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Bank Of America Minority Home Loan Settlement - $335 Million

Bank Of America has agreed on a $335 million dollar settlement after claims that it's Countrywide Financial unit gave higher interest rate ...

Aeon and The Community Development Trust complete the $36 ...

Minneapolis, Sept. 21, 2017 (GLOBE NEWSWIRE) --

State Housing Commissioner Mary Tingerthal today announced that more than 400 low-income families, including approximately 200 preschool children and 250 school-age students, will no longer face potential displacement from their homes following the $36 million purchase of the 422-unit Seasons Park Apartment affordable housing complex in Richfield by Minneapolis-based nonprofit Aeon and The Community Development Trust (CDT).

“Today is a great day for Minnesota and for the City of Richfield as we are all well aware of the critical need for affordable housing in the Twin Cities,” Tingerthal said during a news conference at the Seasons Park community room to celebrate the acquisition.

“I am confident the Aeon-CDT partnership is going to be a great collaboration between two outstanding companies because they understand the importance of how affordable housing and quality schools fit within the social fabric of a community,” she said. “Most important, the people who live here can now enjoy the peace of mind that comes with knowing they can afford to continue calling Seasons Park their home.

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Sees Significantly Lower Trading Volume

(NASDAQ:PBHC) shares saw light trading volume with 300 shares changing hands on Thursday. Overall, volume was down 88.00% under the stocks normal daily volume.

Short traders are more bearish on the company recently as implied by the increase in short interest. The firm recorded a rise in short interest of 78.56% as of August 31, 2017 from the last reporting period. Short shares increased 1,037 over that period. The days to cover increased to 3.0 and the percentage of shorted shares is 0.00% as of August 31.

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) has been the object of insider buying activity recently. VP Walter Rusnak purchased 825 shares at an average price of $15.59 on Mon the 11th. Rusnak now owns $25,724 of stock as recorded in a recent Form 4 SEC filing.

Additionally, here are a few investment firms who have increased or decreased their stake in (PBHC). Tower Research Capital LLC (trc) bolstered its ownership by buying 106 shares an increase of 662.5% from 03/31/2017 to 06/30/2017. Tower Research Capital LLC (trc) now holds 122 shares valued at $2,000. The total value of its holdings increased inf%. Blackrock Inc. divested its investment by selling 177 shares a decrease of 24.8%. Blackrock Inc. controls 536 shares with a value of $8,000. The value of the position overall is down by 20.0%.

Why did Bush ask/order fannie mae to make 440 BILLION in home loans to minorities in 2002?

I keep seeing the same lies being posted by republicans.
The govt can not force a bank to make a risky loan.
Republicans controlled congress 12 years from Jan 1995 to Jan 2007. They write or change the laws that banks have to follow.

Are you crazy.......He did not. That was all the Democrats doing. Check out what Maxine Waters said when Bush wanted oversight of FM&FM. Don't be so stupid. Research it.