Fitch Rates Southern California Edison’s $500MM First & Rfdg Mortgage Bonds ‘A+’
Posted on March 9, 2010
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Fitch Ratings has assigned an ‘A+’ rating to Southern CaliforniaEdison’s $500 million 5.5% issuance of first and…… Read the complete story at Business Wire Web Buzz: Fitch Rates Southern California Edisons $500MM First & Rfdg Mortgage Bonds A+ Street Insider - 20 hours 16 minutes ago NEW YORK– –Fitch Ratings has assigned an ‘A+’ rating to …
Sen Corker says sides nearing on consumer watchdog
Posted on March 9, 2010
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Members of the Senate Banking Committee drafting financial reform have “about reached a balance” on the controversial consumer watchdog proposal, Republican Senator Bob Corker said on Tuesday, indicating a bipartisan deal could be reached soon.
Spring rush in real estate 10 hours ago
Posted on March 9, 2010
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Real estate sales over the first two months of 2010 have been strong, and that trend may get even stronger as buyers try to get in before higher interest rates, new mortgage rules, and the HST take effect, according to newly installed president of the Chilliwack and District Real Estate Board, Kyle Hislop.
China banker says local govt debt may be bank risk
Posted on March 8, 2010
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China’s banks might face risks if finance arms set up by local governments to invest in real estate and infrastructure projects cannot repay heavy borrowing, a deputy central bank governor said Monday.
AIG Agrees to Sell Alico to MetLife for $15.5 Billion
Posted on March 8, 2010
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American International Group Inc. agreed to sell a division to MetLife Inc. for $15.5 billion in the bailed-out company’s second divestiture of a non-U.S. life insurance unit this month.
AIG ‘Jewel’ Took 91 Years to Build, Week to Dismantle: Timeline
Posted on March 8, 2010
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American International Group Inc., the bailed-out insurer that traces its roots to Shanghai, is dismantling the non-U.S. life operation that ex-Chief Executive Officer Maurice “Hank” Greenberg has called a “crown jewel.” AIG will sell American Life Insurance Co., with customers in more than 50 nations, to MetLife Inc.
How to get help if your house is underwater
Posted on March 7, 2010
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Go to www.makinghomeaffordable.gov or call the Homeowners HOPE hot line at 888-995-4673. Beware of scam artists who might charge for mortgage counseling, require an up-front fee of $1,500-$5,000, or pressure you to sign papers immediately.
Don’t want to walk away? Here are other ways out
Posted on March 7, 2010
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Underwater homeowners have several options in addition to walking away: Short sale When a lender allows a distressed borrower to sell his or her property for less than is owed on the mortgage.
Egypt’s SME exchange to begin trading in Q2-paper
Posted on March 7, 2010
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Trading on Egypt’s small and medium size enterprises stock exchange Nilex will start between March and June, a newspaper reported on Sunday.
Second concessionary loan to help people manage mortgage obligations
Posted on March 7, 2010
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SINGAPORE: Senior Minister of State for the Ministry of National Development & Ministry of Education Grace Fu said the recent announcement to extend a second loan to more HDB flat buyers is to help manage their mortgage obligations and not to encourage property speculation.