Mortgage and Financial News From 2008-6-18 Page 10

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• Vulcan's senior unsecured notes issue rated 'A3'; outlook negative ... - Forbes

  MUMBAI (Thomson Financial) - Moody's Investors Service said it assigned its 'A3' rating to asphalt and concrete supplier Vulcan Materials Co. 's senior unsecured notes issuance aggregating about $650 million. The notes, issued under the company's ...
  2008-06-17 10:56:00

• Can XM, Sirius Survive if Merger Doesn't? - Street.Com

  The inability to refinance debt amid weak economic conditions could spell doom for XM Satellite Radio XMSR and Sirius Satellite Radio SIRI , if their proposed merger fails to win the support of dueling regulators. The stocks for both companies have ...
  2008-06-18 04:03:00

• Razgulay plans to raise about $277 million via capital increase - CNBC

  MOSCOW (Thomson Financial) - Razgulay Group OJSC said it plans to carry out a capital increase by September in order to raise about $277 million, Interfax reported. The Russian agricultural group plans to use the funds to refinance debt and purchase ...
  2008-06-18 01:04:00

• Mortgage application volume fell last week (CNN Money)

  Refinance applications hit their lowest levels of the year. Interest rates on home loans rise.
  2008-06-18 05:18:54

• BPI Energy Expands Leasehold Interest in Illinois Basin (Business Wire via Yahoo! Finance)

  CLEVELAND----BPI Energy Holdings, Inc. , an independent energy company engaged in the exploration, production and commercial sale of coalbed methane in the Illinois Basin, today announced it has entered into a lease agreement with Western Fuels of Illinois, Inc., for the rights to Herrin and Springfield coalbed methane and coal mine methane gas over an area of approximately 5,600 acres.
  2008-06-18 05:30:00

• Budgets pass (Franklin Press)

  The Macon County Board of Commissioners voted unanimously to adopt the Fiscal Year 2008-09 budget ordinance during their regular meeting Monday night.
  2008-06-18 05:32:18

• Mortgage Applications Fell Nearly 9 Percent Last Week (Nasdaq)

  (RTTNews) - Mortgage application volume continued to fall during the week of June 13, according to the Mortgage Bankers Association's weekly application survey.
  2008-06-18 06:54:09

• Inflation-linked bonds planned (The Nation - Thailand's English news)

  New paper to be hedge amid high prices
  2008-06-18 06:59:02

• Mortgage Expert: Getting property appraised - Jerusalem Post

  A: Thank you for your question. The shorter, cheaper appraisal required by most Israeli mortgage banks, includes basic information such as current value of the property, quick resale value, rebuilding costs (used for insurance purposes) and a short ...
  2008-06-18 03:20:00

• Pound Drops; Bank of England Not `Urgently' Drawn to Lift Rates - Bloomberg

  June 18 (Bloomberg) -- The pound fell for a second day against the dollar as minutes from this month's Bank of England policy meeting showed members decided an interest-rate increase wasn't ``urgently'' required to keep inflation contained. The ...
  2008-06-18 03:56:00

• Mortgage Applications Plunge on Soaring Rates - CNBC

  Applications for U.S. home mortgages dropped for the fourth week in the last five as soaring rates on standard, fixed-rate mortgages choked off refinancing opportunities, an industry group said on Wednesday. CNBC.com The Mortgage Bankers Association ...
  2008-06-18 03:56:00

• Dollar Advances Against Yen, Snaps Two-Day Decline Versus Euro (Bloomberg.com)

  June 18 (Bloomberg) -- The dollar rose against the yen and snapped two days of declines versus the euro as oil fell for a fourth day and rising stocks encouraged investors to buy higher- yielding assets financed in Japan.
  2008-06-18 04:34:51

• County home sales up 2nd month in row (The Santa Rosa Press Democrat)

  Continuing a spring surge, Sonoma County home sales rose in May and dented the supply of properties on the market for the first time since the onset of the housing slump three years ago.
  2008-06-18 04:37:02

• Opening Bell: What’s Goldman’s Secret? (Columbia Journalism Review)

  Firm weathering credit storm; stagflation alert; tougher toy regs; lenders screw poor students; etc.
  2008-06-18 05:00:32

• GLOBAL MARKETS-Dollar edges up, bank worries drag on stocks (Reuters via Yahoo! Singapore News)

  (Updates throughout, changes dateline)
  2008-06-18 05:01:59

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