Mortgage and Financial News From 2008-1-10 Page 75

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  • Slump in housing triggers warning (The Globe and Mail)

    Housing starts froze up at the end of last year, leading a prominent Bay Street economist to warn of a sharper-than-expected downturn in the Canadian real estate market, but others said one month's data provide a poor indicator of what's in store for 2008.
    2008-01-10 03:05:30

  • Countrywide hit with more loan defaults (Inside Bay Area)

    LOS ANGELES — Countrywide Financial Corp., its stock pummeled this week by rumors of bankruptcy and lackluster housing market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans last month rose, signaling worsening trouble for the nation's largest mortgage
    2008-01-10 03:07:45

  • U.S. Stock-Index Futures Drop; Freddie Mac, Ford, Boeing Fall (Bloomberg.com)

    Jan. 10 (Bloomberg) -- U.S. stock-index futures retreated after Capital One Financial Corp. reduced its profit forecast, fueling speculation credit-market turmoil and slowing economic growth may hurt earnings more than analysts estimated.
    2008-01-10 03:13:01

  • Congress ponders change in bankruptcy law

    Times-Argus - Living on Social Security, McGee said she had to refinance her home to pay $5,000 in back taxes to avoid a foreclosure. She said she wasn't aware that her house payment would rise from $706 to $912 per month, beyond what she could afford on her fixed ...
    2008-01-09 11:54:00

  • Quebecor World near deal

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa-Mideast ... The company said last week it must also fully repay its borrowing by June 30, creating a near-term deadline to refinance debt ...
    2008-01-08 03:55:00

  • Homebuyers get a break

    Salt Lake Tribune - Part of the problem is that mortgage companies, stung by rising defaults and foreclosures, have tightened lending standards, which have made it harder for many consumers to refinance or buy a home on credit. Another problem is that after several ...
    2008-01-10 12:44:00

  • News Summary - 1/10 - Daily Record (subscription)

    News Summary - 1/10Daily Record (subscription), MD - 10 hours agoIn late December, j-ref loaned $175000 to Dawn Home to help refinance the facility and provide working capital. CommerceFirst provided $802000 for the ...
    2008-01-09 04:06:23

  • Part 2: From partnership to loathing, contempt - Vancouver Sun

    Part 2: From partnership to loathing, contemptVancouver Sun,  Canada - 8 hours agoIn June, McCammon negotiated an important deal with a consortium of banks led by the HSBC that refinanced the Canucks with a $95-million loan. ...
    2008-01-09 06:51:56

  • Centro shares slump 22% - The Age

    Centro shares slump 22%The Age, Australia - 4 hours ago"People are waxing and waning between whether the business is viable on an ongoing basis, or whether they are going to refinance the debt that rolls over in ...
    2008-01-09 10:10:30

  • Applications to refinance soar in week - Philadelphia Inquirer

    Applications to refinance soar in weekPhiladelphia Inquirer, PA - 2 hours ago... for borrowers to refinance into near or historically low interest rates," said Brett Warren, president of Buyer's Home Mortgage Inc., of Abington.
    2008-01-10 12:10:33

  • Homebuyers get a break - Salt Lake Tribune

    Homebuyers get a breakSalt Lake Tribune, United States - 2 hours ago... rising defaults and foreclosures, have tightened lending standards, which have made it harder for many consumers to refinance or buy a home on credit. ...
    2008-01-10 12:52:36

  • Defendant To Serve 4 To 10 Years Minimum In Securities Scam ... - All American Patriots (press release)

    Defendant To Serve 4 To 10 Years Minimum In Securities Scam ...All American Patriots (press release), Sweden - 22 minutes agoNASH convinced many of the investors to cash in safe investments, 401K Retirement accounts and refinance their homes in order to invest in the fraudulent ...
    2008-01-10 02:37:52

  • Applications to refinance soar in week (Philly.com)

    Applications for mortgage refinancings climbed 53.9 percent last week as fixed interest rates continued to fall, the Mortgage Bankers Association reported yesterday.
    2008-01-10 01:30:05

  • Mortgage applications up 32 percent (New York Daily News)

    Mortgage applications are soaring, led by a surge in refinancing as long-term interest rates fall to the lowest level in two years. The Mortgage Bankers Association's index of applications to buy a home or refinance a loan rose 32% last week, the biggest gain since January 2001.
    2008-01-10 01:48:55

  • digest (Worcester Telegram & Gazette)

    A U.S. panel created to recommend ways to fund road construction plans to propose that federal gasoline taxes rise as much as 40 cents per gallon over five years, a person with direct knowledge of the proposal said.
    2008-01-10 02:02:35

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