Mortgage and Financial News From 2008-2-20 Page 10

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  • Calif. groups seek BofA foreclosure moratorium (Charlotte Business Journal)

    Ninety-one community groups in California have sent a letter Bank of America Corp. Chief Executive Kenneth Lewis asking the bank to cease foreclosures on mortgages in the portfolios of BofA and Countrywide Financial Corp. (BAC) (CFC)
    2008-02-20 01:53:23

  • Notice on Morgan Stanley Closed-End Funds (Centre Daily Times)

    Over the past several days, the auction rate preferred share market has experienced a number of failed auctions across the industry. A number of Morgan Stanley closed-end funds (the "Funds") that have outstanding series of auction rate preferred shares ("ARPS") also have experienced failed auctions. These failed auctions are not defaults or credit events. There is no loss of capital and holders ...
    2008-02-20 01:56:19

  • RAM Energy Resources Retires Senior Notes (Centre Daily Times)

    RAM Energy Resources, Inc. (Nasdaq: RAME) announced today that on February 15, 2008, the Company retired all of the remaining outstanding 11.5% Senior Notes of its wholly owned subsidiary, RAM Energy, Inc. by payment of the aggregate principal balance of $28.4 million plus accrued interest. The publicly-held notes were part of a $115 million issue by RAM Energy, Inc., in February 1998.
    2008-02-20 01:57:09

  • Fitch Rates Metrofinanciera MTROCB 08U Sr. Notes ´BBB+/AAA(mex)´ (wallstreet:online AG)

    Fitch has assigned a rating of ´BBB+/AAA(mex)´ to the senior notes (MTROCB 08U) issued
    2008-02-20 01:58:54

  • Validus Holdings, Ltd. Announces Quarterly Dividend (wallstreet:online AG)

    Validus Holdings, Ltd. (NYSE: VR) announced today that its Board of Directors has declared a quarterly
    2008-02-20 01:59:34

  • Botswana: BIHL Rakes in P534m Surplus (AllAfrica.com)

    The Botswana Insurance Holdings Limited (BIHL) group has delivered exceptionally strong overall results for the year ended 31 December 2007, with total after surplus tax attributed to shareholders reaching half a billion pula.
    2008-02-20 01:59:41

  • Parallel Petroleum Announces Increased Production, Work-in-Progress, 2008 CAPEX Budget, Increased PDP Reserves and ... (wallstreet:online AG)

    Parallel Petroleum Corporation (12587;NASDAQ:PLLL) today announced its fourth quarter 2007 average and
    2008-02-20 01:59:49

  • Man convicted of fraud sells reverse mortgages in Spokane

    Seattle Post Intelligencer - ... Duane Smith, of Colbert, is listed in a brochure issued by Golf Savings, a mortgage ... In reverse mortgages, designed for homeowners 62 and older, a lender pays a monthly or one-time amount to the homeowner and is repaid when the home is sold or the ...
    2008-02-20 11:51:00

  • GMAC to cut 930 jobs and close its Auburn Hills office

    Detroit Free Press - The lender said some of the workers in Auburn Hills could be offered jobs elsewhere in the company. GMAC's cuts ... The company has suffered deep losses due to the collapse of the home mortgage industry and skittish credit markets, dragging ...
    2008-02-20 11:58:00

  • Reuters Summit-EMF sees no Euro subprime crisis, regulation need

    Forbes - LONDON, Feb 20 (Reuters) - Europe does not risk a U.S.-style subprime mortgage crisis ... definition of 'responsible lending' it would be much too dangerous for the lender ... were anyhow already more conservative than in the United States, where some home ...
    2008-02-20 09:49:00

  • Compare To Have Better Deal

    Best Syndication - If you can afford pledging your home to the lender, there are bright chances of getting a loan plan of cheap rate. Loans against ... To find an answer to quick cash , low rate loans , cheap loan visit our blog online loans UK . Current Mortgage Interest ...
    2008-02-20 10:32:00

  • Banks' bitter pill on interest rates

    News.com.au - Now, their home lender is threatening repossession. "Every time we make a payment on the mortgage we've been putting a little bit more into it, giving them a little bit more money, and they're still not satisfied," Mr Green said. "No matter how much ...
    2008-02-20 05:32:00

  • Consider a reverse mortgage

    CNN Money - Reverse mortgages are most beneficial if you own your home or have a small amount left to pay on the original mortgage that can be paid off at closing ... You can contact the Housing Counseling Clearinghouse at 800-569-4287 to find a lender in your ...
    2008-02-20 08:24:00

  • UPDATE 3-ING reports small Q4 impairment, shares rise

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... shares rose as much as 5.6 percent, bucking a lower market, after the Dutch lender ... million to 1 billion euros on its riskier investments, including residential mortgage ...
    2008-02-20 04:42:00

  • Stocks in Europe, Asia Drop, Led by Banks; U.S. Futures Decline

    Bloomberg - The U.K. mortgage lender scrapped its profit target for this year and next because of the seizure in credit markets. The previous target for earnings-per-share growth through 2009 of at least 9 percent above inflation ``is no longer appropriate ...
    2008-02-20 05:03:00

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