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13 Aug 2013

Indiabulls Housing Finance buys back Amaprop's 42.5 percent stake in subsidiary for $42.5 mln

"Public issue by our company of NCDs aggregating up to Rs 1,500 million with an option to retain over-subscription up to Rs 1,500 million for issuance of additional NCDs aggregating to a total of up to Rs 3,000 million," it added. Funds raised through this issue would be used for financing activities, including lending and investments, besides utilising them to repay existing loans, capital expenditure plans and to meet working capital requirements, the company said. ICICI Securities is the lead managers to the issue, while Link Intime India is registrar to the issue. Muthoot Finance, is one of the largest gold...



12 Aug 2013

Minister of Finance Ahmed Galal said Islamic bonds By Ahmed Farhat Minister of Finance Ahmed Galal said Islamic bonds subject has so far received more attention than necessary (Photo from Centre for International Governance Innovation website) Laws, legislative rules and regulations governing Islamic bonds will be implemented as planned, as part of government efforts to revive the economy, according to Finance Minister Ahmed Galal. Galal said the subject has so far received more attention than necessary and he sought to address the issue in an appropriate manner. He refused to say who would assume the role of Chairman of the Islamic Bonds Division within the ministry, after the sacking of previous chairman Ahmed Al-Nagar. A source within the Ministry of...



11 Aug 2013

Five Takeaways on Housing-Finance Reform From Obama’s Town Hall

The Senate bill, though, remains at odds with the bill advancing in the Republican-controlled House of Representatives that would liquidate Fannie Mae and Freddie Mac over five years and limit government loan guarantees. RESTRUCTURING MORTGAGE SYSTEM TO TAKE YEARS Fannie Mae and Freddie Mac became dominant players in housing finance when private lending to home-buyers declined after the financial crisis. The government-backed companies own or guarantee more than half of all U.S. home loans and are critical to keeping capital flowing to lenders and borrowers.

Indiabulls Housing Finance to raise Rs 10,500 crore debt in Fiscal...



11 Aug 2013

A housing tax credit that helps And in downturns, their support helped keep mortgages available for new borrowers. A case in point: Since the financial market collapse in 2007, almost 90% of the country's mortgages have been bought or guaranteed by the two companies. Some critics blame Fannie and Freddie's troubles on government mandates to finance more loans for lower-income Americans. But Wall Street firms started the rush into risky subprime and exotic loans; Fannie and Freddie just followed their competitors' lead.

Car finance experts Car Loan 4U comments on the Jaguar XFR-S

Macclesfield, Cheshire (PRWEB UK) 9 August 2013 Jagaur has launched its new XFR-S model, which is on sale now and priced at...



10 Aug 2013

Reminder - Fifth Street Finance (FSC) Goes Ex-Dividend Soon

FSC+Dividend+History+Chart Some critics blame Fannie and Freddie's troubles on government mandates to finance more loans for lower-income Americans. But Wall Street firms started the rush into risky subprime and exotic loans; Fannie and Freddie just followed their competitors' lead. The real problem with Fannie and Freddie was that the public assumed correctly, as it turns out that the government wouldn't allow them to fail, making them more attractive to lenders and investors. They grew too big and took on far too much risk, precipitating a $187-billion bailout. Fannie and Freddie demonstrate that Washington can't use government-sponsored private companies to carry...



08 Aug 2013

MY BIZ: Finance Ministry may back RBI The government has been considering issuing NRI bonds or sovereign bonds to raise more long-term foreign capital to finance the widening current account deficit, which touched a whopping 4.8 per cent of GDP. MY BIZ: RBI on a rupee rescue mission This would decrease the current volatility in the rupee as the country has become critically dependent on hot overseas money flowing into stock markets to finance CAD. This money has tendency to flow out at short notice. The moral suasion approach has also gained ground as RBI is opposed to issuing sovereign bonds as it feels that the cost of such an issue would outweigh the benefits. RBI governor D.

Obama to back mortgage finance reform to...



08 Aug 2013

photo_1375619229361-1-HD.jpg He threatened that if the government does not tackle a number of key issues quickly, he will question the prime minister and other ministers in parliament. MP Maasouma al-Mubarak, normally close to the government, said she was shocked by the new cabinet line-up which indicates to new crises in the country after retaining ministers who could not perform. She did not name those ministers. The previous cabinet, also headed by Sheikh Jaber, resigned last week in a routine process following a general election.

Fix the mortgage finance system

But critics worry that the House plan might eliminate the availability of 30-year, fixed-rate mortgages. The Houses ambitious bill isnt as likely...



08 Aug 2013

Finance Committee Hold Public Hearing on Proposed Merrimack Valley Casino

ET Siena Lending Group Closes Credit Facility With Wells Fargo Capital Finance Text Financing Fuels Loan Growth and Business Expansion STAMFORD, Conn., Aug. 7, 2013 /PRNewswire/ -- Siena Lending Group and its affiliates ("Siena"), a leading provider of asset-based lending to businesses in the lower middle market, announced the completion of a revolving credit facility with Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC). Siena will use this credit facility to expand its balance sheet and continue funding small and medium sized businesses throughout the United States. Siena's loan products include commercial...



07 Aug 2013

Siena Lending Group Closes Credit Facility With Wells Fargo Capital Finance

"It's really just proof of concept right now, we're trying to create the first cultured beef hamburger," he said in the video. "From there I'm optimistic that we can really scale by leaps and bounds." A burger taste test was held in London for the lab-grown meat Monday, and although it's not quite as good as real meat just yet according to the testers, it seems the project was positively received. In the past year, Brin has been bestknown for his work leading Google's smartglasses effort. Brin has been seen almost everywhere he goes sporting Google Glass, which could come out as early as next year.

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07 Aug 2013

George Clooney Ought To Stick To Filmmaking, And Leave Finance To Daniel Loeb

The ministers of commerce, development, social affairs and labour, education and Islamic affairs were retained. Newly-elected MP Issa al-Kundari was appointed communications minister. The cabinet retains the two female ministers in the same posts and has two members from the Shiite minority. "It appears we are before a policy that will never change and a mentality that has not understood the message of the election," independent Shiite MP Faisal al-Duwaisan said in a statement.

Obama to back mortgage finance reform to speed housing recovery

Obama would want the Senate measure to go farther in...