Posts Tagged ‘funds’

Invesco PowerShares Lists Industry’s First ETF Portfolio of Closed-End Funds on the NYSE Arca

Invesco PowerShares Lists Industry’s First ETF Portfolio of Closed-End Funds on the NYSE Arca
CHICAGO, IL–(Marketwire – February 19, 2010) – Invesco PowerShares, a leading provider of exchange-traded funds (ETFs), announced the PowerShares CEF Income Composite Portfolio began trading today on the NYSE Arca under the ticker symbol PCEF. The PowerShares CEF Income Composite Portfolio is the first ETF designed to provide investors access to a portfolio of closed-end funds. The fund, which …

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Washington AG announces availability of foreclosure assistance funds

Washington AG announces availability of foreclosure assistance funds
Washington Attorney General Rob McKenna announced $1.8 million in grants and direct consumer payments are available for people who have lost their homes to foreclosure and to those who are struggling to make their mortgage payments

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Fed Seeks Help From Money Funds to Drain $1 Trillion (Update1)

Fed Seeks Help From Money Funds to Drain $1 Trillion (Update1)
The Federal Reserve is in talks with money-market mutual funds on agreements to help drain as much as $1 trillion from the financial system as policy makers prepare for the first interest-rate increase since June 2006, according to a person familiar with the discussions.

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Council denies Lifeplex payroll funds

Council denies Lifeplex payroll funds
Annapolis County council has decided not to approve a request for $40,000 to the Basin Wellness Society (BWS), it said Friday in a media release…

Read more on The Annapolis County Spectator

GMAC May Give Funds to Mortgage Unit, Moody’s Says (Update1)

GMAC May Give Funds to Mortgage Unit, Moody’s Says (Update1)
Feb. 5 (Bloomberg) — GMAC Inc. , whose leader has called its money-losing mortgage unit “a millstone around the company’s neck,” may need to contribute more capital to the operation, according to Moody’s Investors Service.

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Chittenango Habitat for Humanity funds going cold

Chittenango Habitat for Humanity funds going cold
CHITTENANGO — The Habitat for Humanity home under construction in Chittenango is about 75 percent complete, but its funding is not.

Read more on The Oneida Daily Dispatch

Canadian Funding Corporation Funds 2nd Mortgage to Scott Bateman and Karen MCcConnell

Canadian Funding Corporation Funds 2nd Mortgage to Scott Bateman and Karen MCcConnell
Canadian Funding Corporation keeps Sudbury couple in their home, despite a mining strike, and banking difficulties. The Canadian Funding Corporation’s president, Moishe Alexander, provided a second mortgage with a high loan to value of 86%.

Read more on PRWeb via Yahoo! News

TCW Investors May Move Money to Other PPIP Funds (Update1)

TCW Investors May Move Money to Other PPIP Funds (Update1)
Jan. 5 (Bloomberg) — TCW Group Inc. investors who put $500 million into a fund to buy mortgage securities from banks have the option to shift money to other managers in the government- sponsored program, the U.S. Treasury Department said.

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U.S. mortgage aid funds moving slowly

U.S. mortgage aid funds moving slowly
Money only now going to community groups; must be committed by August 27 The foreclosure crisis might be fast-moving, but the wheels of government – not so much.

Read more on Baltimore Sun