has announced the two winners of its recent auction of $1.24 billion of nonperforming loans.

  • Old Line in Maryland Sells $23M in Loans. Davis, Paul // American Banker;11/20/2013, Vol. 178 Issue 178, p6 

    The article reports Old Line Bancshares in Bowie, Maryland sold about $23 million in loans acquired from past acquisitions and notes a November 19, 2013 press release from Old Line's chief executive officer James Cornelsen about selling nonperforming assets.

  • Soft Information in Earnings Announcements: News or Noise? Demers, Elizabeth; Vega, Clara // INSEAD Working Papers Collection;2008, Issue 44, p1 

    This paper examines whether the "soft" information contained in the text of management's quarterly earnings press releases is incrementally informative over the company's reported "hard" earnings news. We use Diction, a textual-analysis program, to extract various dimensions of managerial net...

  • Turning the tide of perceptions together. CALLACHER, SCOTT // Money Marketing;7/30/2015, Issue 1496, p35 

    The article discusses the less amount of trust the public gives to financial advisers, which results from the many misselling scandals and continued and often unfair bad press. Topics mentioned include how the scandals are interpreted by the author as evidence of the success of the regulation...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics