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Paul Hudson: Targeting an Under-served Market
Paul Hudson is Chairman and CEO of Broadway Federal Bank, the only publicly traded African American-focused bank west of the Mississippi. Broadway has carved a niche by marketing to churches and religious groups, a strategy that has enabled this regional player to succeed in the face of competition...
Tags: niche marketing, Broadway Federal Bank, finance, churches, loans, Management, Financial Services, Marketing Research, Strategy, Paul Hudson
Videos 2008-03-08
How Large A Line Of Credit Can I Obtain?
To calculate the maximum home equity line of credit you can obtain, find the maximum Combined Loan-To-Value CLTV ratio the lender will consider. Loans are the sum of the amount of the proposed credit line plus the balance of any outstanding mortgage debt. Value is usually appraisal value, which is...
Tags: Equity, Kiplinger Washington Editors, Loans, Investment, Financial Services, Finance
Tools & templates 2008-01-01
Repeat After Me: Falling Home Values Hurt Auto Sales
Your home is your castle, but if your castle has stopped appreciating in value like it was, that makes it tougher to take out a home equity loan to buy a new car. That's what thousands of people are learning the hard way, in formerly high-flying markets in California and...
Tags: Payment, Home Equity, Loans, Sales Strategy, Operational Accounting, Financial Accounting, Sales Force Management, Sales, Finance, Jim Henry
Blog posts 2008-09-06

Additional Resources

Loans to be recovered
Christopher has created undue distress on his colleagues by his act. From the management's point of view, the distress experienced by staff might have affected their morale and productivity. The company could issue a warning letter to Christopher, prohibiting further borrowing. The company could also attempt to recover some of...
Articles 2008-12-01
Conduct anti-gambling seminars
Electrode Inc shouldn't involve itself into this situation of staff borrowing money from others within the organisation. It's a personal issue. The company has no right to dismiss Christopher Marcus within 24 hours. It was being too impulsive and harsh to Christopher. This has greatly affected the employees' morale. ...
Articles 2008-12-01
Loan policies should be spelt out
Electrode Inc was wrong to dismiss Christopher immediately. They may have moral grounds for termination. The HR department should have been more proactive by counseling Christopher before the situation exploded. The counseling process should include verbal and written warnings and making the borrower repay the loans. Termination is...
Articles 2008-12-01
Debts must be settled first
Besides his bad habits, Christopher could have been a good worker. Since he was an employee of the company, the company has an obligation to help Christopher to pay his debts. Instead of immediate dismissal, which would mean all his colleagues' loans would be unrecoverable, he should be given a...
Articles 2008-12-01
Never allow problem to fester
Electrode Inc was right in dismissing Christopher because if they had dithered, then there was the danger of more staff falling victims to his borrowings. Worse still, Christopher may have undermined the company by moonlighting with rival organisations, or tapping into Electrode's revenues. Manager KK Ong was right...
Articles 2008-12-01
Beattie strikes to delight Palace as Pardew's soft touch backfires
CRYSTAL PALACE 1 CHARLTON ATHLETIC 0 Craig Beattie rode into south London last night, a hired gunslinger from distant parts, and settled this local derby with a clinical finish. Beattie, on loan from West Bromwich Albion, marked his home debut for Crystal Palace with his first...
Articles 2008-10-01
American real-estate market hit by sharpest ever annual drop in
An end to the American housing recession, something that many observers regard as essential to ending the credit crunch, seemed little closer yesterday, with US real estate prices falling by the sharpest annual rate ever in July, though the monthly rate of decline is slowing. The Standard...
Articles 2008-10-01
FIMAC Hires Former Credit Union V.P. as Special Projects Manager
FIMAC Solutions, LLC ,risk management and profitability experts serving banks and credit unions,announced that Grant W. Doner, who previously served as Vice President ofthe Indian River Federal Credit Union in Vero Beach, Florida, has beenhired as Special Projects Manager. Doner will initially focus on improvement and development of FIMAC's ...
Articles 2008-10-01
Prospect Capital Announces 86% IRR on Realization of Net Profits Interests in IEC and ARS for $12.6 Million, Worth 43 Cents per Share of Incremental Revenue to Prospect
Prospect Capital Corporation (NASDAQ: PSEC)("Prospect") announced today that IEC Systems LP ("IEC") and Advanced RigServices LLC ("ARS") have purchased Prospect's net profits interests("NPIs") in IEC and ARS for a combined $12.6 million, equivalent toapproximately 43 cents per Prospect share of incremental revenue toProspect. As of September 30, 2008, Prospect has...
Articles 2008-10-01
You are to blame for credit crisis
Unless you have been on another planet for the last month, you know about the credit crisis in America. If you have been paying attention to the coverage, you have heard several reasons for the crisis -- big firms on Wall Street, the Bush administration, fat cats in New York,...
Articles 2008-10-01
'Will inheritance tax put paid to our grandson's deposit?'
House Doctor Question: Our 31-year-old grandson is getting married soon and we want to help him get on the property ladder, but don't know the tax rules for handing him a lump sum for a deposit. We'd like to give him 15,000 of our savings but...
Articles 2008-10-01
B&B deal sparks mortgage product withdrawals
THE NUMBER of mortgage products available in Britain fell by more than 11 per cent between Monday and Tuesday, as the intensifying financial crisis prompted dozens of lenders to withdraw their most competitive rates, giving brokers and customers just a few hours' notice. By yesterday morning, 3,469...
Articles 2008-10-01
Victoria and Gateway Sign Definitive Agreement to Complete Victoria's Acquisition of Gateway
Victoria Gold Corp. (TSX VENTURE: VIT) ("Victoria") and Gateway Gold Corp. (TSX: GTQ) ("Gateway") are pleased to confirm that, further to each of their press releases dated August 19, 2008 and September 23, 2008, they have entered into an arrangement agreement (the "Arrangement Agreement") to complete their previously announced friendly...
Articles 2008-10-01
CalHFA Comments on Moody's Report
SACRAMENTO, Calif. -- The California Housing Finance Agency today commented on the announcement by Moody's Investors Service that it has placed the Agency's Aa3 issuer rating on review for possible downgrade due to concerns about declining home prices in California and uncertainty related to the current volatility in the municipal...
Articles 2008-09-30
McCain errs on economic fundamentals
"Fundamental" economic change is needed now! When I heard John McCain remark that the "fundamentals of our economy are strong," I was stunned. His statement was so divorced from the stark reality that most American families face today. Although when you consider the statement from his...
Articles 2008-09-30
Bombardier Teams With City of Vancouver for Streetcar Demonstration During 2010 Olympic and Paralympic Games
Bombardier Transportation announced today that it has signed a sponsorship agreement with the City of Vancouver to provide up to two BOMBARDIER FLEXITY Outlook streetcars for the City's Downtown Streetcar 2010 Demonstration Project during the Vancouver 2010 Olympic and Paralympic Winter Games. Bombardier will also provide operations and maintenance services...
Articles 2008-09-30
San Mateo County group wants bailout package to help homeowners
SOUTH SAN FRANCISCO -- As Congress continues to wrestle with how to save Wall Street, a watchdog group is working to protect people close to losing their homes. The Association of Community Organizations for Reform Now, or ACORN, is demanding that Treasury Secretary Henry Paulson bring about...
Articles 2008-09-30
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