Mortgage and Financial News From 2008-3-3 Page 16

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• HUD Announces Free Homeownership Clinics in Prince George's County on ...

  Forbes - Since September, when President Bush announced FHASecure, which refinances mortgages that are current or past due, the department has received over 240,000 refinancing applications and has already helped more than 90,000 people refinance who are ...
  2008-03-03 01:57:00

• Pols: Govt here to help, not bail out

  BusinessWeek - Congress approved an airline industry bailout after the 2001 terrorist attacks, established the Resolution Trust Corp. to mop up after the savings and loan crisis and created the Home Owners' Loan Corp. in 1933 to help borrowers refinance troubled ...
  2008-03-03 02:04:00

• Auction Supply `Tsunami' Portends Municipal Losses (Update1)

  Bloomberg - Some issuers are preparing to refinance debt with another form of variable-rate bonds and others are considering selling fixed- rate debt. ``When you've got many issuers representing hundreds of billions of dollars trying to restructure ...
  2008-03-03 06:15:00

• Best advice for your tax rebate: Stash it, don't cash it

  Detroit Free Press - Once the stimulus bill is in effect, plenty of people paying an expensive jumbo will be able to refinance at a lower rate. Refinance rumples If you intend to stay put in the house for a few years, the cost of the refinance will eventually be offset by ...
  2008-03-03 12:38:00

• Countrywide may face more credit woes

  Reuters - But it also said average daily mortgage application volume surged 72 percent from December, and mortgage loans being processed rose 46 percent, suggesting homeowners are taking advantage of lower interest rates to refinance. (Reporting by ...
  2008-03-03 05:32:00

• Ikon plans to repurchase $25M in shares

  MSN MoneyCentral - In light of the challenging credit markets and the anticipated one-time cash and pretax charge of $60 to $70 million required to refinance our 2012 and 2015 notes, we believe refinancing our existing debt would be significantly dilutive to our fiscal ...
  2008-03-03 06:15:00

• Countrywide may face more credit woes (The Globe and Mail)

  Mortgage lender says it may see additional losses as downward trends in the economy and real estate market boost delinquency rates
  2008-03-03 05:54:00

• Capital Gold and Standard Bank Agree to Refinance Project Loan for El Chanate (CNW Group via Yahoo! Finance)

  Capital Gold announced that they have mandated Standard Bank Plc., to refinance the existing project finance facility on the El Chanate mine. The expected closing date is the end of April 2008.
  2008-03-03 06:01:00

• Remarks by Secretary Henry M. Paulson, Jr. U.S. Housing and Mortgage Market Update before the National Association of ... (United States Department of the Treasury)

  Good morning. Thank you, Tom. It is a pleasure to be with you. Last week we had several significant data releases updating us on the status of the housing market correction.
  2008-03-03 07:15:08

• Whitehall schools may save $700,000 in refinancing (The White Lake Beacon)

  The Whitehall Board of Education last Monday gave administrators the go ahead to refinance bonds which could save the district taxpayers $700,000.
  2008-03-03 07:42:33

• Ikon Office Solutions scales back buyback (BizJournals)

  Ikon Office Solutions Inc. said Monday it no longer intends to repurchase $500 million of its stock in its 2008 fiscal year, which ends Sept. 30, and expects to end the year having bought back $340 million in shares. (IKN)
  2008-03-03 08:18:50

• Record farm profits this year? Producers excited, but wary of higher input costs (Crookston Daily Times)

  MOORHEAD, Minn. (AP) - As spring planting time approaches, Minnesota farmers are looking at the possibility of record profits this year.
  2008-03-03 08:24:44

• Subprime creep: From city to burbs (CNNMoney.com via Yahoo! Finance)

  Cleveland's foreclosure crisis is no longer a problem that's just for the poor.
  2008-03-03 09:26:00

• WINE: Beer, wine side by side; Constellation may sell brands (North Bay Business Journal)

  Visionaries from Mendocino County are looking to break down the walls between fine wine and craft beer in wine country.
  2008-03-03 03:23:43

• Banking & Finance (North Bay Business Journal)

  Angie Grainger joined Exchange Bank’s wealth management group as vice president and managing director of financial planning. Ms. Grainger, a CPA, previously served as a tax manager at Moss Adams LLP in Santa Rosa.
  2008-03-03 03:24:19

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