Mortgage and Financial News From 2008-2-14 Page 13

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• Dallas-Fort Worth home foreclosures surge 27%

  Dallas Morning News - Many of them simply don't have the equity to refinance," said David Berson, economist for mortgage insurer PMI Group. In a significant number of D-FW area foreclosures, the mortgage on the house is higher than the tax appraisal, Mr ...
  2008-02-14 02:50:00

• Fitch Rates RPM International's $250MM Senior Notes 'BBB-'

  Forbes - Fitch Ratings has assigned a 'BBB-' rating to RPM International's (RPM) $250 million issuance of senior notes. The new notes will be used to refinance existing debt and for general corporate purposes. Fitch currently rates RPM as follows: RPM: ...
  2008-02-14 11:51:00

• Ignore the Headlines

  Time - But that logjam won't persist forever--and if it appears you'll be trapped for a few years, try to refinance at today's lower rates. Risks always seem most acute when the headlines give you ulcers. But that's exactly when you should think long term ...
  2008-02-14 03:11:00

• US Senate Democrats to float housing help--sources

  Reuters - The bill would also give state and local governments the power to issue $10 billion in additional bonds to refinance troubled borrowers. One provision pitched by Senator Jack Reed of Rhode Island would set new disclosure standards for lenders and ...
  2008-02-14 01:38:00

• Fed ready to keep cutting rates, Bernanke tells Congress

  Detroit Free Press - He also asked Congress to pass legislation that will allow states to issue tax-exempt bonds and use the proceeds to help struggling homeowners refinance into more affordable mortgages. Bernanke and Paulson have been fighting to keep the economy afloat ...
  2008-02-14 01:03:00

• RPT-UPDATE 1-U.S. Senate Democrats offer housing rescue plan

  Reuters - Housing finance agencies, which are run by state and local governments, would be allowed to use more money from mortgage revenue bonds to refinance subprime loans and provide mortgages for first-time buyers and rental housing. Consumer groups would ...
  2008-02-14 02:50:00

• Senate Democrats offer housing rescue plan

  Boston Globe - Housing finance agencies, which are run by state and local governments, would be allowed to use more money from mortgage revenue bonds to refinance subprime loans and provide mortgages for first-time buyers and rental housing. Consumer groups would ...
  2008-02-14 01:24:00

• RPM International Inc. Announces $250 Million Note Offering

  Forbes - RPM intends to use the net proceeds from the offering of the Notes to repay, redeem or refinance $100 million in principal amount of RPM's unsecured senior notes due March 1, 2008, $125 million in principal amount outstanding under RPM's accounts ...
  2008-02-14 01:38:00

• Centro's debt deadline today

  News.com.au - The shopping centres owner today faced a deadline to refinance maturing debt. ``Centro Properties Group hereby requests that the ASX grant a trading halt of its stapled securities effective immediately, pending an announcement,'' Centro said. The ...
  2008-02-14 03:19:00

• Bernanke tells Congress U.S. outlook to improve later this year

  Christian Science Monitor - Clearly, the Port Authority is not going to pay 20 percent, it will refinance," said Mr. Paulson, adding that the Treasury was monitoring the situation. Bernanke said if credit conditions were to continue to worsen, the Fed might have to ...
  2008-02-14 02:43:00

• Australia's Centro shares on trading halt

  Reuters - ... for Centro to negotiate a refinancing deal with its creditors after it got into trouble when it borrowed heavily using short-term debt to finance long-term investments. Centro said in December that it and its affiliates were struggling to refinance ...
  2008-02-14 03:11:00

• UPDATE 1-Centro shares halted as funding deadline looms

  Reuters - MELBOURNE, Feb 15 (Reuters) - Shares in Australia's troubled Centro Properties Group (CNP.AX: Quote , Profile , Research ), which owns 700 U.S. shopping malls, were put on a trading halt on Friday ahead of a deadline to refinance some A$3.9 billion ...
  2008-02-14 03:26:00

• The Haunted Housing Market

  US News and World Report - And if they now have zero or negative equity in their home, they won't be able to refinance in any event. We are facing the largest increase in loan defaults in postwar history. As William Gross, head of the PIMCO investment fund, points out, "To ...
  2008-02-14 03:33:00

• RPM International to sell $250 million in bonds to refinance debt

  CNBC - MEDINA, Ohio - RPM International Inc. plans to sell bonds to raise money to refinance about $250 million in debt, the sealant and coatings maker said Thursday. In a sale managed by Banc of America Securities, Wachovia Capital Markets and Goldman ...
  2008-02-14 02:14:00

• Loan week, February 8-14 - FinanceAsia

  Loan week, February 8-14FinanceAsia, Hong Kong - 4 hours agoThe funds are to refinance a A$600 million revolver signed in July 2007 and for general corporate purposes. The Rmb4.7 billion three-year financing for ...
  2008-02-14 03:17:19

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