Refinancing Mortgage Rate Mizuho plans to raise $2.8 billion with preferred stock - Reuters by A Mortgage

Sat, 23 Aug 2008 19:00:09 -0600

Refinancing Mortgage Rate Mizuho plans to raise $2.8 billion with preferred stock - Reuters

by A Mortgage @ Sat, 23 Aug 2008 19:00:09 -0600

Mizuho, Japan's second-largest ... TOKYO (Reuters) - Japan's Mizuho Financial Group (8411.T: Quote , Profile , Research , Stock Buzz ) plans to raise $2.8 billion by issuing preferred shares, as the subprime-hit bank looks to shore up its capital base. There is no upper age limit set by HUD for the borrower. Nor is there a certain income level that the borrower must achieve in order to buy a home at a certain price. And although income is certainly an important factor, it is simply one of the several determining factors which are used by the HUD to find whether the borrower will be able to repay the mortgage.


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