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Origin on cusp of major loan for LNG expansion

18.05.12

Origin Energy is reportedly closing in on securing a $US2.95 billion ($A2.93 billion) loan from the US government's Export-Import Bank, which would be a crucial step in funding the $US6 billion expansion of the Australia Pacific LNG plant at Gladstone, according to a report by The Australian
Source: Business Spectator

Outgoing Fannie Mae CEO Doesn't Support Principal Write-Downs

18.05.12 By Nick Timiraos

Fannie Mae’s chief executive said in an interview Wednesday that he doesn’t think the company should participate in programs to write down principal for homeowners who owe more than their homes are worth.

The Obama administration has offered to subsidize the cost of those write-downs, and Fannie’s federal regulator has weathered heavy criticism from Democrats in recent months for resisting modifications that forgive debt.


Source: Wall Street Journal (blog)

BRT Realty Trust Reports Results for the Three Months Ended March 31, 2012

18.05.12 , A real estate investment trust that originates and holds for investment short term, senior mortgage loans secured by commercial and multi-family real estate and participates as an equity investor in joint ventures which acquire multi-family residential properties and other real estate assets, today announced operating results for the three months ended March 31, 2012.


Source: MarketWatch (press release)