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Example Headline of Genre for Date
ServiceMaster Goes Where the Grass Is Greener
BusinessWeek Online - Despite volatility in major stock indexes and worries about a meltdown in the subprime mortgage market, the torrent of private-equity deals hasn't let up in 2007. The latest example: Private equity firm Clayton, Dubilier & Rice said Mar. 19 that it will buy ServiceMaster for around $5.5 billion, only a few months after the Downers Grove (Ill.)-based lawn care and pest control company had announced the possibility of selling itself. Investors bid up ServiceMaster's stock more than 12% after the development.
Accredited secures financing
Reuters - Accredited Home Lenders Holding Co.
, a struggling provider of so-called subprime
mortgages, said on Tuesday it secured fresh financing from a
San Francisco hedge fund, helping it avert a cash crunch that
has threatened the entire subprime industry.
US housing starts jump 9 percent
AFP - US housing starts rebounded with a surprisingly strong nine percent jump in February after a big slump in the prior month, the Commerce Department reported Tuesday.
Fannie Mae ends deal with New Century
AP - Fannie Mae will no longer allow New Century Financial Corp. to sell mortgage loans to the U.S. government-sponsored company, alleging the troubled lender has breached the terms of its contracts, New Century said Tuesday.
Lawmaker queries regulators on subprime lending
Reuters - The chairman of the U.S. Senate's
Banking Committee on Tuesday said he has written letters to
regulators outlining questions he has about their handling of
the subprime mortgage lending crisis.
Senator wants subprime answers, warns on alt-A
Reuters - The chairman of the U.S. Senate
Banking Committee asked banking regulators on Tuesday to
explain their handling of the subprime mortgage lending crisis
and warned that problems may be spilling into another sector of
the mortgage market.
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