Mortgage and Financial News From 2008-5-20 Page 9
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Genworth Financial $600 mln senior notes rated 'A2' - Moody's - CNBC
MUMBAI (Thomson Financial) - Moody's Investors Service assigned an 'A2' rating and stable outlook to Genworth Financial Inc.'s anticipated issuance of $600 million of senior unsecured notes, proceeds of which will be used for general corporate ...
2008-05-20 12:56:00 -
SOme buyers forced to pay more fees on mortgage loans - Lynchburg News and Advance
TAMPA — Getting a mortgage could cost more, especially if you live in Florida or have less than stellar credit. Two of the largest sources of loans have been requiring buyers to pony up larger down payments and tacking on fees. Fees on some loans ...
2008-05-20 04:09:00 -
AIG To Sell Non-Core Business, Expand In Foreign Markets - CNN Money
American International Group (AIG) will cut business costs and sell off non- core businesses as part of its effort to recover from losses caused by its investments in the U.S. mortgage market, the company's chief executive said Tuesday. "Nothing in ...
2008-05-20 05:06:00 -
Mary Had a Little Lamb and a Jumbo Mortgage: Caroline Baum - Bloomberg
May 20 (Bloomberg) -- Once upon a time, there lived a King who granted each subject enough money to make his home his castle. Everyone was content. The castles created vast riches throughout the land. Alas, the King had large armies to support, and ...
2008-05-20 01:03:00 -
Bills that passed during Missouri's 2008 session (Park Hills Daily Journal)
A look at some of the bills that passed during Missouri’s 2008 legislative session.
2008-05-20 05:10:28 -
Commercial Real Estate Digs Out, Slowly (KiplingerForecasts.com)
Tenants hit by a weak economy, along with plenty of buildings and still-tight financing, put recovery a year off.
2008-05-20 06:14:52 -
Beacon Hill Roll Call (Amesbury News)
The Beacon Hill Roll Call records local senators’ votes on two roll calls from the week of May 12-16. There were no roll calls in the House last week.
2008-05-20 06:27:08 -
U.S. Senate reaches deal on troubled mortgages (International Herald Tribune)
Legislation aimed at helping hundreds homeowners in danger of foreclosure would expand the availability of government-insured mortgages while also creating a new regulatory agency.
2008-05-20 07:00:00 -
AIG Increases Plan to Raise Capital to $20 Billion (Update3) (Bloomberg.com)
May 20 (Bloomberg) -- American International Group Inc. will raise a total of $20 billion, 60 percent more than the New York- based insurer originally said it needed to protect against further writedowns, Chief Executive Officer Martin Sullivan said.
2008-05-20 07:00:05 -
"Fight brewing" over affordable housing fund: Frank (Reuters via Yahoo! News)
U.S. Rep. Barney Frank on Tuesday said "a fight is brewing" over a Senate agreement to finance a new federal mortgage insurance fund by taking money from a proposed trust fund for affordable housing.
2008-05-20 07:02:16 -
AIG raised about $20 billion in capital: CEO (Business Insurance)
NEW YORK (Reuters)—American International Group Inc. Chief Executive Martin Sullivan told investors on Tuesday the company's recent issue of equity and debt raised about $20 billion, far more than initially expected.
2008-05-20 07:16:12 -
Slowdown ‘could delay N Rock repayment’ - Financial Times
A UK housing recession could mean that Northern Rock ’s plan to repay its £24.1bn debt to the government could be delayed, MPs were told on Tuesday. The Newcastle bank, which was nationalised in February, intends to repay all of its loan from the ...
2008-05-20 05:06:00 -
State says mortgage fund owner loaned himself $38 million - CBS 2 KCAL 9
MONTEREY, Calif. (AP) The California Department of Real Estate says the owner of Cedar Funding loaned $38 million to himself and one of his businesses from the firm's mortgage fund without telling investors. David Nilsen's real estate license has ...
2008-05-20 05:28:00 -
Visteon 2010 bonds rise after debt exchange offer - Reuters
NEW YORK, May 20 (Reuters) - Bonds of Visteon Corp (VC.N: Quote , Profile , Research ) rose on Tuesday, after the auto supplier late on Monday offered to exchange its shorter-dated debt for bonds with a longer maturity and a higher coupon. Visteon ...
2008-05-20 05:35:00 -
Sen. Bond says mortgage counselors can stem foreclosures - Jefferson City News Tribune Online
ST. LOUIS (AP) - Tyrone Turner's most important piece of advice for homeowners facing foreclosure is to bargain hard with the bank, and to remember that losing their home isn't the only option if they fall behind on loan payments. “A lot of people ...
2008-05-20 04:52:00