Mortgage and Financial News From 2008-3-7 Page 3

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  • AFG shareholder faces administration

    Financial Times - ... Investments sparked a rout in AFG shares in January when it was forced to sell stock in the group after margin calls were triggered from two other lenders. AFG has since taken a hammering on the market, amid fears it might be unable to refinance about ...
    2008-03-06 09:17:00
  • Boston Fed's Rosengren joins call for mortgage value writedowns

    Forbes - Up to now, many subprime borrowers who could refinance had both decent credit ratings and some equity remaining in their homes. Rosengren warned, 'as time goes by, however, declining home prices are eroding borrowers' equity, and some are experiencing ...
    2008-03-06 05:28:00
  • Coles' fresh look at produce

    News.com.au - Mr Goyder said the company continued to refinance $4 billion of debt accrued from the Coles transaction. Wesfarmers has completed its review of K mart and is now reviewing Officeworks.
    2008-03-06 05:57:00
  • Gov't fixes can't force banks to lend

    CNN Money - ... in partisan bickering in the Senate last week. A host of proposals are on the table -- including having the government buy up distressed mortgages and foreclosed properties, and allowing homeowners who owe more than their homes are worth to refinance ...
    2008-03-06 03:08:00
  • Munis Rally as Buyers Look Past Auction Failures to High Yields

    Bloomberg - Everybody is looking to refinance,'' said Robert Fuller , principal of Capital markets Management, a New York-based financial adviser. The average rate for top-ranked variable-rate demand bonds dipped to 2.97 percent March 6, from 3.17 percent a ...
    2008-03-07 12:26:00
  • Risky lending far higher in minority areas: report

    Reuters - Under the recommendations, servicers would also have to develop rescue refinance loan products operated by state housing finance agencies for homeowners at risk of foreclosure and increase funding for housing counseling agencies.
    2008-03-06 08:20:00
  • AG: Archdiocese should give up control of hospitals

    Boston Globe - In the meantime, Caritas plans to refinance its debt load to lower payments, and is revamping its board to make it independent from Church leadership.
    2008-03-06 03:08:00
  • Refinancing leads to harassment

    Miami Herald - One of the main reasons I decided to refinance was because of previous harassment by Citi and its 30 percent finance charge. -- Kevin Hendricks, Miramar
    2008-03-06 10:50:00
  • U.S. banking agencies push mortgage certificate plan

    Reuters - The proposal is aimed at prodding loan servicers to refinance mortgages for homes whose values have dropped by offering the prospect of recouping the losses at a later date.
    2008-03-06 08:49:00
  • Recticel FY net profit 21.5 mln eur, sees rising profit in 2008 UPDATE

    Forbes - This new loan will serve primarily to refinance the outstanding amounts under the existing syndicated loan of 2004, which is due to expire at the end of 2008, and the 50 mln eur subordinated loan at 10 pct, which expired in July 2009.
    2008-03-06 11:15:00
  • Fitch reviews $160 BLN ALT-A RMBS as housing worsens

    Reuters - This development has effectively eliminated the option to sell or refinance a home for many borrowers." The review affects loans originated between 2005 and 2007, and comprises 417 Alt-A RMBS.
    2008-03-06 01:06:00
  • UPDATE 1-Fed's Rosengren: rapid action needed on housing

    Reuters - Hopes that the United States could refinance its way out of the subprime mortgage crisis are fading, Rosengren said. "In recent months we estimated that a fair number of borrowers with subprime mortgages may be able to refinance ... as time goes by ...
    2008-03-06 05:35:00
  • How to Pay for Home Renovations

    Street.Com - The most common options are a cash-out refinancing and a home equity line of credit (HELOC). The Cash-Out Refinance Cash-out refinancing works by adding renovation costs to the principal remaining on your first mortgage. Say you need a complete ...
    2008-03-06 08:42:00
  • Mortgage Rates Change In the Blink of an Eye

    Washington Post - But when she tried to refinance her mortgage recently to a 15-year fixed-rate loan, she experienced the volatility firsthand. Her lender quoted her a rate of 4.75 percent late one afternoon.
    2008-03-07 08:36:00
  • Time to refinance?

    CNN Money - NEW YORK (CNNMoney.com) -- Interest rates on 30-year mortgages are down and mortgage applications are up. Is it time to refinance? The big headline here is that interest rates on the 30-year fixed mortgage are at historic lows. According to the ...
    2008-03-06 10:58:00