100 Credit Financing Mortgage Poor

Franklin Bank Corp.'s Earnings Increased 16%

HOUSTON, July 25 /PRNewswire-FirstCall/ -- Franklin Bank Corp. (Nasdaq: FBTX - News; Franklin or Company), the parent company of Franklin Bank, S.S.B., today announced earnings of $.33 per diluted common share for the second quarter of 2006, in line with analysts' consensus, and a 16% increase from the same quarter 2005. President/CEO Anthony J. Nocella stated that the second quarter performance was primarily due to a 56% increase in commercial loans and a 54% increase in community banking deposits, as compared to the second quarter 2005.

"I am very pleased with this quarter's performance," Nocella said. "We met most of our internal goals despite the very difficult interest rate environment. One of the most significant accomplishments was that we raised $86.3 million in Non-Cumulative Perpetual Preferred Stock -- this included over $10 million in additional funds from the exercise of the over-allotment option.

Equifax Reports Solid, Broad-Based Results With Record Revenue in ...

Equifax Inc. today reported second quarter of 2006 earnings with record revenue. In the quarter ended June 30, revenue was $387.7 million, a 7 percent increase from the second quarter of 2005. Net income was $69.6 million, an 11 percent increase from the same quarter in 2005. Diluted earnings per share totaled $0.53, a 13 percent increase from the second quarter of 2005.

On a non-GAAP basis, excluding the impact of certain litigation matters in the second quarter of 2006 and the incremental impact of adopting Statement of Financial Accounting Standards No. 123(R), "Share-Based Payment" ("SFAS 123R"), net income was $66.5 million, a 6 percent increase from the second quarter of 2005, and diluted earnings per share totaled $0.51, an 8 percent increase from the second quarter of 2005.

Rejected applicants look to bad credit loans

Applicants rejected by high street banks are turning to bad credit loans as new figures reveal the amount of people being turned down. Borrowers are facing a lottery when it comes to loan applications, with only a quarter of potential borrowers were approved straight away and a further 17 per cent being offered a higher rate than what they hoped for. "Most customers will be shocked to discover how high the immediate decline rate is," said Stuart Glendinning, managing director of moneysupermarket.com, which carried out the research. APR "typical loan rates" must be offered to two thirds of borrowers under current rules, many firms, particularly big banks, are avoiding putting rates in adverts. This results in people apply for loans without knowing what they'll be offered, risking rejection and further adding to any poor credit rating.

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