11/10/2008 News For:
Debt Mortgage Relief Second
Bank of America takes on $16.6B debt The bank has assumed debt from the previously acquired mortgage lender Countrywide as part of the integration process, according to a SEC filing.
BofA assumes Countrywide debt By Rick Rothacker, Brrothacker@charlotteobserver.com Bank of America Corp. today said it was assuming $16 billion in Countrywide Financial Corp. debt obligations as part of its July 1 acquisition of the mortgage lender. In a securities filing today, the Charlotte bank said it ?transferred substantially all of Countrywide's assets and operations? to Bank of America last week, including ...
US mortgage finance giant Fannie Mae posts 29 bln dlr loss Fannie Mae, the US mortgage finance giant bailed out by the government, reported Monday a third-quarter loss of 28.99 billion dollars due to the slump in the real estate sector.
Md. Seeks More Mortgage Companies in Relief Effort ANNAPOLIS , Md. - Gov. Martin O'Malley said Friday he's hoping an agreement with six mortgage servicing companies to help struggling homeowners avoid foreclosure will pressure other companies to join the effort.
BofA assumes Countrywide debt Bank of America Corp. today said it was assuming $16 billion in Countrywide Financial Corp. debt obligations as part of its July 1 acquisition of the mortgage lender. In a securities filing today, the Charlotte bank said it ?transferred substantially all of Countrywide's assets and operations? to Bank of America last week, including debt securities and related guarantees. ?We have assumed ...
Bank of America to Assume $16.6 Billion of Countrywide Financial Debt Bank of America BAC: sentiment, chart, options said today that it agreed to assume %2416.6 billion of debt and guarantees from Countrywide Financial, the mortgage lender BAC acquired earlier this year... Read More
GM says GMAC mortgage unit may not survive DETROIT -- Bad news kept piling up for General Motors Corp. on Monday as its shares plunged to their lowest point in 60 years and the company said in a government filing that the mortgage unit of its finance arm may not survive.
TODAYS DEALS: NorthMarq Capital Arranges $21.5M Mortgage Refinance for Mixed-Use Condo Project Philadelphia--NorthMarq Capital Inc.?s New York City regional office recently arranged a $21.5 million mortgage refinance of existing debt for a 180,000 sq. ft. mixed-use condominium project located in The Packard Building pictured on the southeast corner of 15th and Chestnut Streets in Philadelphia.
Thornburg Mortgage Reports 3Q Earnings SANTA FE, N.M.----Thornburg Mortgage, Inc. , today reported net income for the quarter ended September 30, 2008, of $140.0 million, or $1.23 diluted earnings per common share based on a weighted average of 110.1 million common shares and penny warrants outstanding.
US mortgage finance giant Fannie Mae posts 29 bln dlr loss Fannie Mae headquarters in Washington, DC in mid July. Fannie Mae, the US mortgage finance giant bailed out by the government, reported a third-quarter loss of 28.99 billion dollars due to the slump in the real estate sector.
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