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Financial News
Government bailout of Fannie Mae and Freddie Mac should help some ... - Chicago Tribune
NEW YORK (AP) _ The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect. But for homeowners already ...

Fitch Rates Greater Cleveland Regional Transit Auth, Ohio's $28MM Rfdg ... - Forbes
Fitch assigns an 'A' rating to the Greater Cleveland Regional Transit Authority (GCRTA, or the authority), Ohio's approximately $28 million of general obligation (GO), limited tax capital improvement refunding bonds, series 2008B. The bonds are ...

Our Family Legal Expert Answers Your Questions - CNBC
Q. What is the rule of thumb on refinancing real estate if the property is held in a Revocable Trust?  -- Stewart, CA A. First of all, congratulations for having your real estate owned in the name of your revocable living trust. This is the best way ...

Fitch Rates Butler Health System's (Pennsylvania) 2008 Revs 'A ... - Forbes
Fitch Ratings has assigned an 'A-' rating to approximately $145 million of Butler County Hospital Authority's hospital revenue bonds, series 2008, issued on behalf of Butler Health System (BHS). The Rating Outlook is Stable. Proceeds will be used to ...

Treasure Island excludes money for library - St. Petersburg Times
TREASURE ISLAND — Impassioned pleas to restore $107,000 in funding cuts for the Gulf Beaches Public Library in Madeira Beach failed to sway the City Commission on Wednesday as it set its property tax rate at a level that excludes any money for the ...

Saint-Gobain: Successful Launch of a 5 Year, EUR 750 Million Bond ... - MSN MoneyCentral
COURBEVOIE, France , September 5 /PRNewswire-FirstCall/ -- Compagnie de Saint-Gobain, whose long-term senior debt is rated BBB+ by Standard & Poor's and Baa1 by Moody's, set yesterday the terms of its new benchmark bond issue denominated in Euros ...

Premier League billions will crank up the pressure on managers, says ... - Guardian Unlimited
Rafael Benítez believes this week's spate of managerial resignations will become the rule and not the exception of the Premier League as the new breed of wealthy club-owners demand instant returns on their mammoth investments. The Liverpool manager ...

Fannie, Freddie Capital Concerns Prompt Paulson to Take Control - Bloomberg
Sept. 7 (Bloomberg) -- Treasury Secretary Henry Paulson decided to take control of Fannie Mae and Freddie Mac after a review found the beleaguered mortgage-finance companies used accounting methods that inflated their capital, according to people ...

Foreclosures rose in U.S., but delinquencies eased in quarter - International Herald Tribune
Home foreclosures in the United States hit another record in the second quarter, but in a sign of improvement, the number of borrowers falling behind on payments dropped for the first time in more than two years, according to a report released Friday ...

Colonial, Metrovacesa pull out of mall deal - Reuters
MADRID, Sept 6 (Reuters) - Debt-laiden Spanish property companies Colonial (COL.MC: Quote , Profile , Research , Stock Buzz ) and Metrovacesa (MVC.MC: Quote , Profile , Research , Stock Buzz ) have pulled out of a project to develop the largest mall ...

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Today's Mortgage Terms starting with N

  • Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
  • Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.

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