Mortgage and Financial News From 2008-2-7 Page 18

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• GMAC May Need to Help ResCap Refinance, Analyst Says (Update1)

  Bloomberg - Feb. 7 (Bloomberg) -- GMAC LLC, the lender 49 percent owned by General Motors Corp., may need to bolster its Residential Capital unit to keep the mortgage company from defaulting on $4.4 billion in debt due this year, Gimme Credit LLC said. ``ResCap ...
  2008-02-07 03:13:00

• Senate approves stimulus bill by 81-16 vote - Hemscott

  Senate approves stimulus bill by 81-16 voteHemscott, UK - 4 hours ago... energy tax provisions, an expanded food stamp program, or money that would be used to help homeowners refinance their homes, as Democrats wanted. ...
  2008-02-07 02:21:55

• Package aimed at boosting economy - Centre Daily Times

  Package aimed at boosting economyCentre Daily Times, PA - 3 hours ago-Housing rescue: Allow more subprime mortgage holders to refinance into federally insured loans by raising the limit on Federal Housing Administration loans ...
  2008-02-07 02:27:19

• Senate OKs rebates to juice economy - CNNMoney.com

  Senate OKs rebates to juice economyCNNMoney.com - 2 hours ago... the Senate Thursday would provide temporary tax breaks for businesses and contains two measures aimed at helping homeowners get or refinance mortgages. ...
  2008-02-07 03:28:14

• Yell investors concerned with signals not numbers - Times Online

  Yell investors concerned with signals not numbersTimes Online, UK - 2 hours agoUK regulatory changes, which come into effect on April 1, have given Yell a degree of freedom in its pricing: the company has no need to refinance its debt ...
  2008-02-07 04:04:25

• RHG, Formerly Rams Home Loans, Repays Short-Term Debt (Update1) - Bloomberg

  RHG, Formerly Rams Home Loans, Repays Short-Term Debt (Update1)Bloomberg - 2 hours agoThe Australian mortgage lender, which lost two-thirds of its value in August when it failed to refinance the extendable commercial paper, will partly fund ...
  2008-02-07 04:08:56

• UPDATE 1-National Australia Bank buys RHG mortgages - Reuters

  UPDATE 1-National Australia Bank buys RHG mortgagesReuters - 2 hours agoRHG, previously known as RAMS Home Loans Group Ltd, last year failed to refinance $5 billion in debt due to the global credit crisis. ...
  2008-02-07 04:23:03

• Senate Approves $151 Billion Economic Stimulus Bill (Update3) - Bloomberg

  Senate Approves $151 Billion Economic Stimulus Bill (Update3)Bloomberg - 1 hour ago31, 2008, an increase over the current $417000 loan limit, a move that could help struggling homeowners to refinance large mortgages at a lower interest ...
  2008-02-07 04:28:00

• Congress seals the deal on rebates - CNNMoney.com

  Congress seals the deal on rebatesCNNMoney.com - 1 hour ago... provide temporary tax breaks for businesses and contains two measures aimed at helping homeowners get or refinance mortgages in higher cost markets. ...
  2008-02-07 04:56:30

• Coming soon: Junior jumbos - Los Angeles Times

  Coming soon: Junior jumbosLos Angeles Times, CA - 1 hour ago... size of mortgages that can be backed by the government -- up to $729750 -- making it easier for homeowners to refinance into more affordable mortgages. ...
  2008-02-07 05:10:40

• Bailout watch: Washington works in mysterious ways - Los Angeles Times

  Bailout watch: Washington works in mysterious waysLos Angeles Times, CA - 44 minutes ago... (pictured) is standing in front of an imposing government building and announcing a wonderful new arrangement to refinance America's mortgage debt. ...
  2008-02-07 05:40:27

• Congress Approves $151 Billion US Stimulus Measure (Update1) - Bloomberg

  Congress Approves $151 Billion US Stimulus Measure (Update1)Bloomberg - 33 minutes agoThe move may help struggling homeowners refinance large mortgages at a lower interest rate. It will also allow the Federal Housing Administration to insure ...
  2008-02-07 05:52:17

• Suit Tangles Issue of James Brown’s Estate - New York Times

  Suit Tangles Issue of James Brown’s EstateNew York Times, United States - 24 minutes agoThe proposal fell apart in 2006 after Mr. Pullman filed a lawsuit against the managers saying that only he had the right to refinance the deal. ...
  2008-02-07 06:00:30

• Republicans block Dems’ attempt to add billions to the stimulus bill (The World)

  WASHINGTON (AP) — The fate of $600-$1,200 rebate checks for more than 100 million Americans is in limbo after Senate Republicans blocked a bid by Democrats to add $44 billion in help for the elderly, disabled veterans, the unemployed and businesses to the House-passed economic aid package.
  2008-02-07 04:04:59

• RHG, Formerly Rams Home Loans, Repays Short-Term Debt (Update1) (Bloomberg.com)

  Feb. 8 (Bloomberg) -- RHG Ltd., formerly Rams Home Loans Group Ltd., repaid A$3 billion ($2.6 billion) of short-term U.S. debt and will pay another A$2.5 billion later today in New York.
  2008-02-07 04:09:40

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