Mortgage and Financial News From 2008-1-3 Page 2

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  • Retailers demand interest rate cut (icWales)

    A HOST of the high street’s biggest names took a stock market hammering yesterday as the first flurry of Christmas trading updates spooked investors.
    2008-01-03 10:52:02

  • Banks 'must think of families'

    News.com.au - General manager of Bank SA, Chris Ward, said last night South Australia's biggest home loan lender had "no immediate plans ... People had better start living within their means, reducing debt, refinance over longer terms to reduce impact of interest rate ...
    2008-01-03 05:56:00

  • Delinquency rate on consumer loans is climbing

    Providence Journal - The report reflects continuing fallout from the subprime mortgage crisis, as tighter credit and declining home values made it more difficult for consumers to refinance debt. People behind on mortgage payments in the third quarter reached the highest ...
    2008-01-03 04:23:00

  • Australia Bond Risk Rises to Record as Banks Up Mortgage Rates

    Bloomberg - National Australia, the country's second-biggest provider of mortgages, raised its rate for home loans that don't have a ... Group, which owns 700 shopping centers in the U.S., put itself up for sale this week ahead of a Feb. 15 deadline to refinance A ...
    2008-01-03 10:28:00

  • Benítez faces up to bleak midwinter as reality bites at Anfield - Guardian Unlimited

    Benítez faces up to bleak midwinter as reality bites at AnfieldGuardian Unlimited, UK - 4 hours agoHicks and Gillett's struggle to finalise the terms on a £350m loan to refinance their purchase of the club and pay for the first development work on a new ...
    2008-01-03 06:12:00

  • Judges' rulings stop some foreclosures - Workers World

    Judges' rulings stop some foreclosuresWorkers World - 55 minutes agoIn 1997, after her husband’s death, Turner refinanced and saw her adjustable-rate mortgage payment jump from $527 to more than $865 over the next three ...
    2008-01-03 10:04:58

  • Commission votes to approve FairPoint deal - Kennebec Journal

    Commission votes to approve FairPoint dealKennebec Journal, ME - 52 minutes agoThat was important, because the company will need to refinance its debt then, and suffer high interest rates. Adams worried FairPoint won't be able to ...
    2008-01-03 10:07:41

  • Panama offers perks to US retirees - Chicago Daily Herald

    Panama offers perks to US retireesChicago Daily Herald, IL - 29 minutes agoBy David Myers | Columnist A growing number of Americans -- especially older people who are selling their home for a handsome profit -- are moving to Panama ...
    2008-01-03 10:30:54

  • Australia Bond Risk Rises to Record as Banks Up Mortgage Rates - Bloomberg

    Australia Bond Risk Rises to Record as Banks Up Mortgage RatesBloomberg - 22 minutes ago15 deadline to refinance A$3.9 billion ($3.4 billion) of debt. The Melbourne-based company took on debt to help fund $9 billion of US acquisitions in the ...
    2008-01-03 10:38:08

  • Year in Review (In Business Las Vegas)

    Southern Nevada's white-hot growth trends hit a brick wall in 2007 with housing slumps and foreclosures making the biggest business headlines of the year.
    2008-01-03 05:38:54

  • UPDATE 1-Centro says can't extend interest rate hedges (Reuters Finance News, Australia via Yahoo!7 Finance)

    SYDNEY, Jan 4 (Reuters) - Centro Properties Group CNP.AX, Australia's second high-profile victim of the global credit crisis, said it had been unable to extend maturing interest rate hedges on its borrowings, potentially causing greater volatility in its earnings.
    2008-01-03 10:44:21

  • Australia Bond Risk Rises to Record as Banks Up Mortgage Rates (Bloomberg.com)

    Jan. 4 (Bloomberg) -- The risk of Australian companies defaulting on their debt rose to a record after the global credit turmoil forced two of the nation's banks to raise interest rates on mortgages.
    2008-01-03 10:44:53

  • Mortgage originators may face penalties, state regulators say

    Seattle Post Intelligencer - ... issued 13,722 initial licenses and denied 170 applications because of criminal histories, bad credit or character issues. But just 6,139 originators passed the test and, of those, just 5,720 have renewed. There's a similar situation among mortgage ...
    2008-01-02 03:55:00

  • How to recover from a holiday ‘debt hangover’

    MSNBC - NEW YORK - As the credit card bills start rolling in this month from the recent ... borrowers have to take is to make sure they're current on their home mortgage or rent ... No matter how bad things get, you need a place to live," he said. The next step ...
    2008-01-03 11:36:00

  • Dollars, pounds and China's financial system

    Daily Telegraph - ... and as we know post sub-prime there are strings attached to a £100,000 mortgage, let ... when the American bank went cap-in-hand after coming a cropper on the credit markets ... system has problems, so does China's: its banks too sit on a sea of bad loans ...
    2008-01-03 10:21:00

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