August 27, 2011
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Posted by Clarence Carrillo
Market Monitor is a weekly analysis of U.S. and world commodities markets and the impact these markets have on producers in Oklahoma.
Categories: Financial Advisor
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Tags: Analysis
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August 26, 2011
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Posted by Richard Bledsoe
Quiktrak, Inc., a global leader in field inspection and inventory auditing services, announced they have entered into an agreement with Fifth Third Bank to provide field auditing services for its floorplan lending business. Utilizing their Revoquest system, Quiktrak will be performing audits in the field while Fifth Third Bank will take advantage of the technology to enhance efficiencies, analyze risk, and report completed audit results.
Fifth Third Bank’s dealer commercial services group provides a full range of commercial banking services to automotive, marine, motorcycle, RV and heavy-duty truck dealers. “We are very excited to be working with one of the banking industry’s premier brands,” said Greg Froomer, CEO of Quiktrak. “We fee
Categories: Financial Category
| Tags: Fifth Third, Fifth Third Bank, Services, Third Bank
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August 25, 2011
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Posted by Kay Barksdale
The mortgage delinquency rate increased slightly from the first quarter (Q1) of 2011 to the second quarter (Q2) of 2011, according to the Mortgage Bankers (MBA) association. The MBA’s National Delinquency Survey revealed that the Q2 2011 mortgage delinquency rate of 8.44 percent is an increase of 12 basis points from Q1. “While overall mortgage delinquencies increased only slightly between the first and second quarters of this year, it is clear that the downward trend we saw through most of 2010 has stopped,” Jay Brinkmann, MBA’s Chief Economist, said in a statement. “Mortgage delinquencies are no longer improving and are now showing some signs of worsening.” The Q2 delinquency rate of 8.44 percent was a decrease of 141 basis points from Q2 of 2010, the MBA said. In addition
Categories: Financial Category
| Tags: Rise Slightly, Slightly
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August 25, 2011
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Posted by Richard Bledsoe
BUFDG, NWUA, and UUK had an enlightening meeting with David Malpass from The Department for Communities and Local Government (CLG) to discuss the historic and prospective ERDF funding situation.
David was sympathetic to the difficulties experienced by HEIs. Of course, his team are going through a major transition, whereby the local RDA ERDF teams have all transferred to CLG, and will now work as a single team. In the short term some disruption to normal service is inevitable as a result of this reorganisation. However, once the new team has bedded in, this should improve consistency in approach.
We have gathered evidence that a significant number of you are very frustrated with the process and perceived in consistencies.
Categories: Financial Category
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August 25, 2011
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Posted by Clarence Carrillo
Pan American Silver Corp. (PAAS: NASDAQ; PAA: TSX) has on Friday announced that the Toronto Stock Exchange has accepted the company’s notice of its intention to make a normal course issuer bid to purchase up to 5,395,540 of its common shares, representing up to 5% of Pan American’s issued and outstanding shares as of August 24, 2011.
Purchases pursuant to the bid will be made on the open market through the facilities of the TSX and the Nasdaq Global Select Market. The period of the Bid will begin on September 1, 2011 and will continue until August 31, 2012 or an earlier date should the company complete its purchases.
Pan American will pay the market price at the time of acquisition of any common shares in accordance with the rules and policies of the TSX and NASDAQ and applicable securities laws. All
Categories: Financial Advisor
| Tags: American Silver, Pan American, Pan American Silver, Tsx
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