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Challenge to BofA`s modified mortgages Lender facing legal challenge over a multi-billion dollar promise to modify home loans for 400,000 borrowers. Greenwich Financial Services wants to force it to buy back about $80bn of mortgages at face value FT.comDebts May Roadblock Auto Bailout They'll park some corporate jets, cut executive pay and serve up concessions from the United Auto Workers, but Ford, GM and perhaps Chrysler will also have to address massive debts to persuade a skeptical Congress to loan them money. CBS NewsSun Healthcare Group, Inc.: Sun Healthcare Group, Inc. Resets Interest Rate on $154 Million of Bank Term Loans at 4.1 Percent IRVINE, CA (MARKET WIRE) Sun Healthcare Group, Inc. (NASDAQ: SUNH) today announced that variable interest rates on $154.4 million of its outstanding bank term loans were reset in late Nov. 2008 at an average nominal rate of 4.13 percent. The variable interest rates are based on LIBOR plus a spread of 200 basis points. Interest rates can generally be reset for periods of one month to six months. Marketwire.comA look at economic developments around the world (AP) A look at economic developments and stock-market activity around the world Monday: ------ LONDON -- Royal Bank of Scotland Group PLC said it would give homeowners who miss mortgage payments at least six months before starting repossession action -- double the three months it used to give. yahoo.comBail-out refusal knocks billionaire No state bail-out for industrial patriarch caught in the same extraordinary surge in VW's share price that left many large hedge-funds reeling in October. Bankers say talks of a bridge loan were very complicated FT.comInvestors sue Countrywide to force loans purchase (Reuters) A group of bond investors sued Bank of America -owned Countrywide Financial on Monday demanding that Countrywide buy every mortgage loan for which it agrees to reduce payments under a predatory lending settlement deal. yahoo.comReport: Bond investors sue Countrywide A group of bond investors is demanding that Countrywide Financial Corp. purchase mortgage loans for which it plans to reduce borrowers’ payment terms. (BAC) Bizjournals.comBT appointment ... InBev shifts focus ... Loans up Economics UK manufacturing: Activity fell at its fastest pace for almost 19 years last month as output and orders plummeted, the latest CIPS/Markit purchasing managers’ survey of the sector sh... TelegraphAdministration was warned of economy`s collapse WASHINGTON -- The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents. Seattle Post-IntelligencerPaulson leaves door open for FDIC mortgage modification plan Treasury Secretary Henry Paulson indicates he might support a new approach to slowing foreclosures, but he didn't go so far as to back a proposal introduced last month by Federal Deposit Insurance Corp. chief Sheila Bair. Market Watch1 2 3 4 5 |
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Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
Feedzilla manually aggregates news summaries found in RSS feeds, and redistributes them in either RSS format or as a news widget. Content is collected 24 hours a day, 7 days a week from an ever-growing list of providers.
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]