| First Midwest takes reverse stance on mortgage loans
First Midwest Bancorp Inc., one of the Chicago area's biggest locally headquartered banks, has restructured its mortgage practice to reflect a bigger emphasis on reverse mortgages instead of mortgage originations.
"We have a little older clientele, and from time to time, as part of the strategic planning of the bank, we look at the performance and market opportunities of all different areas," Cynthia Lance, executive vice president and corporate secretary, said last week.
"We realized we had a stronger need and impact in the reverse mortgage business, and we restructured that department for its emphasis to be primarily reverse mortgages and not in the origination area."
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Kaufmann Fund bullish on growth in India
Kaufmann Fund's Lawrence Auriana and Hans Utsch, whose bets on the fastest-growing U.S. companies made them top-ranked managers over the past two decades, say India is the future. They have 15 percent of the $11.5 billion mutual fund invested in Indian companies, including mortgage lender Housing Development Finance Corp. and wireless operator Bharti Airtel Ltd. That compares with a 1 percent allocation in Asia's emerging markets for the fund's competitors, according to data compiled by Chicago-based research firm Morningstar Inc. "We're always looking for growth, and the growth right now is going on in India and China," Auriana said in an interview in his New York office. "The valuations aren't as extreme in India as they are in China." Kaufmann Fund rose 21 percent in 2007, more than 87 percent of its peers that concentrate assets in midsize companies with above-average sales or earnings growth, data compiled by Bloomberg show.
Kerry endorses Obama for president
All subsidizes govt rehabs left to rot and abandoned, no hea, no mortgages paid. Thousands of aps. Obama took patronagfe from Rezko for run to State Senate & many hundreds of thousands for US Senate run. Obama is being evasive and untruthful. Co called Rezmar was client of DavisMinerBarnhill&Galland, Obama's firm. Originally when Chicago neswspaper : www. suntimes.com … access articles by Tim Novack What specific community rehabs did Obama work on..when,where,with who, and the result. Press is leaving this alone and am disappointed. Google. Rezko comes to trial 2/15/08 for kickbacks, corruption and fraud. Obama knew him for 17 yrs. Socialized with Neighbor Rezko and wife. .
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