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FHLBank Cincinnati Awards $6.1 Million for Affordable Housing in Ohio

CINCINNATI -- Federal Home Loan Bank of Cincinnati President and CEO David H. Hehman and Sen. Sherrod Brown today announced more than $6.1 million in funding for 12 affordable housing projects in Ohio.
biz.yahoo.com

Mortgage rates continue to drop

National mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy. Rates in Greater Cincinnati, meanwhile, set a new 25-year low for the third time in the last eight weeks.
news.cincinnati.com

Canton YWCA homeless project gets federal support

The permanent supportive housing project of the Canton YWCA will receive a $1 million grant from the Federal Home Loan Bank of Cincinnati. The funding will go toward a roughly $7 million apartment complex for the homeless to be called Gateway House II.
www.cantonrep.com

Business briefs

SEATTLE #8212; Dell is walking away from a bidding contest with rival Hewlett-Packard Co. for data-storage maker 3Par. Dell said Thursday it won't match HP's offer to pay $33 per share for 3Par, or about $2.07 billion.
www.news-sentinel.com

First Financial prepays $232M in FHLB advances

(AP:CINCINNATI) First Financial Bancorp said Monday it has prepaid $232 million in Federal Home Loan Bank advances. The company assumed the advances as part of Federal Deposit Insurance Corp.-assisted transactions it conducted in the third quarter of 2009.
news.ino.com

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