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US Bank Mortgage

US Bank Mortgage - Today's Marketplace on KARE-TV - 1/25/2011

Stocks rise as Morgan Stanley and CSX surge on earnings

"After what appeared to be a slow start for the bank earnings, it does appear that they are building back on the momentum they had when rates were starting to break out," said Dan Deming, managing director at KKM Financial.

CSX also posted stronger-than-forecast profits and sales, sending its shares higher by 7.1 percent. Its gains propelled the industrials sector to a 1.1 percent rise and sent the Dow Transports up by 2.3 percent. United Continental also surged 8.8 percent on stronger-than-expected earnings.

American Express, eBay and IBM are among the companies scheduled to report earnings after the close.

Wall Street has high hopes for this earnings season, with analysts at FactSet expecting S&P 500 earnings to have grown by 20 percent in the second quarter. With just over 9 percent of S&P 500 companies having released their latest quarterly results, earnings have grown 22.1 percent.

"We expect this to continue, but I think we have to focus on the guidance," said Quincy Krosby, chief market strategist at Prudential Financial. "We're about to hear from several large multinationals and we have to listen to what they say about capex and tariffs.

Can a Canadian obtain a mortgage from a US bank for a house in Canada?

With US mortgage rate dropping and a strong Canadian dollar, I am interested in finding out if I can have a portion or all of my mortgage from an American bank. Is this feasible? Please advise.


Yes this is possible many banks lend in multiple countries. This is more prevelant in the residential market.