Mortgage and Financial News From 2007-12-22 Page 12
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Grim forecast for interest rates (Daily Telegraph)
INFLATION will rocket to four per cent by March, according to internal Treasury forecasts, making interest rate hikes a near-certainty in the new year.
2007-12-21 05:01:00 -
E Com Buys Model Reorg
Forbes - Also in the agreement, E Com said Model is required to refinance debt owed to an affiliate through a $50 million, three-year term loan. Following the transaction, the shareholders - the Nussdorf family - will own about 71 percent of E Com's ...
2007-12-21 02:58:00 -
H&R Block extends a credit line
Kansas City Star - Block initially opened the credit line to refinance $500 million in notes issued by its Block Financial Corp. subsidiary. Block said last week, when it reported more than $500 million in second-quarter losses on closing its subprime mortgage lending ...
2007-12-21 03:19:00 -
Woman says addiction affected every aspect of life
Alexandria Daily Town Talk - BUNKIE -- It was never about winning, Grace Dupre said of her addiction. She wanted it more when she lost. "You keep thinking, 'I'll stop playing when I win back what I lost,'" the recovering compulsive gambler said. "But you never do." Dupre said ...
2007-12-22 12:38:00 -
Million passengers face airport chaos
Guardian Unlimited - Gold said BAA executives wanted to avoid strikes but were "dictated to" by Ferrovial chairman Rafael del Pino, who oversaw the £10.3bn takeover of BAA last year and is attempting to refinance the company's £9bn debts. "They have bought the business ...
2007-12-21 05:14:00 -
Funding OK'd for South La. projects
The Daily Advertiser - The State Bond Commission on Thursday approved $50.3 million in funding for projects in southwest Louisiana, including Iberia, Vermilion, St. Landry and St. Martin parishes. "This funding will help local governments continue to provide much-needed ...
2007-12-22 12:38:00 -
New mortgage laws bring change in 2008
Lowell Sun - During the refinance boom, too many automobile salespeople and out of work dot com recruiters found their way into the lending profession. This is a positive change which will drive away moonlighting mortgage brokers, and result in stronger core of ...
2007-12-22 03:30:00 -
Banks abandon plan for Super-SIV
MSN UK News - The rescue fund was announced in mid-October as many SIVs were struggling to refinance short- and medium-term debt to fund longer-term assets including mortgage assets. Many banks and investors had feared SIVs would dump bonds into financial markets ...
2007-12-22 12:02:00 -
Report of probe hurts WaMu stock
Philadelphia Inquirer - False appraisals can mislead investors about the risk of defaults in mortgage-backed securities by overstating the ability of troubled borrowers to sell their property or refinance to settle the debt. First American produced 262,000 valuations over ...
2007-12-21 11:55:00 -
Rafael Benitez sees better value in patience
Daily Telegraph - 350 million The amount they are looking to borrow to refinance borrowings used to buy the club. £30 million The estimated annual interest repayments linked to that refinancing. £42 million Liverpool's summer transfer spending on Ryan Babel, Fernando ...
2007-12-22 03:37:00 -
Video: Mortgage Relief (Fox 6 News San Diego)
Some light at the end of the tunnel for those on the brink of a home foreclosure. President Bush has signed a bill that gives homeowners a three year window to refinance their mortgages while enjoying a tax break. 12/21/07
2007-12-22 12:17:32 -
Bankers plead guilty to fraud, bribery in FBI probe
El Paso Times - Though the federal "information" used to describe the charges against Ruiz and Pak ... the initials "BS" to refer to a bond underwriting firm that wanted to refinance the ... its 84-year history because of a bigger-than-expected write-down in its mortgage ...
2007-12-21 11:26:00 -
New England: Mortgage relief fund set up
CNBC - BOSTON (AP) - Five banks have created a $125 million fund to refinance mortgage loans for New England borrowers who are keeping ... The Web site includes eligibility criteria and contact information for participating banks. A spokesman for the ...
2007-12-20 01:19:00 -
Mortgage-foreclosure bailout plan may help few homeowners
Herald Tribune - But Paulson didn't quantify how many of those 1.2 million homeowners would be expected to refinance their existing mortgage or how many ... Treasury, did not respond to requests for more information about the discrepancies among these estimates. But UBS ...
2007-12-22 01:21:00 -
Rates on 30-year mortgages climb to highest level in 4 weeks
Times and Democrat - WASHINGTON - Mortgage rates edged up for a second straight week and 30-year loans reached their highest level in a month. The mortgage company Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.14 percent this week. That ...
2007-12-21 09:17:00