Mortgage and Financial News From 2007-10-3 Page 13

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  • REFILE-UPDATE 3-Australia's RAMS dives despite Westpac deal

    Reuters - SYDNEY, Oct 3 (Reuters) - Shares in RAMS Home Loans Group Ltd (RHG.AX: Quote , Profile , Research ) fell a further 27 percent on Wednesday on fears the Australian mortgage lender, hit by the U.S. subprime market crisis, will struggle to refinance its ...
    2007-10-03 07:38:00

  • Takeover talk boosts Northern Rock shares

    Guardian Unlimited - At is current share price, Northern Rock is worth less than £630m, but anyone taking over the company would also need substantial assets to refinance billions of dollars of liabilities which mature next year. JC Flowers is one of several firms that ...
    2007-10-03 09:18:00

  • Autoroutes Paris-Rhin-Rhone's senior unsecured EMTN program rated 'BBB ...

    Forbes - The EMTN program will be used to refinance the remainder of the group's revolving credit facility (RCF) and to finance debt repayments to Caisse Nationale des Autoroutes and increasing capital expenditures at APRR. The rating on the EMTN program is ...
    2007-10-03 07:59:00

  • Mortgage application volume declines

    BusinessWeek - Refinance volume fell 3.8 percent during the week, while purchase volume dropped 1.8 percent. Refinance volume accounted for 46 percent of applications during the week ending Sept. 28, down from 46.4 percent the previous week. The average interest ...
    2007-10-03 07:59:00

  • BAA Says Heathrow Price Cap Threatens Financing Plan (Update3)

    Bloomberg - Ferrovial bought BAA for $20 billion last year and wants to refinance its debt to allow the airport operator to deliver 4 billion pounds of further investment by the time of the London Olympics in 2012. Stricter limits on passenger fees would make it ...
    2007-10-03 08:28:00

  • BAA Credit Risk Rises as Airport Fee Cap Threatens Refinancing

    Bloomberg - Oct. 3 (Bloomberg) -- BAA Ltd. credit-default swaps soared to a one-month high after the U.K. airport operator said regulatory price caps threaten its ability to refinance 9.3 billion pounds ($19 billion) of debt at lower rates. Contracts on the ...
    2007-10-03 08:56:00

  • UPDATE 3-JC Flowers, Cerberus circle Northern Rock - sources

    Reuters - JC Flowers, founded by former Goldman Sachs banker Chris Flowers, has secured more than 15 billion pounds ($30.6 billion) that could be used in a takeover of the UK lender, one of the sources said, largely to refinance loans. Flowers is doing due ...
    2007-10-03 09:32:00

  • Fitch Rates R.H. Donnelley Corp's Senior Notes 'B-/RR6'; Affirms IDR ...

    Forbes - The company announced that it intends to refinance its senior secured credit facility at DXE with a $750 million term loan A, a $350 million term loan B, and a $100 million revolver. The company also expects to tender for DXE's senior unsecured and ...
    2007-10-03 10:22:00

  • Dems urge Bush to appoint mortgage czar

    MSNBC - Steep prepayment penalties have made it difficult for some to get out of their mortgages, and some homeowners can't afford to refinance or even sell their homes. Bush last month acknowledged "some unsettling times" in the country's troubled housing ...
    2007-10-03 10:36:00

  • U.S. Stocks Drop, Led by Chipmakers; Intel, AMD, Micron Fall

    Bloomberg - That would stem foreclosures by helping homeowners with poor credit records refinance into more affordable loans, Schumer said. Casinos, CSX Wynn Resorts Ltd. and Las Vegas Sands Corp., the U.S. casino companies making the ...
    2007-10-03 10:44:00

  • Homeowners struggle to refinance (The Argus)

    Despite incomes of $150,000 and more, many homeowners in the East Bay are surprised to discover they are unable to refinance their homes.
    2007-10-03 02:47:18

  • 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 values have plunged.
    2007-10-03 02:48:49

  • FCAA receives $50,000 for homeowners program

    Frederick News-Post - These awards will help counseling agencies provide existing homeowners critical information to resolve ongoing ... The Lifeline Refinance Mortgage Program will help homeowners who were victims of predatory or "exotic" mortgages with assistance ...
    2007-10-02 10:55:00

  • US Economy Sliding towards "Stagflation," Global Bond Vigilantes ...

    Safe Haven - ... short-term rates, to ease the plight of homeowners who are unable to refinance ... Investors seeking shelter from the global sub-prime mortgage crisis were much ... GMT filters important news and information into (1) bullet-point, easy to ...
    2007-10-03 09:18:00

  • Democrats to Unveil Foreclosure Plan

    AOL - ... Democrats have been critical of the Bush administration's response to the mortgage ... some to get out of their mortgages, and some homeowners can't afford to refinance ... The information contained in the AP news report may not be published, broadcast ...
    2007-10-03 07:52:00

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