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The Bailout, and a Keen Eye on Fixed Income (Barron's Online via Yahoo! Finance)
We were especially keen on speaking with Fisher, because he straddles two worlds: His office faces the fixed-income trading floor at money manager BlackRock in midtown Manhattan; he also worked in Washington in the upper reaches of the Treasury Department.
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Countrywide borrowers to get mortgage relief (SouthtownStar)
Borrowers stuck with mortgages they can't afford from Countrywide Frinancial could see their interest rates reduced or have the loan principal cut under an $8.7 billion settlement worked out by Bank of America, Illinois, and California. Other borrowers might get help moving to a new home or pay nothing but interest for a decade.
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Countrywide borrowers bailed out (SouthtownStar)
A loan modification program that's part of an $8.7 billion national settlement about deceptive mortgage practices will help tens of thousands of borrowers stay in their homes and could be a national model, Illinois Attorney General Lisa Madigan said Monday.
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BofA news release (The Charlotte Observer)
Bank of America Announces Third Quarter Earnings and Capital Raising Initiatives Monday October 6, 4:10 pm ET Earns $1.18 Billion, or $0.15 Per Share Selling Approximately $10 Billion in Common Stock Reduces Fourth Quarter Dividend 50 Percent to $0.32 CHARLOTTE, N.C., Oct. 6 /PRNewswire-FirstCall/ -- Bank of America Corporation today reported third quarter 2008 net income of $1.18 ...
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HOUSING: Who qualifies for a lower payment? (North County Times)
A new loan modification program announced Monday aims to prevent 125,000 vulnerable Countrywide customers in California from losing their houses to foreclosure.
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To pay IRS, consider loan options carefully (Richmond Times-Dispatch)
A day of reckoning is approaching for some small-business owners: Oct. 15, when those who got extensions of the deadline for filing 2007 tax returns must now send in their completed forms -- and pay any tax they owe.
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Bank of America to modify home loans (Long Beach Press-Telegram)
Agreement in the face of a lawsuit will help troubled Countrywide borrowers.
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B of A to modify home loans (Daily Breeze)
Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes. » BLOG: South Bay business news
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B. of A. to shore up Countrywide loans (KATU Portland)
Some borrowers stuck with Countrywide customers might qualify for having to pay nothing but interest for a decade. Even people who can't afford to keep their homes with such changes will be able to get help moving to a new home.
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Bank of America Announces Third Quarter Earnings and Capital Raising Initiatives (PR Newswire via Yahoo! Finance)
Bank of America Corporation today reported third quarter 2008 net income of US$1.18 billion, or US$0.15 per share, down from US$3.70 billion, or US$0.82 per share, a year earlier.
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