Mortgage and Financial News From 2007-9-11 Page 2

RSS Feed

Previous Day: 2007-09-10

Return to the mortgage news archive home.

  • Fed rate cuts and Asia (rediff.com)

    The chief beneficiary of the cycle of interest rate cuts and liquidity injections will be emerging markets, specifically Asia.
    2007-09-11 08:44:44
  • Fannie, Freddie Limit on Loan Purchases Could Rise, Frank Says

    Bloomberg - Declining home sales and prices combined with rising loan delinquencies and foreclosures have crippled mortgage markets, leaving consumers with fewer options to get a loan or refinance. The Bush administration opposes allowing Fannie Mae and ...
    2007-09-11 11:24:00
  • RED FLAG FOR COLUMBIA AREA

    The State - The combination led more borrowers to seek to buy or refinance homes, and inspired businesses to find creative ways to lend money to people who previously would not have qualified for the industry’s traditional prime-rate 30-year fixed-rate ...
    2007-09-11 08:50:00
  • Are we looking at a recession?

    Reading Eagle - Many borrowers couldn’t afford to get out of their loans, refinance or even sell their homes. Was this the beginning of the credit crunch? Yes. As foreclosures and late payments in the subprime market soared, lenders were forced out of business and ...
    2007-09-11 08:57:00
  • Moody's cautions firms with cash trouble

    Times Online - The problems will arise when those companies try to refinance their existing debt and banks – reeling from the sub-prime mortgage crisis – refuse to lend. “Many defaults will be triggered by issuers simply running out of cash to sustain their ...
    2007-09-11 01:11:00
  • Mortgage bailouts not without critics

    The Washington Times - Some states and counties are using bond sales or fees collected from late payment of property taxes to help homeowners refinance into traditional fixed-rate loans; the federal government is considering giving money to agencies that counsel delinquent ...
    2007-09-11 09:33:00
  • Fitch Rates Gwinnett County, GA Devel Auth Bonds (Notre Dame Academy ...

    Forbes - The bond proceeds will be used to refinance the cost of the acquisition, construction and installation of land, buildings and personal property to be used as an early education center located on the campus of Notre Dame Academy (the 'School') and ...
    2007-09-11 02:02:00
  • Mortgage failings

    Boston Online - Moreover, Inman reports the survey found that nearly 60 percent of borrowers who have an existing adjustable mortgage that is due to reset, no doubt to a higher rate, were unable to refinance their loans. That suggests another huge wave of ...
    2007-09-11 02:44:00
  • Moody's: Junk Defaults to Triple

    Newsday - That stands in contrast to a period of "easy market access" in 2006 and the first half of 2007, which helped speculative-grade companies refinance or issue new debt at low rates and with looser standards than in the past, Gates said. "The earlier ...
    2007-09-11 03:20:00
  • Mortgage brokers say customers couldn't refinance

    CNBC - NEW YORK (Reuters) - Some 57 percent of mortgage broker customers with adjustable-rate loans were unable to refinance into a new loan to avoid higher monthly payments in August, a national survey reported on Tuesday. The poll of 1,744 brokers in the ...
    2007-09-11 07:42:00
  • Citi Lends GMAC a Hand

    Street.Com - The executive speculates that the funding may be used to help GMAC's beleaguered residential lending arm ResCap, which would be able to refinance its existing commercial paper debt with the new funds. Asset-backed commercial paper typically serves ...
    2007-09-11 05:22:00
  • Housing costs punish family budgets

    USA Today - At the same time, the slowdown in the real estate market and troubles in the mortgage industry will make it harder for homeowners to sell or refinance, because it's harder to get a loan now. "It's amazing — you would think that declining house ...
    2007-09-11 08:42:00
  • September 12, 2007 (Picayune-Times)

    News School election set for September 18 The Prescott School Board and district administrators are asking patrons to approve a measure that would allow them to refinance existing bonds in order to raise additional funds. The request does not include an increase in millage.
    2007-09-11 10:11:59
  • Fayette authority OKs bond for hospital upgrades (Pittsburgh Tribune-Review)

    The Fayette County Hospital Authority has approved the borrowing of $50 million to pay for upgrades and to refinance old debt at The Uniontown Hospital.
    2007-09-11 09:20:13
  • Malaysia's New Pantai to sell ringgit bond -sources (Reuters via Yahoo! Asia News)

    KUALA LUMPUR, Sept 12 (Reuters) - Malaysian toll road operator New Pantai Expressway Sdn Bhd will sell about 740 million ringgit ($211 million) of bonds to refinance existing borrowing, sources familiar with the deal said on Wednesday.
    2007-09-11 09:57:13