Mortgage and Financial News From 2008-2-12 Page 57

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• Keystone Announces Distribution of Subscription Rights Offering - PR Newswire (press release)

  Keystone Announces Distribution of Subscription Rights OfferingPR Newswire (press release), NY - 2 hours ago... explosions, unscheduled or unplanned downtime and transportation interruptions), -- The Company's ability to renew or refinance credit facilities, ...
  2008-02-12 07:22:09

• Home Equity Taps Out - Kiplinger.com

  Home Equity Taps OutKiplinger.com, DC - 1 hour agoYou'll need to factor closing costs into the total tab, plus private mortgage insurance if you refinance into a loan that's more than 80% of your home's ...
  2008-02-12 07:37:30

• President seeks much more beyond stimulus package - San Francisco Chronicle

  President seeks much more beyond stimulus packageSan Francisco Chronicle,  USA - 1 hour agoThe president also said Congress should approve legislation allowing state housing agencies to issue tax-free bonds to help squeezed homeowners refinance ...
  2008-02-12 08:01:55

• Spain's Sol Melia's ratings withdrawn at company request - S&P - CNNMoney.com

  Spain's Sol Melia's ratings withdrawn at company request - S&PCNNMoney.com - 51 minutes agoThe group has recently put in place some additional bank financing which, together with existing cash resources, should enable it to refinance the Sol Melia ...
  2008-02-12 08:33:53

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

  Consolidated Comms 130 mln usd senior notes upgraded to 'BB-' from ...CNNMoney.com - 51 minutes ago... Inc. Proceeds from the credit facility term loan were used to partially fund the acquisition of North Pittsburgh Systems and to refinance existing debt. ...
  2008-02-12 08:33:53

• Big-press biz gets bigger - The Columbian

  Big-press biz gets biggerThe Columbian, WA - 49 minutes agoNow that the business is established, TechJet is working to refinance debt on more favorable terms and free up cash to increase sales, he said. ...
  2008-02-12 08:35:57

• Feds Announce Plan to Delay Foreclosures - WTOP

  Feds Announce Plan to Delay ForeclosuresWTOP, DC - 48 minutes ago... payments before the rate reset, they should have better credit now and should be allowed to refinance to good rates, even if they have negative equity. ...
  2008-02-12 08:36:28

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

  Consolidated Comms 130 mln usd senior notes upgraded to 'BB-' from ...Forbes, NY - 46 minutes ago... Inc. Proceeds from the credit facility term loan were used to partially fund the acquisition of North Pittsburgh Systems and to refinance existing debt. ...
  2008-02-12 08:38:52

• Tax Returns Must Be Filed to Get a Rebate Check; Liberty Tax ... - PR-Inside.com (Pressemitteilung)

  Tax Returns Must Be Filed to Get a Rebate Check; Liberty Tax ...PR-Inside.com (Pressemitteilung), Austria - 34 minutes agoCurrent homeowners hoping to refinance may also benefit by a provision to increase maximum mortgage amounts that government agencies provide to 175% of ...
  2008-02-12 08:50:42

• Wider Options Open Up for Renegotiating Mortgages - TheStreet.com

  Wider Options Open Up for Renegotiating MortgagesTheStreet.com - 28 minutes agoThis could give the borrower enough time to refinance the loan. It is quite possible that the home is now worth less than the outstanding mortgage loan ...
  2008-02-12 08:57:11

• Foreclosures Hurt Housing Market Further - CNNMoney.com

  Foreclosures Hurt Housing Market FurtherCNNMoney.com - 3 minutes agoHighly discounted foreclosure sales also can make it tougher for borrowers to refinance into more affordable loans if their property value falls, ...
  2008-02-12 09:22:25

• Big-press biz gets bigger (The Columbian)

  The first large press, bought in 2004, took up two bays of Don Bloodworth’s three-car garage. It was supposed to bolster operations at Instant Imprints, a printing franchise that Bloodworth had started with nephew Jason Beatty.
  2008-02-12 08:47:34

• (AFX UK Focus) 2008-02-12 16:25 GMT: Consolidated Comms 130 mln usd senior notes upgraded to 'BB-' from 'B' - S&P (Interactive Investor)

  MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services raised its rating on Consolidated Communications Holdings Inc's 130 mln usd of 9.75 pct senior notes due 2012 to 'BB-' from 'B' and assigned a '3' recovery rating, indicating that lenders can expect meaningful 50-70 pct recovery in the even of a payment default.
  2008-02-12 08:50:00

• District plans to refinance junior high renovation project (The Indiana Gazette)

  The Indiana Area School District plans to take advantage of declining interest rates by refinancing its debt on the junior high school renovation project.
  2008-02-12 09:13:34

• Foreclosures Hurt Housing Market Further (AP via Yahoo! Finance)

  A growing share of home sales are from foreclosures, especially in states hardest hit by the housing bust. In some parts of California lately, nearly 50 percent of home sales come from foreclosed houses.
  2008-02-12 09:16:59

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