*Extendicare Health Services Completes Initial US$500 Mln Mortgage Loan Financing; Enters US$120 Mln Credit Facility (Nasdaq) (RTTNews) - Extendicare Health Services (EXE-A) completes initial US$500 mln mortgage loan financing; enters US$120 mln credit facility.read more...
Love, Commitment And Home Buying read more...
ResCap to Cut 3,000 Jobs "We did restrict our underwriting" GMAC Financial Services said on Wednesday it would cut about 3,000 jobs, or 25 percent of the work force at its Residential Capital LLC
Home losses piling up in Calhoun county The number of foreclosures in Calhoun County has increased more than eight-fold in the past decade, which is consistent with Michigan having one of the nation's highest rates.read more...
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Unisys Research Reveals Mortgage Knowledge Gap (FinanzNachrichten) ::? Unisys Research Reveals Mortgage Knowledge Gap?:: LONDON, August 28 /PRNewswire/ -- Research Reveals: LONDON, August 28 /PRNewswire/ --
America’s banks and brokerages are scrambling to raise badly needed cash, but it may be at the expense of shareholders.
Since the subprime mortgage market imploded, financial companies caught in the fallout have been raising capital in two major ways _ cutting dividends and issuing more shares. Both methods erode shareholder value; analysts believe the industry is poised for more.
‘The market is now seeing a substantial increase in financial companies issuing common and convertible instruments in an effort to shore up liquidity,’ said Standard & Poor’s senior index analyst Howard Silverblatt. ‘The additional financing gives them immediate breathing room, with the payback being longer term dilution.’
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