Mortgage and Financial News From 2007-9-5 Page 14
Previous Day: 2007-09-04
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Public Service Properties buys Stonelea Healthcare for about 24 mln ...
CNBC - The bank has made available up to 84 mln stg of the valuation of the properties owned by the relevant subsidiaries, a part of which has been used to refinance 39 mln stg of existing facilities on a shorter term, the company said. "The acquisition ...
2007-09-05 12:54:00 -
Credit card companies pursue subprime borrowers
International Herald Tribune - ... led credit card issuers to increase their marketing to subprime customers, said Julie Lizer, the manager of custom research at Mintel. As home values decline and lenders balk at writing subprime mortgages, these customers can no longer refinance and ...
2007-09-05 06:52:00 -
County home sales still sluggish
Wisconsin State Journal - Deininger said recent federal moves to help people refinance mortgage loans they otherwise could not refinance and expected declines in interest rates both will be good for the housing market. "That will open up great opportunities for buyers," he said
2007-09-05 09:58:00 -
Reliable Defeasance Completes More Than 50 Transactions Valued at ...
Forbes - Defeasance enables the borrower to refinance the debt and unlock equity in the property with no adverse effect on securitization because interest and principal payments are made uninterrupted," he added. In order to ensure full disclosure and to ...
2007-09-05 09:51:00 -
LKQ Corp gets HSR clearance for 811 mln usd Keystone buy; announces ...
CNBC - LKQ previously received a 1.09 bln usd senior secured financing commitment from Deutsche Bank and Lehman Brothers Inc, subject to customary conditions, to fund the Keystone acquisition and to refinance existing debt. Assuming completion of the equity ...
2007-09-05 04:07:00 -
Minorities pay more for home loans, study shows
San Diego Union-Tribune - The Foreclosure Exposure report found that nearly 31 percent of home-refinance loans made to African-Americans in San Diego County in 2006 were high cost. Twenty-five percent of such loans to Latinos were high cost. By comparison, less than 13 ...
2007-09-05 02:56:00 -
Mortgage volume rises slightly
BusinessWeek - Refinance volume increased 2.3 percent, while purchase volume increased 0.4 percent. Adjustable-rate mortgages continue to fall out of favor with customers. ARMs accounted for just 12.6 percent of total applications during the week, down from 15 ...
2007-09-05 07:06:00 -
Mortgage servicers urged to reach out
Boston Online - The regulators, led by the Federal Reserve, said mortgage servicers should help troubled borrowers who face drastically higher payments refinance into fixed-rate loans and take other steps to make mortgages sustainable. "We encourage servicers of ...
2007-09-05 06:09:00 -
Copano Energy affirmed on Cantera buy; outlook positive - Moody's
CNBC - Moody's expects that, in the near term, Copano will refinance enough of its acquisition debt in the long-term markets to maintain its current senior unsecured rating. However, the rating agency warned that these benefits are tempered by Copano's ...
2007-09-05 09:22:00 -
Treasury: Hit to Economy 'Far From Over'
Los Angeles Times - The plan unveiled Friday at the White House would make it easier for borrowers now holding adjustable-rate mortgages to refinance those loans using the resources of the Federal Housing Administration, a Depression-era agency created to help low- and ...
2007-09-05 10:27:00 -
Think You're Paying Too Much on Your Car Loan? (Benton Evening News)
(ARA) - You have probably heard of auto refinance before. Or simply refinance. The term actually refers to a financial situation wherein a borrower finds financing to pay off a current loan.
2007-09-05 06:37:13 -
Credit card companies pursue subprime borrowers (International Herald Tribune)
As home values decline and lenders balk at writing subprime mortgages, those struggling to make mortgage payments can no longer refinance and tap into home equity for cash. That leaves credit cards as their only option.
2007-09-05 07:11:21 -
County to refinance $4.4 million in bonds (The Argus Leader)
Minnehaha County Commissioners are hiring an underwriter to help them refinance some 10-year-old bonds but don't intend to seek competitive bids.
2007-09-05 12:12:19 -
Mixed reviews for summer business
Sierra Sun - I attribute it to high mortgage prices ... people don’t have the disposable income they used to have. That and high gas prices,” she said. “Overall, when it’s said and done and we calculate our summer business, it’s going to have been fairly ...
2007-09-04 03:00:00 -
TheStar.com - Business - Canadian Tire links mortgages, chequing and ...
Toronto Star - Canadian Tire shoppers can pick up a screwdriver, fill the gas tank and pay down their mortgage – all at the same retailer ... The retailer said it has set up a website, called mortgageinyourway.com, where consumers can calculate whether the account ...
2007-09-05 01:30:00
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