Mortgage and Financial News From 2008-1-23 Page 11

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  • (AFX UK Focus) 2008-01-24 05:03 GMT: NZealand central bank leaves interest rates unchanged - UPDATE (Interactive Investor)

    WELLINGTON (Thomson Financial) - New Zealand's central bank left interest rates unchanged Thursday, saying the economy is in good shape despite recent global market turmoil and fears of a recession in the US.
    2008-01-23 09:26:45

  • Christie rejects Ingraham's allegations (The Nassau Guardian)

    Opposition Leader Perry Christie yesterday rejected the allegations leveled against him by Prime Minister Hubert Ingraham, while suggesting that the nation's leader carry himself with the dignity and maturity that is befitting his position.
    2008-01-23 09:33:27

  • (AFX UK Focus) 2008-01-24 05:12 GMT: Hong Kong shares end morning higher in volatile trade on Wall St's rise - UPDATE (Interactive Investor)

    HONG KONG (Thomson Financial) - Hong Kong shares ended a volatile Thursday morning session sharply higher, extending yesterday's record one-day gain following Wall Street's rebound overnight on hopes the Federal Reserve will cut interest rates further next week.
    2008-01-23 09:41:18

  • What's in store for SA property owners? (Cape Argus)

    The SA residential property market is poised for another year of slowing price growth - however, the news is "not all bad", said Herschel Jawitz, chief executive of Jawitz Properties on Tuesday.
    2008-01-23 09:45:30

  • Bid For Safety Pushes Bonds Higher

    CNBC - While traders debated the effectiveness of the Fed opening the monetary spigot, the recent decline in Treasury yields seemed to be helping distressed homeowners seeking to refinance before their mortgage rates reset higher. The Mortgage Bankers ...
    2008-01-23 11:49:00

  • Fitch Places 2 Classes of Morgan Stanley Capital I Inc., Series 2006 ...

    Forbes - The Fitch DSCR is calculated using servicer provided net operating income less required reserves divided by debt service payments based on the current balance using a Fitch stressed refinance constant. The Informart loan matures on May 9, 2009. The ...
    2008-01-23 12:10:00

  • Propex Wins Court OK to Tap $60M Loan

    Forbes - Propex, which filed for bankruptcy protection last week after failing to refinance its debt, said in court papers that without bankruptcy financing, its suppliers would stop doing business with the company. A group of lenders arranged and led by bank ...
    2008-01-23 12:39:00

  • White House, Lawmakers Seek Economy Deal

    Guardian Unlimited - Barney Frank, D-Mass., said negotiators were near agreement on including an overhaul of the Federal Housing Administration, which would make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans
    2008-01-23 01:43:00

  • Tom Hicks and George Gillett close to new deal

    Daily Telegraph - The deal with RBS and Wachovia will not only provide around £60m of working capital for the club's new stadium at Stanley Park and £20m to refinance loans used to buy players in the summer, but will also refinance a one-year loan taken out with RBS ...
    2008-01-23 01:43:00

  • Meet Robert Tchenguiz: he's lost £560m and counting. But he says the ...

    Guardian Unlimited - The arrival of the credit crunch last summer has made it extremely hard for indebted businesses to refinance while the commercial property market slowed dramatically with asset values falling. Both developments will not have been welcomed by Tchenguiz
    2008-01-23 03:16:00

  • Lawmakers Urge Spending on Infrastructure, Housing (Update2)

    Bloomberg - Representative Mark Kirk, an Illinois Republican, and Senator Christopher Dodd, a Connecticut Democrat, urged re-creating a federal agency to help homeowners refinance. The proposals are reminiscent of the approach President Franklin ...
    2008-01-23 01:57:00

  • NH senator waves 'red flag of reason'

    MSNBC - He suggested he may offer alternative proposals of his own with the aim of creating new jobs and helping Americans refinance their mortgages. Though often one of Bush's most reliable allies in the Senate, Gregg cast doubt on the President's claim that ...
    2008-01-23 02:19:00

  • Stimulus Package Not Aimed at Homeowners

    Forbes - If successful, that would make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans. Yet that would be a small piece of what is needed to help beleaguered homeowners, lawmakers and analysts say ...
    2008-01-23 02:55:00

  • The Market's Wild Ride

    BusinessWeek - The Refinance Index increased nearly 17% last week and was up 92% since November, a sign that borrowers are responding to the 40-80 basis point drop in rates seen since Nov. 2 across products, the MBA said in its release. The market's fear was that ...
    2008-01-23 03:02:00

  • What's in and what's out in a potential stimulus package from the ...

    CNBC - Making it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans and allowing Fannie Mae and Freddie Mac to buy loans larger than $417,000. _Unemployment insurance: Extending benefits past 26 weeks ...
    2008-01-23 03:23:00

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