Mortgage and Financial News From 2008-2-12 Page 56

Previous Day: 2008-02-11

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• Statement by Secretary Henry M. Paulson, Jr. on New Private Sector Effort to Reach Homeowners Facing Foreclosure (United States Department of the Treasury)

  Good morning. Thank you, Secretary Jackson, for joining us.
  2008-02-12 09:06:59

• Finance C'tee expected to support Fischer on dollar (Globes Online)

  C'tee members will be required to comment on-the-record on the bill to limit the Bank of Israel's independence.
  2008-02-12 09:24:17

• IOU Central launches online lending platform (Investment Executive)

  IOU Central, a person-to-person online lending system, launched its website today. The site is an Internet-based system that allows people to borrow and lend money directly from and to other people.
  2008-02-12 09:38:14

• Stocks Rise As Credit Concerns Ease (The San Francisco Examiner)

  NEW YORK ( Map , News ) - Wall Street surged higher Tuesday after billionaire investor Warren Buffett offered to help out troubled bond insurers, easing some of the market's concerns about further deterioration in the credit markets. The Dow Jones industrials rose about 190 points.
  2008-02-12 09:39:04

• UPDATE: Mortgage lenders, Bush administration announce new anti-foreclosure plan (The Forex Market)

  WASHINGTON (Thomson Financial) - Six of the biggest U.S. mortgage lenders Tuesday announced another anti-foreclosure plan in cooperation with the Bush administration.
  2008-02-12 09:50:49

• UPDATE 1-Saudi Telecom says to borrow $2.6 bln for Oger buy

  Reuters - Moody's Investors Service also assigned A1 long term local and foreign currency issuer ratings to Saudi Telecom. "After the ratings, we will study the issue of sukuk to finance any company needs or refinance these loans when the market is ready ...
  2008-02-12 01:16:00

• CORRECT: Australia's Macquarie Fortress fund may struggle to refinance ...

  Forbes - SINGAPORE (Thomson Financial) - A unit of Australia's leading investment bank Macquarie Group Ltd said a leveraged fund it manages may not be able to refinance debts before existing financing arrangements mature. The trustee of the Macquarie Fortress ...
  2008-02-11 09:34:00

• Union Dental Enters Into an Engagement With vFinance to Act as Agent ...

  MSN MoneyCentral - ... Inc. of Boca Raton, Florida, to act as exclusive agent on their behalf in raising capital required for the expansion of its Coral Springs facility, acquire a facility and practice in Charlotte, North Carolina, reduce certain debts and refinance ...
  2008-02-12 04:37:00

• Help for Homeowners Facing Foreclosure

  ABC News - He has sought to refinance his adjustable rate mortgage with three different lenders but was rejected by two, and it's unclear whether he'll be able to get any help from the third. The father of three, has admittedly poor credit and is worried that ...
  2008-02-12 06:03:00

• Spain's Sol Melia's ratings withdrawn at company request - S&P

  CNBC - The group has recently put in place some additional bank financing which, together with existing cash resources, should enable it to refinance the Sol Melia Europe issue due in November, S&P said. TFN.newsdesk@thomson.com ans/jro COPYRIGHT Copyright ...
  2008-02-12 08:26:00

• Consolidated Comms 130 mln usd senior notes upgraded to 'BB-' from 'B ...

  Forbes - Proceeds from the credit facility term loan were used to partially fund the acquisition of North Pittsburgh Systems and to refinance existing debt. TFN.newsdesk@thomson.com jro COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved ...
  2008-02-12 08:26:00

• Bush wants Congress to do more to bolster economy

  Newsday - The president also said Congress should approve legislation allowing state housing agencies to issue tax-free bonds to help squeezed homeowners refinance their mortgages. These and other steps could help struggling homeowners "weather turbulent times ...
  2008-02-12 08:47:00

• Investec's bonus mortgage - MyFinances.co.uk

  Investec's bonus mortgageMyFinances.co.uk, UK - 2 hours agoInvestec's new mortgage is available for loans of over £500000 and is available for both the purchase and refinance of prime UK residences. ...
  2008-02-12 07:03:28

• Board to ask voters for a sinking-fund millage - The Jackson Citizen Patriot - MLive.com

  Board to ask voters for a sinking-fund millageThe Jackson Citizen Patriot - MLive.com, MI - 2 hours agoIn other business Monday, the board adopted a resolution to refinance its 1998 bonds. With recent interest rate reductions, refinancing could save $135000.
  2008-02-12 07:07:57

• RLPC-Kazakh ATF Bank seeks $550 mln loan-banker - Reuters

  RLPC-Kazakh ATF Bank seeks $550 mln loan-bankerReuters - 2 hours agoThe loan, which is the first for a Kazakh bank in 2008, will be used to refinance existing debt. The loan is the borrower's first since it was bought by ...
  2008-02-12 07:21:38

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