home equity loan company
Home Federal Bancorp, Inc. of Louisiana Declares Quarterly Cash ...
SHREVEPORT, La.--(BUSINESS WIRE)--July 14, 2006--Home Federal Bancorp, Inc. of Louisiana (the "Company") (OTCBB:HFBL) announced today that its Board of Directors at their meeting on July 12, 2006, declared a quarterly cash dividend of $.06 per share on the common stock of the Company payable on August 14, 2006 to the shareholders of record at the close of business on July 26, 2006.
Home Federal Bancorp, Inc. of Louisiana is the "mid-tier" holding company for Home Federal Savings and Loan Association, a federally-chartered, FDIC-insured savings association headquartered in Shreveport, Louisiana. Home Federal Savings and Loan Association operates from its main office and two branch offices in Shreveport, Louisiana. At March 31, 2006, the Company had $115.2 million of total assets, $85.1 million of total liabilities and $30.1 million of shareholders' equity.
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Sacramento Residents Reducing Home-Equity Loan Use
(AP) SACRAMENTO Sacramento-area residents have reduced their use of home-equity loans at twice the rate of Californians as a whole in the early months of 2006, according to a new report. After area home-equity borrowing hit $7.6 billion in 2005, it fell by about 10 percent between January and April this year, according to DataQuick Information Systems, a La Jolla-based housing consultant. Statewide, borrowing fell by half that amount -- about 5.2 percent. The company examined property records in eight counties in the Sacramento area, with the most extreme borrowing decline taking place in Sutter County -- a drop of 41.7 percent from early 2005 to early 2006. Home values in the area are significantly lower than they were during the second half of 2005, and interest rates are up. Analysts say these factors could be to blame for the diminishing market for home-equity loans.