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I also want to thank you on behalf of the people whom L’Arche serves who are
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Blessings,
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Canadian Funding Corporation, in conjunction with its CEO, Moishe Alexander, recently funded a 34 unit condominium development in Southern Ontario. The project, which has now been completed, is 100% sold out.

Moishe Alexander and his co-lenders funded the deal with no presales when the bank said no. The project is now complete with 100% sell out and the developer says “Thanks to Canadian Funding Corporation we were able to develop this 34 unit premiere condominium project which is 100% sold out and will be another anchor project, Thanks Moishe”.

Moishe Alexander noted that the economics of the deal made sense, even though it did not meet the criteria that banks use for funding. As a result, the Canadian Funding Corporation was able to provide funding.

About Moishe Alexander and the Canadian Funding Corporation

As Founder and President of Canadian Funding Corporation, Mr. Moishe Alexander has led the way in funding commercial mortgages and small to large construction projects, including large multi-residential building sites.

When no other lender would assist families in need of a third mortgage to save their homes, Mr. Moishe Alexander provided the necessary relief. Moishe Alexander led his team of real estate and mortgage lending experts at Canadian Funding Corporation in creating a specific funding plan to keep families in their homes.

Canadian Funding Corporation was developed in 2005 by Moishe Alexander and is based out of the greater Toronto, Ontario area. By competently assessing the risks involved, Moishe Alexander is able to analyze all options available and provide the best solution for his respective clients, even if banks or private lenders have turned them away before. Through Canadian Funding Corporation and the large network he has acquired in the mortgage and finance business over the past three years, Moishe Alexander has access to over $75 million in private funds and, therefore, is able to fund just about any transaction.

Mr. Moishe Alexander is also a philanthropist and donates a great deal of his personal time to the community. Moishe Alexander enjoys helping the poor and families in need, regularly donating to charities such as the United Chesed Charity, the Jada Foundation, the Humane Society, and the Canadian Cancer Society. When not working at Canadian Funding Corporation, Moishe Alexander is busy coordinating committees for events held by the many aforementioned charities.

Barrick, in a move that shows its faith that gold will continue to rise, announced an equity sale of at least $3 billion late on Tuesday, to be used to eliminate all of its fixed-price gold hedges and a portion of its floating hedges.

On Wednesday morning the world’s top gold miner boosted the offering amount to at least $3.5 billion, or as much as $4 billion if an overallotment is exercised, citing strong investor demand.

Buying back the hedges — which will result in a $5.6 billion charge to third-quarter earnings — should remove a major overhang on the company’s shares, as investors have long called for Barrick to completely exit its hedge book.

During times of weak prices, gold miners often sell a portion of their future production to protect, or hedge, against the possibility that prices will fall.

When prices rise, as they have done since 2001, the company suffers because value of the future production they’ve sold does not increase with the gold price.

Barrick will spend $1.9 billion to eliminate its entire fixed-price position of 3 million ounces — on which the company essentially loses money every time gold rises — and will pay $1 billion to buy back a portion of its floating-price position.

Jennings Research analyst Ron Coll called the move positive, both in terms of the company’s ability to fully benefit from rising gold prices and in terms of what it suggests about Barrick’s own expectations for the metal.

“It is a signal that the industry’s largest producer does not want to be caught out in what it views as a fundamentally and inflationary driven increasing gold price environment,” he said in a note.

He maintained a C$50 target on the shares, despite the dilutive impact of the offering, which could raise Barrick’s share count by as much as 12.5 percent.

Investors, however, put pressure on the stock following a delayed open on the Toronto Stock Exchange, selling it down C$1.75 to C$40.70. The price of gold XAU=, meanwhile, was hovering just below $1,000 an ounce, having risen about 5 percent so far this month.

Blackmont Capital’s Richard Gray cut his target on Barrick stock to C$48.50 from C$49.00, but said the move was a major positive for both the company and the entire gold market.

“From an overall market standpoint, the buyback of the 3 million ounces in the market should have a positive impact, but just as important is the monumental signal by the world’s largest gold company that it believes gold prices are poised to increase further,” he said in a note.

“We believe this move by Barrick will help to sustain gold prices above $1,000 an ounce over the next 6-12 months.”

Open Exchange: Spotlight – Barrick Gold Corp. – Bloomberg
Shaping the Post-Crisis World – Live! From World Economic Forum in Davos, Switzerland: Interview with Barrick Gold Chairman Peter Munk

Al Fischer of Massapequa planned to reach the milestone Tuesday, 58 years after he started giving blood.
According to a New York Blood Center official, only 83-year-old Maurice Wood has donated more blood than Fischer. Wood is a retired railroad inspector from St. Louis.

The human body contains approximately 6 quarts (or 5.6 liters) of blood.

* In one day, your blood travels nearly 12,000 miles.
* Your heart beats around 35 million times per year.
* Your heart pumps a million barrels of blood during the average lifetime — enough to fill three supertankers.

Blood is a specialized bodily fluid that delivers necessary substances to the body’s cells — such as nutrients and oxygen — and transports waste products away from those same cells.

In vertebrates, it is composed of blood cells suspended in a liquid called blood plasma. Plasma, which comprises 55% of blood fluid, is mostly water (90% by volume), and contains dissolved proteins, glucose, mineral ions, hormones, carbon dioxide (plasma being the main medium for excretory product transportation), platelets and blood cells themselves. The blood cells present in blood are mainly red blood cells (also called RBCs or erythrocytes) and white blood cells, including leukocytes and platelets. The most abundant cells in vertebrate blood are red blood cells. These contain hemoglobin, an iron-containing protein, which facilitates transportation of oxygen by reversibly binding to this respiratory gas and greatly increasing its solubility in blood. In contrast, carbon dioxide is almost entirely transported extracellularly dissolved in plasma as bicarbonate ion.

Vertebrate blood is bright-red when its hemoglobin is oxygenated. Some animals, such as crustaceans and mollusks, use hemocyanin to carry oxygen, instead of hemoglobin. Insects and some molluscs use a fluid called hemolymph instead of blood, the difference being that hemolymph is not contained in a closed circulatory system. In most insects, this “blood” does not contain oxygen-carrying molecules such as hemoglobin because their bodies are small enough for their tracheal system to suffice for supplying oxygen.

Jawed vertebrates have an adaptive immune system, based largely on white blood cells. White blood cells help to resist infections and parasites. Platelets are important in the clotting of blood. Arthropods, using hemolymph, have hemocytes as part of their immune system.

Blood is circulated around the body through blood vessels by the pumping action of the heart. In animals having lungs, arterial blood carries oxygen from inhaled air to the tissues of the body, and venous blood carries carbon dioxide, a waste product of metabolism produced by cells, from the tissues to the lungs to be exhaled.

Medical terms related to blood often begin with hemo- or hemato- (also spelled haemo- and haemato-) from the Ancient Greek word αἷμα (haima) for “blood”. In terms of anatomy and histology, blood is considered a specialized form of connective tissue, given its origin in the bones and the presence of potential molecular fibers in the form of fibrinogen.

Teen cries blood video provided by Moishe Alexander, Canadian Funding Corp Innovations

Calvino Inman is a 15 year old who has baffled doctors by crying blood.

Ivy Bean was born in 1905. She started using the internet at her Bradford care home just over two years ago. Within months she had thousands of online fans to chat to and became one of the most popular Britons on social networking sites.

While most centenarians receive no more than a telegram from the Queen on their birthday, Mrs Bean receives messages from all over the world. “I’m going to celebrate with a party this afternoon, all being well,” said Ms. Bean.

The 104-year-old said she did not know how long she would continue with her daily web updates. “We’ll have to wait and see – it’s a long time ahead.”

A retired mill worker and great-grandmother, she has collected nearly 30,000 followers on Twitter and nearly 5,000 Facebook friends, making her one of the most-popular Britons on social networking sites.

She shares details of her daily routine and her favourite television programmes, Emmerdale and Deal Or No Deal.

Pat Wright, the manager of 133 Hillside Manor care home in Bradford, said that older people are often written off and stereotyped. “They don’t come in here wanting to sit looking at four walls all day and they don’t all want to knit with a blanket on their knees,” she said.

“They have exercise classes, we have a lady who comes in to give them manicures and facials and some of them play on the Nintendo Wii.”

The great grandmother from Bradford enjoys trips to the seaside.

Announcement of the arrests came at a Thursday afternoon Justice Department press conference conducted by Deputy Attorney General Mark R. Filip and FBI Director Robert Mueller. Filip said the arrests took place in Chicago, Atlanta, Miami, and suburban Maryland among other locations and those arrested included industry borrowers, loan originators, and real estate agents. 60 people were arrested on Wednesday alone with the round-up continuing.

The sweep, code named Operation Malicious Mortgage, was the third major action that the Department of Justice has headed up since 2004 against mortgage fraud and related crimes. The most recent activity has resulted in 144 mortgage fraud cases in which 406 defendants have been charged since March 1. Cases were brought in every region of the country and in more than 50 judicial districts. The FBI estimates that approximately $1 billion in losses resulted from the mortgage fraud schemes employed in these cases.

Mortgage fraud video provided by Moishe Alexander, Canadian Funding Corp Innovations

In general, mortgage fraud involves three distinct types of fraud; lending fraud, foreclosure rescue scams and mortgage-related bankruptcy schemes. Lending fraud frequently involves multiple loan transactions in which industry professionals construct mortgage transactions based on gross fraudulent misrepresentations about the borrower’s financial status, such as overstating the borrower’s income or assets, using false or fictitious employment records or inflating property values. Foreclosure rescue scams involve criminals who target legitimate homeowners in dire financial circumstances and fraudulently collect fees for foreclosure prevention services or obtain ownership interests in residential properties. Both of these fraudulent mortgage schemes may be furthered by filing bankruptcy petitions that automatically stay foreclosure.

In the case of the recent DOJ action, the most common type of mortgage fraud was misstatement of income or assets, followed by forged documents, inflated appraisals and misrepresentation of a buyer’s intent to occupy a property as a primary residence. Filip said, “The integrity and credibility of these markets depend upon fair dealing. While the law cannot dictate economic outcomes or protect individuals from bad investment decisions or unlucky greats, it does protect them from fraud.” He said that the investigation and prosecution of these crimes will continue.

In a separate action, an indictment was unsealed in the Eastern District of New York charging two Bear Stearns portfolio managers with conspiracy, securities fraud, wire fraud, and insider trading charges growing out of alleged misrepresentations to two Bear Stearns hedge funds that invested in securities tied to mortgage debt. The indictment alleges that the two marketed the funds as a low risk strategy. By March, 2007 they believed the funds were in grave condition and at risk of collapse but made misrepresentations about the amount of money other investors were withdrawing and about the extent of their personal investment in the funds. This was done, the indictment alleges, to stave off investor withdrawal. The funds did collapse last summer, resulting in losses to investors estimated at $1.4 billion.

Filip and Mueller credited a number of other federal agencies with assisting with the investigation including the Internal Revenue Service, U.S. Postal Service, Immigration and Customs Enforcement, the Federal Deposit Insurance Corporation, and the Department of Housing and Urban Development. The FBI says it has arrested about 300 real estate industry players since March — including dozens over the last two days — in its crackdown on incidents of mortgage fraud that have contributed to the country’s housing crisis. (We assume that the discrepancy in numbers arrested is attributable to police actions taken by other agencies.)

Matthew Tucker, 31, who moved to California and formerly lived in Lee’s Summit, pleaded guilty in U.S. District Court in Kansas City to a charge of conspiracy to commit wire fraud.

According to terms of the plea agreement, Tucker engineered the scheme to obtain 45 loans involving 36 different properties by falsifying financial information provided to lenders.

Sentencing will be scheduled after a pre-sentence investigation is completed. The charge carries a maximum sentence of five years in prison.

Buyers protest land scam video provided by Moishe Alexander and Canadian Funding Corp

Barack Obama laid out his foreclosure-prevention plan in February. Part of the program provides incentives for mortgage-servicing businesses to reduce loan payments to reasonable levels. This is for people who are already in trouble and also for those who are at risk of falling behind. Over 200,000 borrowers that are delinquent or at risk of default have received trial adjustments — that is the first step. Obama administration officials said the adjustment program could help three to four million people.

Lisa Sitkin, staff attorney at Housing and Economic Rights Advocates in Oakland, Calif., said she was very pleased when help for at-risk borrowers was declared. “It’s disturbing to see that it is several months later and it’s still not up and running at any scale that is meaningful,” said Lisa Sitkin. Mortgage-servicing companies said they were totally committed to the plan. Bank of America Corp. is starting to implement the Obama plan for all at-risk borrowers, a company spokeswoman said. Bank of America has been putting these borrowers on a plan that allows them to make a partial mortgage payment for several months and then be considered for a loan modification.

Borrowers are saying they are being told to stop making loan payments and seek a modification later. Alisha Gorder of Bridgeport, Conn., was referred to Auriton Solutions, an approved housing counselor, after she called a mortgage industry hotline because she wasn’t getting anywhere with her mortgage company. Ms. Gorder has been struggling to make ends meet because sales have slid at her children’s boutique and her husband, Christoph, who runs disaster-relief programs for the nonprofit AmeriCares, had to take a 21% cut in compensation.

Wells Fargo & Co. didn’t begin offering some at-risk borrowers loan modifications under the Obama plan until early June. One issue was that mortgage companies were waiting for final federal guidelines on key issues such as how to determine whether a loan modification is preferable to a foreclosure, said Mary Coffin, head of loan servicing for Wells Fargo Home Mortgage.

“Stop paying on the mortgage since you don’t have the resources to cover all your expenses,” an Auriton employee said in a letter to Ms. Gorder in mid-July. The letter advised Ms. Gorder to focus on basic living expenses and to follow up with the lender after she had increased her income. Ms. Gorder said she was stunned. “To be told I should do something to put my family in this risky position doesn’t make sense,” she said. “I had a lot of faith in the system. For me, it’s really shocking and jarring to see that the system doesn’t work.”

President Tiff Worley called the missive “poorly worded.” But he added that it “correctly recognizes that this person has an upside-down budget situation and is still shorting things to her family every month.” Employees at mortgage-servicing companies often tell borrowers they can’t be helped if they are current on their loans, said Michael van Zalingen, director of homeownership services for the nonprofit Neighborhood Housing Services of Chicago.

Other borrowers complained of long waits for help. Suzanne DeNick of New Jersey said J.P. Morgan Chase & Co. told her it would take four to six weeks for her modification request to be assigned to an analyst and another 90 to 120 days before she received a decision. The company also asked her to resend her application, further delaying the process.

A J.P. Morgan spokesman acknowledged “that the process took more than our typical time frame,” but added that “it took some time for us to receive a completed and signed paperwork package from the borrower.” Once paperwork is complete, it typically takes 30 to 60 days to determine whether a modification is possible, she said.

There is much confusion regarding who is eligible. A spokeswoman from Bank of America said, “Given widespread public mis-expectations, a significant percentage of borrowers seeking Home Affordable modifications under the imminent-default provisions will not qualify.”

Following the Suez Crisis, the USA became the protector of most Western interests in the Middle East. As a result, Eisenhower proclaimed the “Eisenhower Doctrine” in January 1957. In relation to the Middle East, the U.S. would be “prepared to use armed force…[to counter] aggression from any country controlled by international communism.” On July 15, 1958, he sent just under 15,000 soldiers to Lebanon (a combined force of Army and Marine Corps) as part of Operation Blue Bat, a non-combat peace keeping mission to stabilize the pro-Western government. They left in October of the same year.

In addition, Eisenhower explored the option of supporting the French colonial forces in Vietnam who were fighting an independence insurrection there. However, Chief of Staff Matthew Ridgway dissuaded the President from intervening by presenting a comprehensive estimate of the massive military deployment that would be necessary.

As the Cold War deepened, Eisenhower’s Secretary of State, John Foster Dulles, tried to isolate the Soviet Union by building regional alliances of nations against it.

The Speech Part I | Canadian Funding Corp Innovations History

Good evening, my fellow Americans.

First, I should like to express my gratitude to the radio and television networks for the opportunities they have given me over the years to bring reports and messages to our nation. My special thanks go to them for the opportunity of addressing you this evening.

Three days from now, after half century in the service of our country, I shall lay down the responsibilities of office as, in traditional and solemn ceremony, the authority of the Presidency is vested in my successor. This evening, I come to you with a message of leave-taking and farewell, and to share a few final thoughts with you, my countrymen.

Like every other — Like every other citizen, I wish the new President, and all who will labor with him, Godspeed. I pray that the coming years will be blessed with peace and prosperity for all.

Our people expect their President and the Congress to find essential agreement on issues of great moment, the wise resolution of which will better shape the future of the nation. My own relations with the Congress, which began on a remote and tenuous basis when, long ago, a member of the Senate appointed me to West Point, have since ranged to the intimate during the war and immediate post-war period, and finally to the mutually interdependent during these past eight years. In this final relationship, the Congress and the Administration have, on most vital issues, cooperated well, to serve the nation good, rather than mere partisanship, and so have assured that the business of the nation should go forward. So, my official relationship with the Congress ends in a feeling — on my part — of gratitude that we have been able to do so much together.

We now stand ten years past the midpoint of a century that has witnessed four major wars among great nations. Three of these involved our own country. Despite these holocausts, America is today the strongest, the most influential, and most productive nation in the world. Understandably proud of this pre-eminence, we yet realize that America’s leadership and prestige depend, not merely upon our unmatched material progress, riches, and military strength, but on how we use our power in the interests of world peace and human betterment.

Throughout America’s adventure in free government, our basic purposes have been to keep the peace, to foster progress in human achievement, and to enhance liberty, dignity, and integrity among peoples and among nations. To strive for less would be unworthy of a free and religious people. Any failure traceable to arrogance, or our lack of comprehension, or readiness to sacrifice would inflict upon us grievous hurt, both at home and abroad.

Progress toward these noble goals is persistently threatened by the conflict now engulfing the world. It commands our whole attention, absorbs our very beings. We face a hostile ideology global in scope, atheistic in character, ruthless in purpose, and insidious in method. Unhappily, the danger it poses promises to be of indefinite duration. To meet it successfully, there is called for, not so much the emotional and transitory sacrifices of crisis, but rather those which enable us to carry forward steadily, surely, and without complaint the burdens of a prolonged and complex struggle with liberty the stake. Only thus shall we remain, despite every provocation, on our charted course toward permanent peace and human betterment.

Crises there will continue to be. In meeting them, whether foreign or domestic, great or small, there is a recurring temptation to feel that some spectacular and costly action could become the miraculous solution to all current difficulties. A huge increase in newer elements of our defenses; development of unrealistic programs to cure every ill in agriculture; a dramatic expansion in basic and applied research — these and many other possibilities, each possibly promising in itself, may be suggested as the only way to the road we wish to travel.

Canadian Funding Corp | Eisenhower Farewell Part One

Mortgages may be equitable or legal. A mortgage may take one of a number of forms, the existence of such which will depend on the jurisdiction under which the mortgage is made. Common law jurisdictions have over time created two main forms of mortgage: by legal charge and mortgage by demise.

Legal charge

To protect the lender, a mortgage by legal charge is usually recorded in a public register. Since mortgage debt is often the largest debt owed by the debtor, banks and other mortgage lenders run title searches of the real property to make certain that there are no mortgages already registered on the debtor’s property which might have higher priority. Tax liens, in some cases, will come ahead of mortgages. For this reason, if a borrower has delinquent property taxes, the bank will often pay them to prevent the lienholder from foreclosing and wiping out the mortgage.

In a mortgage by legal charge or technically “a charge by deed expressed to be by way of legal mortgage”, the debtor remains the legal owner of the property, but the creditor gains sufficient rights over it to enable them to enforce their security, such as a right to take possession of the property or sell it.

This type of mortgage is most common in the United States and, since the Law of Property Act 1925, it has been the usual form of mortgage in England and Wales.

Legal Charge Video provided by Canadian Funding Corp Innovations

Demise

Mortgages by demise were the original form of mortgage, and continue to be used in many jurisdictions, and in a small minority of states in the United States. Many other common law jurisdictions have either abolished or minimised the use of the mortgage by demise. For example, in England and Wales this type of mortgage is no longer available, by virtue of the Land Registration Act 2002.

In a mortgage by demise, the mortgagee (the lender) becomes the owner of the mortgaged property until the loan is repaid or other mortgage obligation fulfilled in full, a process known as “redemption”. This kind of mortgage takes the form of a conveyance of the property to the creditor, with a condition that the property will be returned on redemption.

Equitable

In an equitable mortgage the lender is secured by taking possession of all the original title documents of the property and by borrower’s signing a Memorandum of Deposit of Title Deed (MODTD). This document is an undertaking by the borrower that he/she has deposited the title documents with the bank with his own wish and will, in order to secure the financing.