Mortgage and Financial News From 2007-11-22
Previous Day: 2007-11-21
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Nedbank economist warns on rate hikes
Business Day South Africa - Interest rates will be high in the first half of next year. There is a strong chance of an increase next month, a gainst our ... SA might end next year on a prime rate of 13% (it is at 14% now), a falling oil price, an unpredictable rand and equity and ...
2007-11-22 12:02:00 -
Australian PM Howard faces final election battle
Guardian Unlimited - CANBERRA, Nov 22 (Reuters) - Conservative Prime Minister John Howard, one of Australia's great political survivors, faces ... But little has gone right for him in this campaign, including a recent interest rate rise, and he has carried the weight of past ...
2007-11-21 11:40:00 -
Beuthin’s alleged accomplice behind bars
Talk Radio 702 - His son is a prime suspect in last year's London bombings. Patel's lawyer Zahir Omar claims Home Affairs is trying to deport his client because of his son's terrorist links. But government says he doesn't have the necessary documents to remain in the ...
2007-11-22 01:06:00 -
Schwarzenegger offers home help (Calcutta News)
Four major home loan servicing companies in the U.S have offered to help California borrowers avoid going into default, including maintaining the initial interest rate on some loans due to reset to higher monthly payments.
2007-11-21 04:43:48 -
Fitch Affirms General Growth Properties IDR at 'BB'; Outlook Stable
Forbes - This concern is offset to a degree by management's intention to refinance many of its properties' maturing mortgages with lower loan-to-value mortgages, as opposed to stretching for maximum loan proceeds with attendant higher spreads. Additionally ...
2007-11-21 08:03:00 -
Russia c.bank to accept Eurobonds in repos next week
Guardian Unlimited - The central bank's main refinance tool is one-day repo operations with which it provides banks cheap liquidity, accepting bonds they hold as collateral.
2007-11-21 11:02:00 -
Asian Stock Markets Mixed Ahead of Holidays
FXStreet.com - Australia's biggest subprime victim, Rams Group, dropped more than 22% on concerns that the company would not be able to refinance two debt facilities by a February deadline. South Korea's KOSPI dipped below 1,800 for the first time in 3 months, but ...
2007-11-21 08:13:00 -
US Home Lender Group Down Sharply
ABN Newswire - Rams was in the news yesterday and so was a major funder, the National Australia Bank as the struggle to refinance $6.1 billion in loans looks like failing. The credit squeeze is turning from a firm embrace into an uncomfortable hug. News from the US ...
2007-11-21 09:24:00 -
Banco de Oro Unibank raises capital
Manila Times - The Banco de Oro has raised its capital through unsecured subordinated debt to further expand its consumer loan portfolio and refinance Lower Tier 2 debt. The bank led by mall magnate Henry Sy has issued P10 billion in unsecured subordinated debt ...
2007-11-22 12:09:00 -
Mapeley forced to pay price of finance jitters
Times Online - As banks showed themselves ever less willing to lend to each other yesterday, short-sellers focused on companies with debt that they need to refinance. Mapeley was one of the key victims. The developer, which looks after the taxman’s properties ...
2007-11-21 03:48:00 -
Miller seeks records in custody case
Inland Valley Daily Bulletin - Lopez admitted taking the loans, but produced documents that indicate he received just $17,423 from a refinance and an equity line of credit. "She planned this," Miller said
2007-11-22 12:02:00 -
U.S. credit woes fuel Aussie slump
Earthtimes - The big banks all suffered sharp falls of around 2 percent but the Rams Home Loans group dropped 14 percent over worries the lender may not be able to refinance one of its debt facilities by a February deadline. Base metal shares were also down with ...
2007-11-22 12:09:00 -
RAMS Gets a Hand for Some Loans
Wall Street Journal - SYDNEY -- National Australia Bank Ltd. said it could take some of RAMS Home Loans Ltd.'s mortgages onto its balance sheet as RAMS struggles to refinance its two U.S. commercial-paper programs, valued at a total of 6 billion Australian dollars ($5.3 ...
2007-11-21 09:17:00 -
Home sales, prices decline nationwide
Boston Globe - Fewer mortgages and falling prices have made it harder to refinance or sell. About 40 percent of US lenders have raised their standards on mortgages for prime borrowers, their most creditworthy customers, according to a Federal Reserve survey this ...
2007-11-21 10:57:00 -
Usury lawsuit names Harvard, Princeton, and Yale endowments
Boston Globe - Fahey said he accepted the terms because he expected to get development approvals within three to six months, allowing him to refinance with a bank. When he couldn't do so and failed to meet the required payments, the lending partnership eventually ...
2007-11-21 10:57:00