Providence rhode island Mortgage News

Trophy Buildings Get Refinancing, Others Wait
Commercial property lenders are reluctant to venture from major urban centers

Providence area foreclosure rate rises
THE mortgage foreclosure rate in the Providence-Fall River-New Bedford area rose 0.2 percentage points in October 2011 compared with the same period in 2010, CoreLogic said Thursday.

No Takers for Texas as New York City Trophies Find Refinancing: Mortgages
When it comes to the commercial- mortgage bond market these days, location is everything.

Citizens Bank and Charter One Loan Officers Represented By Nichols Kaster, PLLP Bring Action to Recover Their Overtime ...
A class action lawsuit was filed in the Federal District Court of Rhode Island to recover overtime wages for loan officers employed by RBS Citizens and its related entities, Citizens Bank, Charter One, and CCO Mortgage.Providence, RI (PRWEB) January 13, 2012 On January 9, 2012 a class action lawsuit was filed in the Federal District Court of Rhode Island to recover overtime wages for loan ...

Special master to hasten foreclosure negotiations
A judge appoints a former bank president to bring together banks and home owners in an effort to stop foreclosures.

SBA approves $22M in small business loans
(Updated, 4:45 p.m.) PROVIDENCE – Small business loans approved by the U.S. Small Business Administration exceeded $22 million in the last quarter of 2011.

Textron Rises as Forecast Beats Estimates Amid Cessna Demand
Textron Inc. (TXT) climbed the most in more than two years after forecasting higher 2012 profit than analysts estimated amid growing demand for Cessna aircraft and Bell helicopters.

Textron Whizzed Past Estimates
Textron Inc. announced strong fourth quarter 2011 adjusted earnings of 49 cents per share versus 33 cents in the year-ago quarter.