Mortgage and Financial News From 2008-1-15 Page 63

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• Commerce Bancshares, Inc. Announces Fourth Quarter and 2007 Earnings - Centre Daily Times

  Commerce Bancshares, Inc. Announces Fourth Quarter and 2007 EarningsCentre Daily Times, PA - 5 minutes ago... to the previous quarter as a result of both higher balances and rates, occurring mainly in mortgage-backed and other asset-backed investment securities. ...
  2008-01-15 06:39:56

• Fitch Rates Florida Power & Light's Secured Bonds Issue 'AA ... - Centre Daily Times

  Fitch Rates Florida Power & Light's Secured Bonds Issue 'AA ...Centre Daily Times, PA - 5 minutes agoNEW YORK — Fitch Ratings has assigned an 'AA-' rating to Florida Power & Light Company's (FP&L) $600 million new issue of secured first mortgage bonds, ...
  2008-01-15 06:39:56

• No relief in sight, Rudd warns homeowners - NEWS.com.au

  No relief in sight, Rudd warns homeownersNEWS.com.au, Australia - 2 minutes agoA rate rise on February 5 would be a double whammy for already struggling families, who last week suffered more mortgage pain when the country's major banks ...
  2008-01-15 06:42:51

• Ocwen Financial Corporation Announces Receipt of 'Going Private' Proposal at $7.00 per Share (PrimeNewswire via Yahoo! Finance)

  WEST PALM BEACH, Fla., Jan. 15, 2008 -- Ocwen Financial Corporation today announced that its Board of Directors has received a proposal from a group of investors led by William C.
  2008-01-15 06:15:56

• 4 dead after shooting at Indiana home (Detroit Free Press)

  INDIANAPOLIS — Police searched today for two men believed to have run from a home where two women and two children were fatally shot.
  2008-01-15 06:18:05

• PM: Brace yourselves (Adelaide Now)

  KEVIN Rudd has warned homeowners of "tough times ahead" as the Reserve Bank strongly indicated struggling families face another interest rate rise next month.
  2008-01-15 06:18:21

• Gov. Perdue Wants Recruiters In Schools (CBS 46 News Atlanta)

  Gov. Sonny Perdue wants to add recruiters in schools to get parents more involved.
  2008-01-15 06:20:56

• Returning Congress to address economy, presidential veto, war (The World)

  WASHINGTON — Still smarting from the partisan wars of 2007, Congress confronts a sinking economy, a lingering war and election-year politics as it gets back to work for the 2008 session.
  2008-01-15 06:25:18

• Fitch Rates Florida Power & Light's Secured Bonds Issue 'AA-'; Outlook Stable (Business Wire via Yahoo! Finance)

  NEW YORK----Fitch Ratings has assigned an 'AA-' rating to Florida Power & Light Company's $600 million new issue of secured first mortgage bonds, 5.95% series due Feb. 1, 2038. FP&L's Issuer Default Rating is 'A'.
  2008-01-15 06:26:00

• Studios scrap dozens of writers' contracts (Detroit Free Press)

  LOS ANGELES — Four major studios have canceled dozens of writers' contracts in a possible concession that the current television season cannot be saved, the Los Angeles Times reported Tuesday.
  2008-01-15 06:33:06

• Commerce Bancshares, Inc. Announces Fourth Quarter and 2007 Earnings (Centre Daily Times)

  Commerce Bancshares, Inc. (NASDAQ: CBSH) announced earnings of $.60 per share for the three months ended December 31, 2007, a decrease of 21.1% compared to $.76 per share in the fourth quarter of 2006. Net income for the fourth quarter amounted to $43.7 million compared to $57.0 million in the same period last year. The current quarter included a pre-tax charge of $21.0 million related to the ...
  2008-01-15 06:40:08

• Fitch Rates Florida Power & Light's Secured Bonds Issue 'AA-'; Outlook Stable (Centre Daily Times)

  Fitch Ratings has assigned an 'AA-' rating to Florida Power & Light Company's (FP&L) $600 million new issue of secured first mortgage bonds, 5.95% series due Feb. 1, 2038. FP&L's Issuer Default Rating (IDR) is 'A'. Proceeds from the new issue will be added to general corporate funds and may be used to repay short-term borrowings and for other corporate purposes. As of Jan. 7, 2008, FP&L had $765 ...
  2008-01-15 06:40:33

• It May Be Time to Refinance, If You Play It Smart (TheStreet.com)

  Interest rates are declining -- just watch the added costs, and don't get greedy.
  2008-01-15 06:42:27

• Across Missouri: Mayor jailed in sex sting

  Kansas City Star - JEFFERSON CITY | Mortgage fraud crime As national concern about home foreclosures and subprime loans grows, Gov. Matt Blunt on Monday proposed sending swindlers to prison. Blunt’s plan would make mortgage fraud a state felony, with a sentence of up ...
  2008-01-14 03:48:00

• New Evergreen bond hearing set

  Akron Beacon Journal - Evergreen Corp. President David B. Willan, the principal defendant in a 147-count indictment alleging Akron-area mortgage fraud, will have another court hearing next week in his attempt to get out of the Summit County Jail on bond. Willan, who has ...
  2008-01-14 07:37:00

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