Mortgage and Financial News From 2008-3-16 Page 8

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  • Brown's Popularity Declines on U.K. Budget Plans, Polls Show

    Bloomberg - Prime Minister Gordon Brown lost support from voters after his government delivered its annual budget last week, polls ... Feb. 13 that inflation may accelerate to a decade high as the cost of food and energy rises, reducing the scope for interest-rate ...
    2008-03-16 09:01:00

  • Moribund Housing Lets U.S. Mortgage Bonds Diminish Treasuries

    Bloomberg - It will be easier for the 10-year note to sell off than rally,'' said Mustafa Chowdhury , head of U.S. interest-rate research in ... The spread helps determine the rates offered to homeowners on prime mortgages of less than $417,000.
    2008-03-16 02:52:00

  • More rate cuts from Fed expected Tuesday

    MSNBC - WASHINGTON - Desperate to aid an economy in crisis, the Federal Reserve is ready to deliver yet another big interest rate cut. ... The prime rate, now at a nearly three-year low of 6 percent, applies to certain credit cards, home equity lines of credit ...
    2008-03-16 03:06:00

  • BJP promises loans at 4% interest for farmers

    Daily Pioneer - The Bharatiya Janata Party (BJP) on Sunday promised loans at four per cent rate of interest for farmers, if the NDA was voted to power at the Centre. Giving big hopes to farmers, Leader of the Opposition and NDA's Prime Ministerial candidate LK ...
    2008-03-16 12:21:00

  • Treasuries Rise as Bear Funding Heightens Credit Market Concern

    Bloomberg - Falling property values has made it difficult for homeowners to refinance even as Fed policy makers slashed the target rate for overnight bank lending by 2.25 percentage points since September to stimulate economic growth and bank lending.
    2008-03-14 12:10:00

  • Bush: Economy Is in 'a Tough Time'

    Washington Post - He has been more restrained in addressing the housing crisis that touched off the current downturn, organizing a program to help refinance hundreds of thousands of mortgages for troubled homeowners but resisting the more aggressive actions favored by ...
    2008-03-14 08:52:00

  • Nalco and Evonik Expand Strategic Relationship for Tissue Makers in ...

    MSN MoneyCentral - ... and other factors, which may cause the actual results to differ materially from those projected, stated or implied, depending on many factors, including, without limitation: ability to generate cash, ability to raise capital, ability to refinance ...
    2008-03-14 01:57:00

  • Oil's up; dollar, retail decline

    Baltimore Sun - Homeowners could no longer count on rising prices to build equity in their homes that would allow them to refinance into more affordable loans.
    2008-03-14 07:23:00

  • Protection One Announces Closing of New $110 Million Senior Unsecured ...

    MSN MoneyCentral - With the commitments from our new partners, Highfields Capital Management and Arlon Group, we were able to push out a critical maturity, while retaining the ability to refinance on an opportunistic basis with limited redemption costs.
    2008-03-14 03:08:00

  • The Home Appraisal Numbers Game

    CBS News - Joyce Potts had just been called by a mortgage broker who wanted a high appraisal to refinance this tiny house in disrepair. The owners don't want to be identified.
    2008-03-14 04:06:00

  • Bernanke says foreclosures not limited to subprime, no market ...

    CNN Money - Across the country one survey found nearly 30 pct of homeowners reported their houses lost value over the past year. 'The decline in home equity makes it more difficult for struggling homeowners to refinance and reduces the financial incentive of ...
    2008-03-14 10:08:00

  • Jackson Considers Selling Neverland

    Forbes - That allows us to refinance or sell the property," Jackson's attorney, L. Londell McMillan, told The Associated on Friday. He added that Jackson is looking at both options.
    2008-03-14 05:46:00

  • Comstock Homebuilding Companies Enters Into New $40 Million Loan and ...

    MSN MoneyCentral - Proceeds from the New Loan were used to: (i) refinance the Company's Eclipse at Potomac Yard project which was previously financed by Corus Bank and had a principal balance of approximately $22.0 million, (ii) refinance the Company's Townes at ...
    2008-03-14 01:21:00

  • Foreclosure Hope, but No Cure-All

    Washington Post - Charles Alston may lose his D.C. condo because his lender denied his request to either refinance or get a reduction in principal. (By Marvin Joseph -- The Washington Post) Bush reported that the alliance of private lenders and nonprofit organizations ...
    2008-03-14 09:28:00

  • Banks reluctant to refinance Colonial: source

    Reuters - MADRID/LONDON (Reuters) - Goldman Sachs (GS.N: Quote , Profile , Research ) and other banks are reluctant to refinance Spanish property firm Colonial's (COL.MC: Quote , Profile , Research ) debt, potentially blocking its buyout by Investment ...
    2008-03-14 10:29:00

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