Mortgage and Financial News From 2007-8-24 Page 8

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  • Remarks on Housing Reverse Early Rally (New York Times)

    Stocks slipped yesterday as investors worried about the economic outlook after the head of the Countrywide Financial Corporation said the housing downturn could create a recession.
    2007-08-24 01:42:03
  • Business Briefs: Aug. 24, 2007 (The Record Searchlight)

    • Tea Company buys local products • Reverse mortgages highlight discussion • Disaster assistance offered to businesses • Beer and wine festival searches for volunteers
    2007-08-24 02:08:28
  • Electra agrees $345m Allflex deal with RBS

    Times Online - Electra Private Equity, the British buyout firm, has managed to refinance its Allflex animal tagging business for $345 million, despite the harsh market conditions that have seen other buyout firms all shut up shop over the summer. Electra has agreed ...
    2007-08-23 05:56:00
  • Zimmerlink questions change in plan for money

    Herald-Standard - Before taking action to select bond counsel and a paying agent to refinance $4.8 million borrowed in 2000 and used for projects including construction of a new Fayette County Mental Health/Mental Retardation building, Commission Chairwoman Angela M ...
    2007-08-24 04:12:00
  • Rate rise will hurt business properties

    Anchorage Daily News - So over time the borrower had to either make more money to cover the increasing payments, or the house had to keep rising in value so the borrower could refinance to keep the same payment. House prices did not keep going up. Borrowers could not ...
    2007-08-24 10:46:00
  • Prison for mum in £85k fraud

    Birmingham Evening Mail - The thefts only came to light when Ball was told to take a holiday because the company was worried about her health. But her actions, to pay off bank and credit debts of £21,000, forced bosses of Wheels Solutions in Cannock to refinance the business ...
    2007-08-24 10:31:00
  • Countrywide Financial gets $2B rescue

    Newsday - Yesterday, a consumer group accused Countrywide of steering consumers into unaffordable adjustable-rate loans and said it should be required to refinance them. The Neighborhood Assistance Corp. of America, a Boston-based housing nonprofit, said U.S ...
    2007-08-24 12:05:00
  • Barclays' CDO chief in Europe quits as sub-prime crisis hits funds

    Daily Telegraph - A liquidity crisis, caused by concerns about where an estimated $300bn (£150bn) of bad sub-prime debt may emerge, has made it almost impossible to refinance the vehicles and SIVs are unable to sell their sub-prime assets for face value to liquidate ...
    2007-08-24 05:59:00
  • BayernLB expects no negative impact on business due to sub-prime ...

    Forbes - Last week, peer state bank SachsenLB had to be provided with a 17.3 bln eur credit line by Germany's savings banks after it struggled to refinance its Ormond Quay fund because of the US sub-prime credit crisis. BayernLB today also disclosed its half ...
    2007-08-24 12:33:00
  • Grand Rapids-based X-Rite to buy Pantone

    Detroit Free Press - The company added that Merrill Lynch, Fifth Third Bank, National City Bank, LaSalle Bank and GoldenTree Asset Management LP have committed to a total debt package of up to $415 million to fund the deal and refinance X-Rites existing debt. Contact ...
    2007-08-24 01:09:00
  • Why Now is a Good Time to Refinance (Richfield Reaper)

    (ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments.
    2007-08-24 02:20:01
  • Hindalco readies to refinance Novelis buy (Hindustan Times)

    The Aditya Birla group flagship Hindalco is gearing up to refinance the acquisition of Canadian major Novelis. Hindalco, which recently concluded a $3-billion bridge-loan transaction for the acquisition, has started the preliminary dialogue with foreign banks.
    2007-08-23 11:02:26
  • Hindalco readies to refinance Novelis buy (Hindustan Times via Yahoo! India News)

    THE ADITYA Birla group flagship Hindalco is gearing up to refinance the acquisition of Canadian major Novelis. Hindalco, which recently concluded a $3-billion bridge-loan transaction for the acquisition, has started the preliminary dialogue with foreign banks.
    2007-08-23 08:32:46
  • Wave of Foreclosures Forces Britons to Ponder Fixed Rates

    New York Times - ... so dire — as has the threat of desperate homeowners being exploited — that the newly installed government of Prime ... Recent interest rate increases have yet to reverse the trend. In fact, the National Housing Federation recently predicted prices ...
    2007-08-24 12:40:00
  • You Can Still Get a Mortgage--It Just May Not Be Easy, or Cheap

    CNBC - And for borrowers between prime and subprime, the so-called alt-A loans, getting a mortgage will also be harder to find. ... Guilford's Saxman says a borrowers' FICO score remains the top criteria that lenders use to set the interest rate. According to ...
    2007-08-24 11:29:00