Mortgage and Financial News From 2008-1-3 Page 17

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  • Franklin Credit Management Receives Notice of Non-Compliance From NASDAQ (PR Newswire via Yahoo! Finance)

    Franklin Credit Management Corporation today announced that on January 2, 2008, it received notice from the NASDAQ Stock Market of the failure of its common stock to maintain a minimum market value of publicly held shares of $5 million as required by NASDAQ Marketplace Rule 4450.
    2008-01-03 04:39:00

  • Aussie services sector expands (TVNZ)

    Australia's services sector finished 2007 with its best result in more than four years despite an interest rate rise in the month before Christmas, a survey shows.
    2008-01-03 04:46:39

  • Politicians will pay dearly if oil price brings hardship (The Herald)

    The price of crude oil broke through its symbolic $100 a barrel ceiling again yesterday. The first of the UK's major energy utilities, Npower, signalled plans for double-digit hikes in both its electricity and gas tariffs. The others will certainly follow.
    2008-01-03 04:59:12

  • Franklin Credit Management Enters Into Debt Restructuring With Lead Lending Bank (PR Newswire via Yahoo! Finance)

    Franklin Credit Management Corporation , a specialty consumer finance company primarily engaged in the servicing and resolution of performing, reperforming and nonperforming residential mortgage loans, today announced that on December 28, 2007, the Company and its direct and indirect subsidiaries, including its Tribeca Lending Corp. origination subsidiary , entered into a series of ...
    2008-01-03 05:26:00

  • Now You See Those Securities, Now You Don’t (NYTimes.com via Yahoo! Finance)

    The days before New Year’s are prime time for banks to try and appear healthier than they really are and for money managers to ditch dubious-looking securities from their portfolios. .
    2008-01-03 05:39:49

  • Consumers face further pain as banks rein in credit (Independent)

    Expectations of an interest rate cut rose yesterday as the credit crunch forced banks to rein in their lending and financial turmoil threatened to hit the wider economy.
    2008-01-03 05:41:54

  • Banks 'must think of families' (Adelaide Now)

    TREASURER Wayne Swan has urged the banks to think of families as the NAB today moved to lift interest rates outside official Reserve Bank rises.
    2008-01-03 05:51:44

  • (In U.S. dollars unless noted)

    Reuters - TORONTO, Jan 3 (Reuters) - Embattled commercial printer Quebecor World Inc (IQW.TO: Quote , Profile , Research ) may have no alternative but to sell itself as it struggles to refinance as much as $1 billion in the next six months, analysts say. The ...
    2008-01-03 11:36:00

  • Centro's survival hopes boosted

    News.com.au - Centro must convince its bankers it can refinance $3.9 billion of that debt by February 15. Aequs Securities institutional dealer Ric Klusman said Centro stock would "go back to $2''. "I think they will now ride through this,'' he said. At $2, Centro ...
    2008-01-03 02:00:00

  • Banks must consider rates pressure on families - Treasurer Swan

    News.com.au - The banks put interest rates up, and then help you refinance to cover the costs of interest rates going up. Petrol goes up, interest rates go up, electricity goes up, water goes up, gas goes up, council rates go up, rego goes up, car insurance ...
    2008-01-03 04:51:00

  • Global property sector feels heat

    Financial Times - On Wednesday, Australian property company Centro admitted it might have to sell its business after failing to refinance loans of A$1.3bn ($1.15bn) that helped bankroll its US expansion. Centro’s announcement coincided with the suspension of shares in ...
    2008-01-03 05:06:00

  • Energi Mega, Korean Air, Macronix: Asia Ex-Japan Equity Preview

    Bloomberg - Manila Electric, which will use the one-year loan to refinance other obligations, fell 1.50 pesos, or 1.8 percent, to 82. Metropolitan Bank (MBT PM), the nation's third-largest lender by market value, lost 1.50 pesos, or 2.7 percent, to 54 ...
    2008-01-03 02:57:00

  • Countrywide to Cut Chicago-Area Jobs - Los Angeles Business Journal (subscription)

    Countrywide to Cut Chicago-Area JobsLos Angeles Business Journal (subscription), CA - 6 hours agoRefinance volume also tumbled more than 15 percent, while purchase volume also dropped 8.5 percent. Refinance applications accounted for 51 percent of total ...
    2008-01-03 11:04:09

  • Consolidated Communications Announces Final Results of North ... - FOX News

    Consolidated Communications Announces Final Results of North ...FOX News - 4 hours ago... restrictions contained in the Company's debt agreements that limit the discretion of management in operating the business; the ability to refinance the ...
    2008-01-03 01:19:00

  • Stocks to watch - The Age

    Stocks to watchThe Age, Australia - 4 hours agoThe nation's second largest owner of shopping centres went into a tailspin midway through December when it was unable to refinance about $1.3 billion of ...
    2008-01-03 01:35:56

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