Mortgage and Financial News From 2007-10-26 Page 23
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ANZ moots three rate rises (Canberra Times)
Prime Minister John Howard's interest rate woes have deepened with a major bank predicting a series of three interest rate rises in November, February and May.
2007-10-26 12:25:11 -
Liverpool tell Benítez league title is a must
Guardian Unlimited - Hicks remains confident that Liverpool can qualify for the Champions League knockout round but said failure would not impact on current attempts to refinance the club. The Americans personally guaranteed a loan of £298m from the Royal Bank of ...
2007-10-25 07:29:00 -
Local victims of subprime mortgage meltdown heard
Buffalo News - Since April, Senate Democrats have introduced several measures to curb abuses, refinance unaffordable loans and require mandatory financial education for anyone getting a subprime loan. They’d also impose a “duty of care” on brokers. “A ...
2007-10-26 03:50:00 -
Mortgage market woes spur wave of relief bills
Modesto Bee - WASHINGTON -- Distress in the mortgage market is stirring up a wave of new relief bills on Capitol Hill, including one that would allow homeowners to tap into their retirement accounts -- penalty-free -- to bring their loans current or to refinance ...
2007-10-26 04:47:00 -
Shaw Announces Solid Fourth Quarter Results and 9% Dividend Increase
Market Wire - On a longer-term basis, Shaw expects to generate free cash flow and have borrowing capacity sufficient to finance foreseeable future business plans and to refinance maturing debt. CASH FLOW Operating Activities Three months ended August 31 ...
2007-10-26 05:23:00 -
Pressure mounts for Northern Rock board to quit as Bank's bailout ...
Guardian Unlimited - In some quarters of the City, which has so far supported the government's rescue of Northern Rock, analysts expressed surprise at the speed Northern Rock was spending cash from the Bank of England to refinance its mortgages. Figures showed an ...
2007-10-26 12:29:00 -
Schumer warns of 15,000 home foreclosures in city
New York Daily News - In the world of subprime lending, the chickens have come home to roost," said Sen. Amy Klobuchar (D-Minn.). She joined with Schumer in urging the Bush administration to expand the powers of the Federal Housing Administration to refinance subprime ...
2007-10-26 12:29:00 -
Glazers Look To Refinance The Debt
Red Issue - 'The Glazer family have instructed bankers to examine plans for a major refinancing of Manchester United's £660m debt, focusing on a securitisation deal that would see the club borrow money against future ticket income. 'While the Glazers are ...
2007-10-26 03:36:00 -
Billions in housing wealth at risk as foreclosures soar
San Francisco Gate - As home sales and prices softened and interest rates rose, many subprime borrowers found themselves unable to refinance and owing more than their home is worth, resulting in a wave of late mortgage payments and foreclosures. Lenders and investors ...
2007-10-26 04:11:00 -
Ohio's Record Buckeye Bond Sale Leads Week, Boosts Tobacco Debt
Bloomberg - Chicago sold $331 million of insured bonds that will be repaid from 2012 through 2032 to pay for civic works and refinance debt. San Jose, California, auctioned $213 million of debt to fund redevelopment projects in another insured deal. ...
2007-10-26 05:37:00 -
Glazers Look To Refinance The Debt (Redissue)
…as was depressingly predicted in May 2005. 'The Glazer family have instructed bankers to examine plans for a major refinancing of Manchester United's £660m debt, focusing on a securitisation deal that would see the club borrow money against future ticket income.
2007-10-26 04:03:17 -
Stocks Continue Downward Slide []
RTT News - Among bank stocks, Countrywide Financial (CFC) is down 3.8 percent after the mortgage lender said it will help some 82,000 homeowners refinance their ... Later in the session, the Energy Information Administration released a report showing an ...
2007-10-24 09:50:00 -
Exelon Announces Third Quarter Results; Reaffirms Full Year 2007 ...
MSN MoneyCentral - ... 10, 2007, ComEd issued $425 million of 6.15 percent First Mortgage Bonds ... The proceeds were used to refinance commercial paper and for general ... Conference call information: Exelon has scheduled a conference call for 11 AM ET (10 ...
2007-10-26 05:30:00 -
Countrywide Financial 3Q loss $1.2B; co. sees return to profit in 4Q
Forbes - ... billion from the sale or writedowns of certain non-agency loans and mortgage ... services provider announced plans to work with customers in order to refinance or ... The content on this site, including news, quotes, data and other information, is ...
2007-10-26 05:37:00 -
Bush should 'un-handcuff' Paulson to deal with subprime crisis - US ...
Forbes - ... and a further 50 pct are also at risk but could avoid losing their home if they are allowed to refinance or restructure their mortgage. ... The content on this site, including news, quotes, data and other information, is provided by AFX News and its ...
2007-10-26 12:58:00