Category Archives: Banks

Presidio Bank adds Katie Seedman

SAN FRANCISCO–(BUSINESS WIRE)–Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today announced that it has hired long-time Palo Alto banker, Katie Seedman, as Senior Vice President/Relationship Manager in the Mid-Peninsula Regional Office. “Katie is well-known for her warm and … Continue reading

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Federal Home Loan Bank of San Francisco / Announces Cost of Funds Index

SAN FRANCISCO–(BUSINESS WIRE)–The Federal Home Loan Bank of San Francisco announced July 29, 2011, that the 11th District Monthly Weighted Average Cost of Funds Index (“COFI”) for June 2011 is 1.338%. The index for May 2011 was 1.360%. The COFI … Continue reading

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The LIBOR Loan – Buyer Beware

There are a lot of people in trouble because they got themselves into a Libor Mortgage Loan or the equivalent.  LIBOR loans are adjustable rate mortgages (ARM) whose interest rate is tied to the one-month LIBOR index. At one time … Continue reading

Posted in Adjustable Rate Mortgage, adjustable rates, ARM, Banks, basis points, California Home Loan Rates, City of Valley Village, LIBOR, LIBOR Loan, LIBOR Mortgage Loan, London InterBank Offered Rate, mortgage holders | 4 Comments