|
COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO
BRAD GOODE, CNBC ANCHOR: The raging real estate market fueling a frenzy of activity in the mortgage business as you are well aware, but with interest rates expected to rise, banks are being forced to balance the related risks to their businesses. Joining us now with his outlook is Ronald Hermance, chairman and CEO of Hudson City Bancorp.
Good morning, nice to have you here.
RONALD HERMANCE, CEO, HUDSON CITY BANCORP.: Thanks, Brad, nice to be here.
GOODE: First of all, let`s start with the headline good news with your bank. Stock is up 14 percent, profit margins at well over 48 percent. If you will, here, assess the trends you are seeing on the mortgage side of business as it pertains to your regional bank.
HERMANCE: Sure, well, Brad, you know,...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
