Mortgage and Financial News From 2007-12-13 Page 2

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  • Feds' interest-rate freeze won't help Queens: Pols (The TimesLedger Newspapers)

    Holders of sub-prime loans from Queens, the borough hit hardest by the mortgage crisis, will see little benefit from the federal government-backed plan to freeze interest rates on such loans for up to five years, elected officials from the borough said.
    2007-12-13 10:15:05

  • Mechel Makes Drawdown Under US$2 Billion Syndicated Loan

    Forbes - The syndicated loan will refinance Mechel's short term loans taken for the acquisition of the block of shares of Yakutugol OAO (75% of the statutory capital minus one share), Elgaugol OAO (68.86% of the statutory capital), and the real estate complex ...
    2007-12-13 07:08:00

  • Reuters Summit-Investors see housing as top US election theme

    Guardian Unlimited - One of her rivals for the nomination, Sen. Barack Obama of Illinois, said he would establish a fund to help people refinance their mortgages or sell their houses if they can't afford them.
    2007-12-13 10:00:00

  • SNB says it ready to act to restore mkt confidence

    Forbes - The pressure on participants who are still only able to refinance themselves in the market on a very short-term basis remains high," he said. The surprise central bank plan represents coordinated actions rather than a series of piecemeal measures and ...
    2007-12-13 09:02:00

  • Asset-Backed CP Declines to Lowest Since October 2005 (Update3)

    Bloomberg - Buyer reluctance to invest in securities tied to subprime mortgages shut SIVs such as Cheyne Finance and Rhinebridge Plc out of the market, leaving them unable to refinance their paper. `Lack of Confidence' ``It's a lack of ...
    2007-12-13 10:43:00

  • New Fees From Fannie Mae, Freddie Mac Bite Borrowers

    Street.Com - In fact, we'd probably have to pay the fee even if we want to refinance our 10-year adjustable-rate mortgage. At this point, that seems the more likely scenario, as it doesn't look like we're going anywhere soon. Fannie and Freddie are government ...
    2007-12-13 11:47:00

  • Fitch Rates Iowa Finance Auth (Edgewater, A Wesley Active Life ...

    Forbes - The bond proceeds will be used to be used (a) to finance or refinance the construction of a new senior living community located in West Des Moines, Iowa. Fitch's rating definitions and the terms of use of such ratings are available on the agency's ...
    2007-12-13 12:23:00

  • Nationalisation high on Rock agenda

    Financial Times - The bank would be helped by the fact that most consumers have two or three-year mortgage deals and are likely to refinance with another lender when their deals are up for renewal. Although the government would try to square off potential problems, the ...
    2007-12-13 01:20:00

  • Realtors Association Forecasts Sun for Housing Market; Why Are Such ...

    Washington Post - That increase from 3 percent to 9 percent is just a refinance away, but after two years most people weren't in better shape and couldn't refinance. And then the element missing from the above-mentioned alchemy that can turn a $125,000 pile of sticks ...
    2007-12-13 12:51:00

  • Heathrow to begin makeover in 2008

    MSNBC - Somehow, BAA will need to finance the project — not easy when its credit rating is already down to junk status as it struggles to refinance 9 billion pounds (U.S. $18.4 billion) of Terminal 5 and other airport development debt," Wheeldon said ...
    2007-12-13 02:46:00

  • Enclave condos secure loan

    MSN MoneyCentral - Canyon Capital Realty Advisors funded the $35 million loan to refinance and acquire debt collateralized by the properties, according to a release. SunVest, a real estate development company headquartered in Hallandale, bought the properties in 2005 ...
    2007-12-13 03:15:00

  • Cautious optimism for a new plan: The $100bn bail-out but will it make ...

    The Independent - The value of the longer-term assets has collapsed, however, and SIVs are finding it hard to find outside investors to refinance them. The M-LEC is meant to step in as a buyer of last resort for assets that might otherwise have to be sold at fire-sale ...
    2007-12-13 04:41:00

  • Too Late to Refinance an ARM?

    Street.Com - Mortgage rates rose over the past week from two-year lows, even as the Federal Reserve lowered short-term interest rates again, according to a survey by Freddie Mac ( FRE - Cramer's Take - Stockpickr ). The average rate on benchmark 30-year, fixed ...
    2007-12-13 11:33:00

  • FHA Loan Expansion Heading To a Vote

    Washington Post - Last week, the Bush administration announced a plan that would freeze subprime mortgage rates for homeowners for five years to give them time to refinance before their rates reset. The FHA insurance program offers an easy option for these homeowners ...
    2007-12-13 08:51:00

  • Proceedings For Foreclosures In Georgia

    Best Syndication - ... com is a comprehensive resource to get help about property Foreclosures. _____ Other Information Click Here For Comparison Chart Of 30 Year Fixed Rate Mortgages in US Mortgage Information Refinance Mortgage Information
    2007-12-13 11:33:00

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