AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Home Federal Bancorp Will Sell Servicing Rights.(Brief article)
COLUMBUS, IN -- Home Federal Bancorp here plans to restructure part of its balance sheet by selling "substantially all" of its mortgage servicing portfolio.
The company also said it will sell a portion of its investment portfolio and issue trust-preferred securities as part of the rebalancing.
The company has retained Sandler O'Neill Mortgage Finance as its exclusive agent to facilitate the sale of its $537 million mortgage servicing portfolio. The company said in late August that the portfolio had a carrying value of $2.7 million.
Home Federal, parent of HomeFederal Bank of Columbus, said it intends to complete the sale during the fourth quarter. Last week, CEO John Keach told MSN that the timing of the sale will depend on market conditions, but that the company still hopes to make the sale ...
- Home Federal Bancorp Will Sell Servicing Rights.
- News wire article from: Mortgage Line November 20, 2006 700+ words
...COLUMBUS, IN -- Home Federal Bancorp here plans to restructure...substantially all" of its mortgage servicing portfolio. The company...sale of its $537 million mortgage servicing portfolio. The company...of credit. (c) 2006 Mortgage Servicing News and SourceMedia...
- First Federal Bancorp Reports Solid Increase in Third Quarter Earnings.
- Press release article from: PR Newswire July 19, 2001 700+ words
...Officer of First Federal Bancorp, Inc. (Nasdaq...recognition of income from mortgage servicing rights further enhanced...fiscal 2001." First Federal Bancorp, Inc. is the parent...Treasurer, First Federal Bancorp, Inc., at (740...
- Home Federal Bancorp Announces First Quarter Earnings.
- Press release article from: Business Wire April 16, 2003 700+ words
...April 16, 2003 Home Federal Bancorp (the "Company...value of originated mortgage servicing rights. The originated mortgage servicing rights asset is reviewed...as an expense to mortgage servicing income over the life...
- Home Federal Bancorp Announces Balance Sheet Restructuring Strategies.
- Press release article from: PR Newswire August 31, 2006 700+ words
...Home Federal Bancorp (the "Company...its current mortgage servicing portfolio...sell the mortgage servicing portfolio...valuation of mortgage servicing rights suggest...presented. Home Federal Bancorp undertakes...
- First Federal Bancorp Announces Improved Second Quarter Results.
- Press release article from: PR Newswire April 21, 2004 700+ words
...Officer, First Federal Bancorp, Inc. today...benefited from mortgage servicing rights...impaired mortgage servicing rights versus...impaired mortgage servicing rights were...of First Federal Bancorp's common...
- Home Federal Bancorp Announces Second Quarter Earnings.
- Press release article from: Business Wire July 18, 2003 700+ words
...July 18, 2003 Home Federal Bancorp (the "Company...to the originated mortgage servicing rights asset. The originated mortgage servicing rights asset is...as an expense to mortgage servicing income over the...
- Home Federal Bancorp Announces First Quarter Earnings and Stock Repurchase...
- Press release article from: Business Wire April 26, 2004 700+ words
...April 26, 2004 Home Federal Bancorp (the "Company...charge for originated mortgage servicing rights being $170,284...year ago. The originated mortgage servicing rights asset is reviewed...amortized as an expense to mortgage servicing income over the life of...
- Home Federal Bancorp Announces Third Quarter Earnings.
- Press release article from: Business Wire October 16, 2003 700+ words
...16, 2003 Home Federal Bancorp (the "Company...to the originated mortgage servicing rights asset. The originated mortgage servicing rights asset is...as an expense to mortgage servicing income over the...
- Home Federal Bancorp Announces 2003 Results.
- Press release article from: Business Wire January 27, 2004 700+ words
...27, 2004 Home Federal Bancorp (the "Company...value of originated mortgage servicing rights. The originated mortgage servicing rights asset is reviewed...as an expense to mortgage servicing income over the life...
- First Federal Bancorp Reports First Quarter Results.
- Press release article from: PR Newswire January 22, 2003 700+ words
...Executive Officer, First Federal Bancorp, Inc. , today reported...recognition of impaired mortgage servicing rights in accordance with...125, which requires that mortgage servicing rights be reviewed regularly...period last year. First Federal Bancorp, Inc. is the ...
Source: HighBeam Research, Home Federal Bancorp Will Sell Servicing Rights.(Brief article)