Banking & Finance
IRVING, Calif. -- Foreclosure and mortgage delinquency rates in the Youngstown-Warren-Boardman Ohio-Pa. metropolitan statistical area decreased for the month of July over the same period last year, according to the latest monthly data from provided by CoreLogic,
The rate of foreclosures for the area was 2.35% in July, down 1.17 percentage points from July 2013’s 3.52%. The MSA’s July foreclosure rate was higher than the national rate for the month, 1.66%. In Ohio, 1.63% of loans were in foreclosure in July, down 0.83% from 2.46% in July 2013.
YOUNGSTOWN, Ohio -- United Community Financial Corp., holding company of The Home Savings Loan Company, announced Ellen J. Tressel as the newest member of both the UCFC and Home Savings board of directors. Her appointment is effective Oct. 1.
In the news release, issued Monday afternoon, UFCF and Home Savings cited Tressel’s long tradition of community involvement, including 14 years in the financial services industry and several years as an active board member for charitable organizations.
COLUMBUS, Ohio -- The Ohio Housing Finance Agency has named Huntington Bank its most valuable player for closing $12.1 million in mortgages to low- to moderate-income families between July 1, 2013, and June 30, a fivefold increase over the preceding 12 months, a bank spokesman reported Friday.
The bank is also the recipient of the agency’s “Grand Slam” award for closing the most “Grants for Grads” loans -- home equity loans at no interest -- $4.1 million during the same 12 months.
WASHINGTON -- Unemployment will fall to 5.7% next year and inflation will rise a tad as the economy rebounds to 3.0% growth in an environment of greater volatility.
That’s the consensus of 46 macro-economists who responded to a survey conducted between Aug. 25 and Sept. 9 for the National Association for Business Economics, the results of which were released today.
IRVINE, Calif. -- Sales of new vehicles are expected to increase 9.1% year-over-year to 1.24 million units, resulting in a project adjusted annual rate of 16.4 million seasonally adjusted.
Based on the robust sales pace of the last few months, Kelley Blue Book is adjusting its sales outlook for 2014 upward by 100,000 to 16.4 million.
- Economists Foresee 3% Growth, Volatility in 2015 - September 29, 2014
- New Vehicle Sales Projected to Climb 9% - September 26, 2014
- SBA Economic-Injury Disaster Loans Available - September 25, 2014
- Last CEO of First Place Named COO of Talmer - September 24, 2014
- KeyCorp's Mooney: Most Powerful Woman in Banking - September 23, 2014
- Sales of Houses Slip as Investors Withdraw - September 23, 2014
- 21 Offices in Maryland Open as First National Bank - September 22, 2014
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