Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: orkrious who wrote (62768)	1/26/2007 1:21:16 PM
From: mishedlo	Read Replies (2) of 116555

Millennium Bankshares shutting down mortgage business biz.yahoo.com Millennium Bankshares will wind down its mortgage banking business to focus solely on core banking services, the company announced Thursday. Bank officials say they will delay the release of their year-end financial results until they can determine the costs that will be incurred to close down the mortgage subsidiaries. The charges would be taken in the fourth quarter of 2006, according to the Reston-based bank, which has seven branches in Virginia, including five in Northern Virginia. "We were concerned about future volatility in earnings as a result of the soft housing market and wanted to eliminate, going forward, the risks normally associated with mortgage banking activities," says Carroll Markley, Millennium's CEO, in a statement. ...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next