The Road to a Jumbo Mortgage Was Supposed to Get Easier (NYTimes.com via Yahoo! Finance)

Posted by @ 10:37 pm, April 30th, 2008

The effort to make it easier to get loans over $417,000 has yielded frustration, with many saying the loans are not available or the rates are far higher than they expected.

Magna Entertainment Corp. Announces Extension of Senior Secured Revolving Credit Facility (CNW Group via Yahoo! Finance)

Posted by @ 8:12 pm, April 30th, 2008

Magna Entertainment Corp. today announced that it has extended the maturity date of its $40.0 million senior secured revolving credit facility with a Canadian chartered bank to May 23, 2008 and was granted a waiver of a financial performance covenant applicable to MEC’s California operations for the fiscal quarter ending March 31, 2008.

Fitch Rates Westlands Water District, California’s $30.1MM 2008A COPs ‘A’ (Centre Daily Times)

Posted by @ 6:56 pm, April 30th, 2008

Fitch Ratings has assigned an ‘A’ rating to Westlands Water District, California’s (WWD) $30 million adjustable-rate refunding revenue certificates of participation (COPs), series 2008A. Fitch has also assigned an ‘A’ rating to WWD’s approximately $230 million outstanding parity certificates. The Rating Outlook is Stable.

Widening the Focus on Foreclosures - BusinessJournalism.org

Posted by @ 6:49 pm, April 30th, 2008

BusinessJournalism.orgWidening the Focus on ForeclosuresBusinessJournalism.org - Apr 30, 2008It doesn’t help that banks have clamped down on refinance terms, taking away yet another option for homeowners. The situation was reflected in the latest …Philadelphia area's foreclosure rate drops 30% Philadelphia Inquirerall 495 news articles

Fitch Rates Westlands Water District, California´s $30.1MM 2008A COPs ´A´ (wallstreet:online AG)

Posted by @ 6:38 pm, April 30th, 2008

Fitch Ratings has assigned an ´A´ rating to Westlands Water District, California´s

Fitch Rates Westlands Water District, California’s $30.1MM 2008A COPs ‘A’ (Business Wire via Yahoo! Finance)

Posted by @ 6:27 pm, April 30th, 2008

SAN FRANCISCO—-Fitch Ratings has assigned an ‘A’ rating to Westlands Water District, California’s $30 million adjustable-rate refunding revenue certificates of participation , series 2008A.

Essex Announces First Quarter 2008 Earnings Results - CNNMoney.com

Posted by @ 5:21 pm, April 30th, 2008

Earthtimes (press release)Essex Announces First Quarter 2008 Earnings ResultsCNNMoney.com - 59 minutes agoIn January 2008, the Company obtained a mortgage loan in the amount of $49.9 million secured by Mirabella, a community located in Marina Del Rey, California …Equity One Reports First Quarter 2008 Operating Results WELT ONLINEBoston Properties, Inc. Announces First Quarter 2008 Results PR Newswire (press release)BRE Properties Reports First Quarter 2008 Results CNNMoney.com (press release)all 88 news articles

Saving money - An old strategy will be new again - Chicago Sun-Times

Posted by @ 4:35 pm, April 30th, 2008

Saving money - An old strategy will be new againChicago Sun-Times, United States - 1 hour agoBarney Frank · Make FHA money available to refinance the homes of distressed homeowners, sponsored by Sen. Chris Dodd. · An idea to provide incentives for …

Stop Begging Ben for Help Cooking Banks' Books: Jonathan Weil - Bloomberg

Posted by @ 3:12 pm, April 30th, 2008

Stop Begging Ben for Help Cooking Banks' Books: Jonathan WeilBloomberg - 44 minutes agoApril 30 (Bloomberg) — Orange County, California, gave us much of the mortgage mess. Now one of its local congressmen is seeking new ways to keep us from …

Experian: Severe Deliquencies Up 15 Percent in February - Housing Wire

Posted by @ 2:20 pm, April 30th, 2008

Experian: Severe Deliquencies Up 15 Percent in FebruaryHousing Wire - 22 minutes agoCalifornia (12.4 percent of mortgage accounts are severely delinquent), Florida (8 percent of mortgage accounts are severely delinquent) and Texas (6.3 …