Mortgage and Financial News From 2007-10-16 Page 6
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Q&A: Equity calculator (BBC News)
Answers to questions about the BBC News website's equity calculator.
2007-10-16 09:13:42 -
Media reports confusing the public blamed for part of the problem (Bridgewater Courier News)
Builders’ confidence in the market for new single-family homes was further shaken in October, due to continuing problems in the mortgage market, substantial inventories of unsold units and the perceived effect that negative media coverage is having on potential buyers, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index, released this week.
2007-10-16 10:49:55 -
Movie Gallery files Chapter 11 bankruptcy
Video Business - The funds will be used to refinance the company’s existing credit facility at a lower interest rate and provide the company with additional working capital for such purposes as paying vendors and employees. A final debtor-in-possession hearing is ...
2007-10-16 04:55:00 -
Iberdrola Seeks Extension on $14 Billion Scottish Power Loans
Bloomberg - Iberdrola as recently as June said it planned to sell bonds or longer-term loans to refinance debt used in its 12 billion- pound acquisition of Scottish Power, the U.K.'s fifth-largest electricity generator. A surge in borrowing costs since has ...
2007-10-16 09:02:00 -
Paulson: Subprime help needed - no bailout
CNN Money - Paulson also called upon Freddie Mac and Fannie Mae to work closely with private lenders to make affordable mortgage products more available and to increase funds so those in risky adjustable mortgages can refinance. Starting in April 2007, Freddie ...
2007-10-16 09:17:00 -
Sector Snap: Housing Sector Declines
CNBC - Treasury Secretary Henry Paulson said Tuesday the government and financial industry should help homeowners trying to refinance current mortgages before they reset at the higher rates. Paulson, in a speech delivered at Georgetown University's law ...
2007-10-16 09:45:00 -
AP Top News at 1:30 p.m. EDT
Newsday - In the administration's most detailed reaction to the steepest housing slump in 16 years, Paulson said that government and the financial industry should provide immediate help for homeowners trying to refinance current mortgages before they reset at ...
2007-10-16 10:28:00 -
AP Business NewsBrief at 2:58 p.m. EDT
CNBC - In the administration's most detailed reaction to the steepest housing slump in 16 years, Paulson said that government and the financial industry should provide immediate help for homeowners trying to refinance current mortgages before they reset at ...
2007-10-16 12:01:00 -
Canada Stocks Drop, Led by Teck, Royal Bank, Canadian National
Bloomberg - Bank of Montreal, the nation's fourth-largest bank, dropped C$1.12, or 1.8 percent, to C$62.05 on speculation it may join a $80 billion fund proposed yesterday by U.S. banks including Citigroup to refinance some investment funds holding securities ...
2007-10-16 12:59:00 -
RAM Energy to buy Ascent Energy
Boston Globe - Proceeds from the deal will be used to refinance RAM's outstanding loans and to fund a part of the combined company's future capital expenditures and acquisitions, RAM said. Shareholders of both companies still need to approve the deal, which is ...
2007-10-16 01:49:00 -
Macquarie Bank tips more interest rate hikes, unrest
News.com.au - Our experience, even over the last couple of months, is that we have been able to refinance without difficulty on good terms and conditions." The Macquarie chief also said that while conditions had been tight, there were few opportunities for so ...
2007-10-16 04:05:00 -
Wells Fargo, other banks hurt by credit losses
Reuters - Meanwhile, falling housing prices are making it harder for homeowners to refinance, adding to delinquencies, and leaving some commercial real estate borrowers strapped for cash. U.S. Treasury Secretary Henry Paulson on Tuesday called the housing ...
2007-10-16 03:22:00 -
US housing downturn brings long-term pain
News.com.au - Mr Paulson said the GSEs could also increase the flow of funds to refinance subprime borrowers if they securitized a greater number of their prime mortgages into a well-functioning market for such GSE mortgage securities. He also said financial ...
2007-10-16 05:23:00 -
Fitch Rates Chicago (Illinois) O'Hare Airport 2007 GARBs 'A'; PFCs 'A ...
Forbes - The series 2007B and C bonds will refinance commercial paper used to fund certain projects of the airport's ongoing capital improvement program (CIP) and the OMP. The 2007 PFC bonds are secured by a first lien pledge of PFC revenues generated at O ...
2007-10-16 03:58:00 -
Australia's Westpac to acquire Rams Home Loan's distribution business
Forbes - Westpac said last month it will work with Rams to refinance its XCP program at its expiry in the first quarter of 2008. Despite Westpac's involvement, Rams shares have continued to fall, closing at 34 cents on Tuesday compared with the 2.50 dollars a ...
2007-10-16 05:45:00
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