Mortgage and Financial News From 2008-1-10 Page 46

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• Politicians Attack Foreclosure Crisis - Queens Chronicle

  Politicians Attack Foreclosure CrisisQueens Chronicle, NY - 23 minutes agoAfter the company that gave her the initial loan went out of business and sold her payments to another company, she tried unsuccessfully to refinance her ...
  2008-01-10 09:36:21

• Fitch Rates H&R Block's $600MM Sr. - Ad-Hoc-News (Pressemitteilung)

  Fitch Rates H&R Block's $600MM Sr.Ad-Hoc-News (Pressemitteilung), Germany - 22 minutes agoProceeds from the offering will be utilized to refinance approximately $475 million of a $500 million bridge loan. The remaining proceeds of approximately ...
  2008-01-10 09:37:38

• Fed Chairman Bernanke Speech on Financial Markets (Text) - Bloomberg

  Fed Chairman Bernanke Speech on Financial Markets (Text)Bloomberg - 8 minutes agoOnce sufficient equity had been accumulated, borrowers were often able to refinance, avoiding the increased payments associated with the reset in the rate ...
  2008-01-10 09:52:13

• State's foreclosure rank moves back up (Rocky Mountain News)

  Colorado had the fourth-highest foreclosure rate in the country last month, moving back up the list after distancing itself from the embarrassing No. 1 spot it occupied for much of last year.
  2008-01-10 08:38:26

• Mortgage rates dip below 6% (The Tennessean)

  WASHINGTON -- Rising worries about a weak economy pushed rates on 30-year mortgages below the 6 percent mark for only the second time in more than two years. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.87 percent this week. That was down from 6.07 percent last week.
  2008-01-10 08:38:37

• Foreclosures up 41.5 percent in Denver area in 2007 (Rocky Mountain News)

  The final tally of foreclosure filings in the seven-county Denver area in 2007 represent a 41.5 percent increase over the record filings in 2006.
  2008-01-10 08:41:00

• Foreclosure rate soars 41.5% (Rocky Mountain News)

  The final tally of foreclosure filings in the Denver area in 2007 represent a 41.5 percent increase over the record filings in 2006.
  2008-01-10 08:41:10

• Fitch Rates H&R Block's $600MM Sr. Unsecured Notes 'BBB'; On Rating Watch Negative (Business Wire via Yahoo! Finance)

  NEW YORK----Fitch Ratings has assigned a 'BBB' rating to Block Financial Corp.'s $600 million 7.875% senior unsecured notes due October 2013. Proceeds from the offering will be utilized to refinance approximately $475 million of a $500 million bridge loan.
  2008-01-10 09:26:00

• Rutgers Investment Group and HomeLoanAdvisors.Com Ink Outsource Agreement (Centre Daily Times)

  Rutgers Investment Group, Inc., a subsidiary of FirstPlus Financial Group, Inc. (Pink Sheets: FPFX), today announced that it has entered into an agreement with HomeLoanAdvisors.Com, a California based corporation, to provide mortgage processing and fulfillment services on an outsource basis.
  2008-01-10 09:28:12

• Money Matters: New Maine law targets predatory lenders (The York Weekly)

  Earlier this year, Gov. John Baldacci signed the Maine Homeowner Protection Act into law. This legislation, which is scheduled to take effect in January 2008, has been hailed as one of the toughest state laws targeting predatory lending practices in the...
  2008-01-10 09:31:06

• Fitch Rates H&R Block's $600MM Sr. Unsecured Notes 'BBB'; On Rating Watch Negative (Centre Daily Times)

  Fitch Ratings has assigned a 'BBB' rating to Block Financial Corp.'s $600 million 7.875% senior unsecured notes due October 2013. Proceeds from the offering will be utilized to refinance approximately $475 million of a $500 million bridge loan. The remaining proceeds of approximately $125 million are for general corporate purposes.
  2008-01-10 09:40:06

• Fitch Rates H&R Block´s $600MM Sr. Unsecured Notes ´BBB´; On Rating Watch Negative (wallstreet:online AG)

  Fitch Ratings has assigned a ´BBB´ rating to Block Financial Corp.´s $600 million
  2008-01-10 09:42:09

• TIF shortfall sees review in Wyoming (Forest Lake Times)

  Wyoming City Council on Wednesday, Nov. 7 learned that the city must come up with some ways to meet the future bond payments on Tax-Increment Financing District 3-1, the area of the Viking Commons Development.
  2008-01-10 09:52:03

• National Hospitality Secures Financing for Sheraton National - CoStar Group

  National Hospitality Secures Financing for Sheraton NationalCoStar Group, MD - 8 hours agoNational Hospitality Corp. has secured a $41 million first mortgage for its Sheraton National Hotel in Arlington, VA. Jim Bonham and Wes Scott of the ...
  2008-01-10 01:37:10

• Before The Bell: Housing Fire Sale; Capital One's Wallet? - Minyanville.com

  Before The Bell: Housing Fire Sale; Capital One's Wallet?Minyanville.com, New York - 3 hours agoFor more on the housing sector, read Professor Mike Shedlock’s Who Benefits From Soaring Mortgage Refinance Volume? From the Bull Pen: Bulls see the iShares ...
  2008-01-10 06:19:04

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