Mortgage and Financial News From 2008-2-6 Page 67

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• City to save money with A1 bond rating - Middletown Journal

  City to save money with A1 bond ratingMiddletown Journal, OH - 2 hours agoHe said the 2008 bond issue will be used to refinance more than $16.2 million of existing debt from 1994, 1996 and 1999 as well as to add $9.95 million in ...
  2008-02-06 12:21:05

• UPDATE 2-Kazakh leader urges less spending, more exploration - Reuters UK

  UPDATE 2-Kazakh leader urges less spending, more explorationReuters UK, UK - 2 hours ago... banking sector hard, snapping its double-digit economic growth and sparking concerns about banks' ability to repay or refinance their existing debt. ...
  2008-02-06 12:35:38

• Kansas City Southern Q4 2007 Earnings Call Transcript - Seeking Alpha

  Kansas City Southern Q4 2007 Earnings Call TranscriptSeeking Alpha, NY - 2 hours agoIf we refinance, which we plan to do, the $200 million, 9.5% bonds early, then the maturity of the bank debt will automatically extend and the facility and ...
  2008-02-06 12:37:39

• Банк Москвы - ИА ФИНМАРКЕТ

  Банк МосквыИА ФИНМАРКЕТ, Russia - 2 hours ago... Georgy Trefilov, sold his 37.5% shares to the real estate developing company ОАО RTM to refinance the liabilities of the retail business. ...
  2008-02-06 12:40:43

• Decline of greenback may benefit Turkey - Turkish Daily News (subscription)

  Decline of greenback may benefit TurkeyTurkish Daily News (subscription), Turkey - 2 hours ago... then Turkey will possibly face difficulties in accessing external liquidity to finance its current account deficit and refinance its existing foreign ...
  2008-02-06 01:09:28

• T chief declares system 'broke' despite fare hikes - Boston Globe

  T chief declares system 'broke' despite fare hikesBoston Globe, United States - 1 hour agoHis deputy, chief financial officer Jonathan Davis, said last week that the T could refinance some of its $8.2 billion in debt and interest payments, ...
  2008-02-06 01:47:19

• Troubled homeowners: Can't pay? Just walk away - CNNMoney.com

  Troubled homeowners: Can't pay? Just walk awayCNNMoney.com - 38 minutes agoBut buyers thought they could count on the increased value of their homes to refinance into affordable, fixed-rate loans. Now, that may not be possible. ...
  2008-02-06 02:42:15

• Church of Tonga may lose historic building to default - Oakland Tribune

  Church of Tonga may lose historic building to defaultOakland Tribune, CA - 22 minutes agoThe trust allowed them to continue paying their monthly payments when the church was unable to refinance, even though they were supposed to repay the full ...
  2008-02-06 02:58:28

• Senator Kerry: Economic Stimulus Must Tackle Housing Crisis - All American Patriots (press release)

  Senator Kerry: Economic Stimulus Must Tackle Housing CrisisAll American Patriots (press release), Sweden - 18 minutes ago... package will keep more Americans in their homes with an expansion of the mortgage revenue bond program that will help struggling home owners refinance. ...
  2008-02-06 03:02:40

• On a Miley high (The News & Observer)

  A dad ventures into the theater for the 'tween dream -- a 3-D concert film starring Disney's darling.
  2008-02-05 11:35:16

• Big Pharma's Patent Headache (BusinessWeek)

  In 2008 more than 10 top-selling drugs will lose patent protection. The industry hopes to recoup the losses with branded generics
  2008-02-05 11:44:07

• Atlantic County budget includes 1-cent tax-rate cut (Press of Atlantic City)

  NORTHFIELD - The Atlantic County tax rate would go down slightly under a $176.7 million budget the Board of Chosen Freeholders unanimously introduced Tuesday afternoon. Most of the increase in spending will be in the area of public safety, County Executive Dennis Levinson said in a 20-minute presentation to...
  2008-02-06 12:26:24

• T chief declares system 'broke' despite fare hikes (Boston Globe)

  The MBTA raised $70 million last year by increasing fares on buses, trains, and subways. But it will not be enough money to prevent an estimated $75 million deficit in the spending plan for the budget year that begins in July.
  2008-02-06 01:34:28

• Troubled homeowners: Can't pay? Just walk away (CNN Money)

  Mortgage payments are set to jump. Home prices have plunged. "I'm outta here."
  2008-02-06 02:40:04

• Watch List (Feb. 3-9): It's No Longer Just About Interest Rates (CoStar Group)

  In this week’s issue, Watch List readers weigh in on the impact of interest cuts and say they won't carry much weight; Fitch analyst depict what the state of equity REITs could look like this year; the nation's housing woes force a global relocation and...
  2008-02-06 03:01:02

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