Mortgage and Financial News From 2007-10-1 Page 23
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Australia Stocks Fall From Record; Macquarie Drops, Miners Rise
Bloomberg - Rams Home Loans Group Ltd., a Sydney-based lender that failed to refinance A$6.18 billion of short-term debt in the U.S. in August, fell 2.5 cents, or 2.9 percent, to 85 cents. Newcrest, Australia's biggest gold producer, added A$1.10, or 3 ...
2007-10-01 02:11:00 -
Credit crunch hits small businesses
CNN Money - Unable to refinance, he saw the payment on his first mortgage (an adjustable rate loan) jump to $1,529 a month from $1,188. That extra expense, he says, is already crimping his business: "It affects everything, from whether we want to expand or put ...
2007-10-01 03:51:00 -
New York Thruway, Puerto Rico to Lead $7 Billion of Muni Sales
Bloomberg - The New York agency is borrowing to fund capital projects along the nation's longest toll-highway system as well as refinance debt in a deal run by Citigroup Inc. The U.S. commonwealth of Puerto Rico is bringing back a refinancing of its own, to be ...
2007-10-01 04:12:00 -
Check bridge loan details (Detroit News)
Q . We bought a house in 2007, but it took a few months for our old home to sell, so we used a bridge loan. We financed the new home with a five-year, interest-only adjustable rate mortgage at 6 percent. Now that our former home has sold, we're putting the loan proceeds into retirement accounts. Should we refinance our new home now or wait? The whole thing was more of a gamble than I would have ...
2007-09-30 11:10:29 -
Manila's Ayala Corp to issue up to $156 mln bonds (Reuters via Yahoo! Malaysia News)
MANILA, Oct 1 - Ayala Corp , the largest and oldest Philippine conglomerate, is offering up to 7 billion pesos worth of 5-year peso-denominated bonds, taking advantage of lower interest rates to refinance debt.
2007-10-01 03:37:22 -
Fatal Cape shooting reveals a secret
Cape Cod Today - Last summer, after a fishing trip on Cape Cod, Ann Gryboski and her sister Ellie were in the kitchen talking with their husbands when Ann's husband, Patrick Lancaster, described how he'd gotten into a fight with a co-worker. He wanted to demonstrate ...
2007-09-29 04:00:00 -
Family must slash debt to find security
Detroit News - All you have to do is let The News publish some of your information and your picture. To be ... One way to cut that cost may be to refinance through the current lender. Since their mortgage is only three years old, some lenders will reduce ...
2007-09-30 09:28:00 -
Real estate: Facing foreclosure? FHASecure might help
Las Cruces Sun-News - ... with good credit scores who have been paying their mortgage on time, the program is to help borrowers refinance their mortgage. ... For more information about FHASecure and other FHA products, call 1-800-CALL-FHA or visit www.fha.gov or www.hud.gov ...
2007-09-29 05:58:00 -
Saving money by reducing spending on credit cards
Best Syndication - ... credit card use to the minimal and save your hard-earned money from being wasted in unnecessary transactions. RateEmpire Mortgage Rate and Refinance Rate marketplace is a destination site of personal finance, investing and taxes. For more information ...
2007-09-27 05:53:00 -
Apartments are coming
Raleigh News & Observer - ... people live, work and find entertainment in the same area. Unlike office and shopping meccas such as Brier Creek and North Hills, which are ringed with apartments, developers had largely skipped Crossroads for other sites. But now rising mortgage rates ...
2007-09-30 11:05:00 -
Check bridge loan details
Detroit News - There's a lot more room for fixed-rate mortgage interest rates to head higher than there is for them to head lower. Don Taylor is a certified financial planner and holds a doctorate in finance. To submit a question go to www.bankrate.com/brm/ask.asp . ...
2007-09-30 10:43:00 -
Dollar's slump overlooked?
Inland Valley Daily Bulletin - A plunging dollar comes with widespread economic risk, which could mean everything from higher costs for gas at the pump to mortgage rates rising. The U.S. currency weakened sharply on the back of the recent decision by the U.S. Federal Reserve ...
2007-09-30 11:47:00 -
New Zealand Mortgage Holders Concerned About Interest Rates- Survey
RTT News - 10/1/2007 12:04:25 AM Nearly two-thirds of New Zealand mortgage holders are worried about rising interest rates, according to a survey by Research New Zealand, the New Zealand Herald reported Monday. According to the report, some 68.0% of respondents ...
2007-09-30 08:27:00 -
UBS Forecasts Pretax Loss Up to $690M
Forbes - Following a write down of positions in fixed income, rates and currencies, mainly related to deteriorating conditions in the U.S. subprime residential mortgage market, UBS is likely to record an overall group pretax loss of between 600 million francs ...
2007-10-01 02:25:00 -
DATA SNAP: UK Aug Mortgage Lending +GBP8.5 Bln Vs +GBP8.9B
FXStreet.com - LONDON (Dow Jones)--U.K. consumers' appetite for secured debt slipped amid still high interest rates in August as mortgage lending fell to an 18- month low. Total consumer lending growth slowed to GBP9.5 billion in August from a revised GBP10.0 ...
2007-10-01 01:28:00