First Quarter EPS Increased 44.4%
Quarterly Cash Dividend Increased to $0.15 Per Share
PARAMUS, N.J., April 21 /PRNewswire-FirstCall/ - Hudson City Bancorp, Inc. (NASDAQ: HCBK) , the holding company for Hudson City Savings Bank, reported today that net income for the first quarter of 2009 increased 44.0% to $127.7 million as compared to $88.7 million for the first quarter of 2008. Diluted earnings per share increased 44.4% to $0.26 for the first quarter of 2009 as compared to $0.18 for the first quarter of 2008. The Board of Directors declared a quarterly cash dividend of $0.15 per share, a 7.1% increase as compared to $0.14 per share from the prior quarter.
For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at http://www.ournjhouse.com & www.OurBergenCountyHouse.com
Paramus NJ Recent Real Estate Sales
Posted on April 16th, 2009 Carmelo No comments
As of 4-15-2009 Paramus NJ has 121 Active Properties for Sale, 15 Properties Under Contract and 9 Closed and Sold the Past Month. If you are looking to get in to a great town with great schools and conveniently located, NOW IS THE TIME AMPLE INVENTORY TO PICK FROM AND SOME AMAZING DEALS!!!!
For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at http://www.ournjhouse.com
A Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford.
Question 1: In utilizing the Loan Modification option to bring an asset current, can the mortgagee include all fees and corporate advances?
Answer: Mortgagee Letter 2008-21 states in part: Legal fees and related foreclosure costs for work actually completed and applicable to the current default episode may be capitalized into the modified principal balance.
Question 2: May a mortgagee perform an interior inspection of the property if they have concerns about property condition?
Answer: Yes, the mortgagee may conduct any review it deems necessary to verify that the property has no physical conditions which adversely impact the mortgagor's continued ability to support the modified mortgage payment.
Question 3: Can a mortgagee include late charges in the Loan Modification?
Answer: Mortgagee Letter 2008-21 states that accrued late charges should be waived by the mortgagee at the time of the Loan Modification.
Question 4: When utilizing a Loan Modification option, can a mortgagee capitalize an escrow advance for Homeowner's Association fees?
Answer: HUD Handbook 4330.1 REV-5, Paragraph 2-1, Section B, Escrow Obligations states: Mortgagees must also escrow funds for those items which, if not paid, would create liens on the property positioned ahead of the FHA-insured mortgage.
Question 5: Is there a new basis interest rate which mortgagees may assess when completing a Loan Modification?
Answer: Yes, Mortgagee Letter 2008-21 states that the new basis interest rate is 200 points above the monthly average yield on U.S. Treasury Securities, adjusted to a constant maturity of 10 years.
Question 6: Will HUD subordinate a Partial Claim, should a mortgagor subsequently default and qualify for a Loan Modification?
Answer: If a mortgagor subsequently defaults and qualifies for a Loan Modification, HUD will subordinate the Partial Claim.
Question 7: Are mortgagees required to perform an escrow analysis when completing a Loan Modification?
Answer: Yes, mortgagees are to perform a retroactive escrow analysis at the time the Loan Modification to ensure that the delinquent payments being capitalized reflect the actual escrow requirements required for those months capitalized.
Question 8: Is the mortgagor eligible for the upfront premium refund at payoff of a modified loan?
Answer: It depends upon when the closing date occurred. For assets closed:
After July 1, 1991 but before January 1, 2001, the 7-year unearned premium refund schedule shown in Mortgagee Letter 1994-1 remains in effect,
On or after January 1, 2001 that are subsequently refinanced, the 5-year refund schedule shown in the attachment of Mortgagee Letter 2000-46 applies, or
On or after December 8, 2004, refunds of upfront MIP are eliminated except, when the mortgagor refinances to another FHA insured mortgage. The refund schedule attached to Mortgagee Letter 2005-03 has been modified to a 3-year period.
Question 9: Can a mortgagee qualify an asset for the Loan Modification option when the mortgagor is unemployed, the spouse is employed, but the spouse name is not on the mortgage?
Answer: Based upon this scenario, the mortgagee should conduct a financial review of the household income and expenses to determine if surplus income is sufficient to meet the new modified mortgage payment, but insufficient to pay back the arrearage. Once this process has been completed the mortgagee should then consult with their legal counsel to determine if the asset is eligible for a Loan Modification since the spouse is not on the original mortgage.
For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at http://www.OurNJhouse.com
Fairway Market Open In Paramus NJ
Posted on April 4th, 2009 Carmelo No comments
Hundreds of shoppers lined up armed with their green shopping carts, hours before the store opened, to step into Fairway, which according to its motto, is "Like no other market."
" The price is the draw right now because my husband is unemployed and I'm trying to save," said shopper Maria from New Milford who stood at the front of the line of eager customers looking for deals.
There is a large and varied organic food section and shoppers also can find a wide variety in the deli, prepared food, and fresh meat and fish departments.
Fairway has an extensive kosher section, a kosher butcher on staff and a rabbi on the premises, which makes this week's opening especially timely with Passover less than two weeks away.It also carries a full selection of national brands,but has few of the less expensive store brands, which are big at other traditional supermarket chains.
Gov. Jon Corzine says the new store is a sign of confidence in the Garden State economy by "inviting 350 people or more to get jobs at a very tough time."
For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at http://www.ournjhouse.com
Spring time is right around the corner and buyers are looking for great deals. If you are looking to sell this spring this is the time to prepare
1) Do spring cleaning and get rid of clutter
2) use your current furniture to stage your home
3) touch up any painting or molding
4)Shampoo carpets or expose hardwood floors
5) Hire a realtor to professional price your home and market it for TOP DOLLAR
In todays depreciating market it is imperative a homes looks great and is priced even better, you need to create perception of the best deal in town to net top dollar. Just being a home for sale on the market isnt going to cut it, it needs to be the nicest and best priced home to attract buyers and offer.
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Many agents as I call them are DOOR OPENERS anyone can do that. When you work with me you get an experienced agent that can negotiate and MAKE A DEAL and make the dreams of homeownership a reality.
Is your House still on the Market? Looks as if its never going to SELL?
What is your agent doing for you? Creativity, Persuasion, negotiating and marketing are key ingredients when it comes to selling a home. Most agents take your listing post it on the MLS and hope some other agent is going to show it. Always ask an agent, what is your marketing approach to sell my home? We have designed a marketing plan to attract buyers from all over the tri-state area. It has been statistically proven that NYC real estate is extremely expensive to own and many New Yorkers are moving to NJ to make their dream of home ownership possible, and many NJ residents have found NJ to be too expensive and they are moving westward to PA or South to make there dreams of homeownership come true. Knowing this, we advertise in many NYC local newspapers that drive many NYC buyers to NJ. Ask yourself would you rather have a $600K studio apt in NY or $600K 3br 2bth home with land only minutes away from work. Below are some of the marketing strategies we implement to sell your property. When you are ready to sell, YOU KNOW WHOM TO CALL 1) Property goes on the MLS where other agents see the listing (usually where agents stop advertising) 2) Listed on our site www.OurNJHouse.com and www.ColdwellBankerMoves.com which are search engine optimized (77% of initial home searches start online) 3) 400-500 emails a month go out to numerous NYC corporation executives advertising your property and our websites. 4) Run ads in Kearny Journal, Observer, NY Observer, NY Sun, NY Press, Village Voice, Bergen Record, Star Ledger advertising our sites and driving customers to your property 5) Mostly importantly networking with other agents to make the transaction smooth resulting in a quick close. When you are serious about listing your home don’t just pick any agent, pick one that is really going to work for you and CLOSE THE DEAL!
Do you have any good testimonials that clients have provided you in the past? Be sure to add them here.
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