Prudential Mortgage closes $100M client loan for retail properties

October 15th, 2009 41 people charged in mortgage fraud in NYNEW YORK — Federal authorities have charged 41 people in a mortgage fraud involving tens of millions of dollars across New York state. The U.S. attorney's office in Manhattan scheduled a news conference Thursday to reveal details of the case.

October 15th, 2009 41 people in 4 states charged in mortgage fraudNEW YORK — Federal authorities have charged 41 people in a mortgage fraud involving tens of millions of dollars. Thirty-one people have been arrested in New York, Pennsylvania, Ohio and North Carolina.

October 13th, 2009 Prudential board approves Say on Pay for holdersNEWARK, N.J. — Prudential Financial Inc.

August 27th, 2009 Kimco Realty repays $145M debtNEW HYDE PARK, N.Y. — Real estate investment trust Kimco Realty Corp.

August 21st, 2009 Burst pipe at Boston high-rise sends 3 to hospitalBOSTON — A pipe burst in the 52-story Prudential Center on Friday, sending three people to the hospital and flooding the building's bottom floors with more than 60,000 gallons of water. The pipe stretched from the basement to the 51st floor and flooded the second floor and below when it burst, fire officials said.

August 12th, 2009 General Growth lenders lose bid in bankruptcy caseCHICAGO — Shopping mall operator General Growth Properties Inc. said Tuesday night that a bankruptcy judge has denied a motion by a group of lenders to keep a handful of its subsidiaries out of bankruptcy.

August 6th, 2009 The servicers in gov't loan-modification planA look at the loan servicers in Treasury's mortgage-modification program, the taxpayer money they could receive and the percentage of eligible loans they've offered to modify so far. The servicers will keep some of Treasury's money and will pass some of it on to investors and homeowners.

August 6th, 2009 Zale closes 118 retail locations in 4th-quarterDALLAS — Jewelry retailer Zale Corp. said Thursday that it closed 118 retail locations in the fiscal fourth quarter due to underperformance.

August 5th, 2009 Tips for borrowers dealing with loan servicersWASHINGTON — Having trouble paying your mortgage? To find out if you qualify for a loan modification, you'll have to work with a loan servicer — the company that collects your mortgage payments. But dealing with these companies can be frustrating and confusing, says Diane Thompson, an attorney with the National Consumer Law Center in Boston.

July 16th, 2009 Gov't stepping up pressure on mortgage companiesWASHINGTON — A government official says the Obama administration is ramping up pressure on the mortgage industry to aid more homeowners on the verge of foreclosure. Herbert Allison, the Treasury Department's assistant secretary for financial stability, says the administration is prodding mortgage companies to add more staff and beef up training as part of an effort to "improve the execution quality of loan modifications." In written remarks prepared for delivery at a hearing of the Senate Banking Committee, Allison says 27 companies are participating in the $50 billion program, which President Barack Obama launched in March.

June 30th, 2009 Chase: 138k mortgages modified in past 3 monthsNEW YORK — Chase said Tuesday it has approved 138,000 trial mortgage modifications for struggling homeowners in the past three months. The company started processing the modifications April 6, as part of President Obama's Making Home Affordable program.

June 30th, 2009 Protesters demand mortgage help from loan firmsPHILADELPHIA — Protests are planned in more than a dozen cities across the country to demand that a group of mortgage companies who benefited from federal bailout money participate in a government program designed to prevent foreclosures. The protesters want the companies to sign on to the Obama administration initiative called "Making Home Affordable." The administration estimates it could help up to 9 million financially troubled homeowners stay in their homes.

June 19th, 2009 ProLogis closes on $347 million in secured loansDENVER — Distribution-facility owner ProLogis said Thursday it has closed on three secured loans totaling $347 million that it will use to pay off other corporate debt. Denver-based ProLogis said it closed on the loans with two major life insurance companies.

June 1st, 2009 Prudential passes on TARP funding; to issue stockNEW YORK — Prudential Financial Inc. said Monday it will not take funds from the government's financial rescue program, but it is planning to raise $1.25 billion on its own through a common stock offering.

March 19th, 2009 THIRUVANANTHAPURAM - Private life insurer ICICI Prudential Life is focussing on consolidating business in Kerala rather than going for major expansion, a top official said here Wednesday. In the first 11 months this fiscal, the company's business has crossed Rs.4.05 billion (Rs.405 crore), ICICI Prudential vice-president K.S.