Mortgage and Financial News From 2007-9-18 Page 13
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Prime interest rate reduced (Tallahassee Democrat)
Jubilation in the national financial markets has followed action by the Federal Reserve today to reduce the prime interest rate by 50 basis points or one half of a percentage point. By mid afternoon, the Down Jones industrial average had moved up more than 280 points, largely based on the news.
2007-09-18 03:19:58 -
Venture West Funding Arranges $8 Million Package of Apartment Loans in ...
Forbes - Southern California-based Venture West Funding, Inc. announced it has completed the placement of an $8.04 million refinance loan portfolio on four San Gabriel Valley, CA apartment buildings with 76 total units. The loans refinanced existing first ...
2007-09-18 08:10:00 -
Refinance Your Vegetables?
Motley Fool - No, you can't take out a loan on cabbages, and don't count on having a lot of sweat equity in those tomatoes at the bottom of your refrigerator. But I've been reading a few articles recently about Kroger (NYSE: KR ) growing its financial services ...
2007-09-18 11:09:00 -
New York Scales Back Bond Sale, Lifts Yields to Attract Buyers
Bloomberg - New York last sold bonds, in a deal to refinance higher- interest debt, two months ago after the three major credit- rating companies raised their assessments of the city. Ten-year bonds, rated Aa3 by Moody's Investors Service, AA by ...
2007-09-18 10:54:00 -
Darling caught off guard by first big test
Financial Times - It was also under pressure to raise about £3bn in the capital markets to finance new mortgages and refinance existing ones. Executives led by the bank’s chief, Adam Applegarth, had been in regular contact with supervisors at the FSA throughout the ...
2007-09-18 01:32:00 -
Recession: What the cut won't do
CNN Money - But others say even a series of rate cuts won't solve the problem for those who have been paying low teaser rates on their mortgages with the expectations that they would be able to refinance before rates reset. The fact that investors no longer are ...
2007-09-18 12:27:00 -
Centennial Communications Completes Purchase of Islanet Communications ...
MSN MoneyCentral - ... customers, including next generation 3G and 4G technology; our ability to generate cash and the availability and cost of additional capital to fund our operations and our significant planned capital expenditures, including the need to refinance ...
2007-09-18 01:25:00 -
Countrywide CEO calls on U.S. government to help ease credit crunch
International Herald Tribune - Americans are faced with curtailment of income and declining home prices, and the fact that they cannot refinance or sell a home is exacerbating the delinquency picture," he said. Shares of Countrywide rose 61 cents, or about 3 percent, to close at ...
2007-09-18 02:08:00 -
5 Ways to Cash In on the Fed Rate Cut
US News and World Report - Switching to a fixed rate would be a great idea, particularly if you can refinance and your adjustable-rate mortgage is still adjusting higher," says Mark Zandi, chief economist at Moody's Economy.com. Thirty-year fixed-rate mortgages dropped to 6.25 ...
2007-09-18 02:22:00 -
Democrats May Stall Mukasey Confirmation
US News and World Report - ... Democrats are "not expected to take up President Bush's war spending request until November, giving them time to calculate ... Obama also called for federal solutions to the subprime mortgage crisis and general credit burden. MoveOn Targets "AWOL ...
2007-09-18 06:08:00 -
Would you buy a bridge from this man?
CNN Money - In part because there is less disclosure on some of Macquarie's other funds, it is impossible to independently calculate how ... But if the credit market shuts down, as the mortgage market did, and Macquarie can't pay the promised dividend, then the ...
2007-09-18 08:10:00 -
Shares of two more UK mortgage lenders plummet
Financial Times - There is a recognition that rising mortgage rates in the UK will squeeze demand for new loans and may put pressure on house ... Most analysts calculate that, based on the value of the bank’s assets, it is currently worth 350p-400p a share, suggesting ...
2007-09-16 05:59:00 -
Prepare for prolonged turmoil, says US Treasury Secretary
Times Online - ... when the banks were giving 50 year mortgages to people at interest payments only when any reasonably intelligent child with grade 6 could calculate that the buyer was not going to meet the interest payments from day one, let alone pay of the mortgage ...
2007-09-18 12:56:00 -
Intellidyn Refinance Offers Enable Lenders to Target Borrowers Who ...
Consumer Electronics Net - ... announced that the company now enables clients to identify and target refinance ... Robert Grosser, president of the Homestar Direct group of Metrocities Mortgage ... For more information, contact Intellidyn at: 866-773-5756, or sales@intellidyn.com ...
2007-09-18 06:29:00 -
Government efforts to help borrowers anger some in U.S.
International Herald Tribune - ... homeowners last month, Roach, a 30-year-old information technology specialist for a financial firm, had posted an online petition called "Tax Payers Against a Wall Street and Mortgage Bailout ... late payment of property taxes to help homeowners refinance ...
2007-09-18 11:44:00
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