Finance Latest News: Carl Icahn Secures $5.2 Billion in Financing for Dell Bid

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Finance Latest News: Carl Icahn Secures $5.2 Billion in Financing for Dell Bid

Finance Latest News: Carl Icahn Secures $5.2 Billion in Financing for Dell Bid
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Finance Latest News: Carl Icahn Secures $5.2 Billion in Financing for Dell Bid

by Wochit 0:52 mins

Carl Icahn has secured $5.2 billion in financing from banks and institutional investors for his offer for Dell Inc, people familiar with the matter said. Hundreds of thousands of struggling borrowers could be in for a pleasant surprise: a quick and easy way to get their mortgage payments back on track. Through a new effort called the Streamlined Modification Initiative, borrowers with mortgages backed by Fannie Mae and Freddie Mac will start receiving offers from lenders but only if they are at least 90 days behind on payments. US stocks are starting the second half of 2013 on a positive note, after the market closed out its best first half of a year in more than a decade.

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