Mortgage and Financial News From 2007-10-3 Page 12

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  • Prodi Concered About Euro Strength

    MSN MoneyCentral - ROME (AP) - Italian Prime Minister Romano Prodi expressed concern Wednesday about the recent appreciation of the single ... the euro's rise -- putting pressure on the ECB ahead of its meeting Thursday, when it is expected to hold the key interest rate ...
    2007-10-03 07:23:00

  • Dollar to Rise Against Euro; No ECB Action Needed, Says Calyon

    Bloomberg - ... against the euro in the next six months, recovering from near record lows, as investors bet the Federal Reserve's interest-rate ... Italian Prime Minister Romano Prodi today said he was ``worried'' about the euro's surge to a record, a day after other ...
    2007-10-03 08:56:00

  • Democrats assail Bush on mortgage crisis

    Miami Herald - ... joint plan by House and Senate Democrats to curb rising home foreclosures created by the sub prime mortgage ... Many of those adjustable rate loans start out with low interest rates, but then reset to higher rates a few years down the road, bringing ...
    2007-10-03 11:55:00

  • Reserve holds firm, but inflation raises fears

    News.com.au - The interest rate rise in August had little effect on spending by Australian households: retail sales during that month rose by 0 ... ahead of the market's consensus of 0.4 per cent, showing the economy has suffered no negative effects from the sub-prime ...
    2007-10-03 11:19:00

  • Prodi says he and Merkel are worried about the euro's strength

    International Herald Tribune - ROME : Prime Minister Romano Prodi said Wednesday that he was "worried" about the euro's surge to a record level and ... The European Central Bank shelved a planned interest-rate increase last month after credit markets virtually stopped as a result ...
    2007-10-03 12:02:00

  • Payment shock in store for those on a fixed-rate mortgage (Daily Mail)

    Thousands of home-buyers on fixed-rate mortgages face a crippling 'payment shock' as a result of the global credit crunch, it was claimed last night. Some could find their monthly repayments surge by up to 60 per cent, bringing the threat of debt and repossession
    2007-10-03 12:38:13

  • Wary Reserve could still lift interest rate (Sydney Morning Herald)

    THE retail trade figures released yesterday have got to be a real worry for the Howard Government and a problem for the Reserve Bank of Australia, writes Elizabeth Knight.
    2007-10-03 07:27:23

  • Interest rate worries for small business (Western People)

    THE VOLATILE nature of the lending market has prompted ISME, the Independent Business Organisation, to warn off Irish banks that plan to increase their interest rates for small and medium businesses.
    2007-10-03 06:06:50

  • Whitestone REIT Fixes the Interest Rate On $70 Million of Debt At 4.77 Percent Through October 1, 2008 (PrimeNewswire via Yahoo! Finance)

    HOUSTON, Oct. 3, 2007 -- Whitestone REIT, which owns and manages 36 commercial properties in Texas, announced today that it has entered into an interest rate swap transaction to protect $70 million in mortgage borrowings from interest rate rises.
    2007-10-03 09:18:01

  • County budget caught in crossfire

    Buffalo News - ... final payment from the outside company, Xspand of Morristown, N.J., won’t arrive until December, too late to calculate and ... Ex-firefighter gets prison as ‘predator’ Kodak quickly shrinks its Rochester campus News analyst Williams says ‘mortgage ...
    2007-10-03 03:48:00

  • Be Mortgage-Free Faster (Investopedia)

    Some mortgage borrowers have only two things in mind: "How much can I afford?" and "What will my monthly payments be?" They max out their finances on mortgage debt and use an interest-only or negative-amortization mortgage to minimize their monthly payments.
    2007-10-03 01:41:18

  • Homeowners struggle to refinance

    Inside Bay Area - Despite incomes of $150,000 and more, many homeowners in the East Bay are surprised to discover they are unable to refinance their homes. Increasingly, lenders shun homeowners who have burdened their houses with too much debt at the same time home ...
    2007-10-03 09:03:00

  • UPDATE 1-Russia's MTS to issue bonds for 30 bln rbls

    Reuters - MTS said earlier it planned to place up to 30 billion roubles of bonds to refinance a $400 million Eurobond due in early 2008 and fund corporate needs. It also has Eurobond issues expiring in October of 2010 and in ...
    2007-10-03 07:23:00

  • Watchdog delivers sharp attack on BAA

    Times Online - Ferrovial plans to refinance about £9 billion of BAA’s debt, as well as debt taken on buying the airport operator last year. All parties would then be able to submit further written evidence to the CAA during a two-month consultation period. The ...
    2007-10-03 08:42:00

  • Tempus comment: Relief in Madrid

    Times Online - In backing proposals by the Civil Aviation Authority to lower significantly the cost of capital to be allowed to BAA in the five years to 2013, the CC would seem to threaten Ferrovial’s ability to refinance its £9 billion of existing and ...
    2007-10-03 08:49:00

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