Mortgage and Financial News From 2007-10-9 Page 27
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Loan 'workouts' more likely for burdened debtors (Daily Press)
Mortgage companies, once reluctant to alter terms to prevent foreclosure, are easing up for weary homeowners. Shortly after the new year, John and Mona Breidenstein started to get anxious about their $427,000 adjustable-rate mortgage. The interest rate would reset this year, and the Santa Maria, Calif., couple feared they would not be able to afford the higher payments.
2007-10-09 01:23:31 -
Australia Prime Minister lacks trust, vision: poll (Chinapost.com.tw)
CANBERRA -- Australia's Prime Minister John Howard, tipped to ask voters for a fifth term within days, faces an election drubbing, with voters ranking his opponent as more trustworthy and visionary, a new poll showed on Monday.
2007-10-08 07:14:20 -
Sub-prime woes could drag on for 18 months, says analyst (Bangkok Post)
Problems in the US sub-prime housing market could put the world economy at risk for at least 18 months, says Cheng Tai Hui, chief economist for Southeast Asia for Standard Chartered Bank. Defaults by US sub-prime mortgage borrowers are expected to surface over the next 12-18 months when loans are up for renewal.
2007-10-08 12:07:38 -
South Africa: Country Relatively Unaffected by U.S. Sub-Prime (AllAfrica.com)
Local money markets were "relatively unaffected" by United States sub-prime woes, said the Governor of the South African Reserve Bank (SARB).
2007-10-09 02:20:52 -
Background to sub-prime market (RTÉ News)
Who are the players in the Irish market? Most people could only think of two or three, but there are six companies in the Irish sub-prime market. They are generally local Irish businesses backed by international banks with the access to funds.
2007-10-09 01:52:26 -
Dollar May Extend Gains Versus Euro, Yen on Fed Rate Outlook (Bloomberg.com)
Oct. 9 (Bloomberg) -- The dollar may extend its gains against the euro and yen on speculation the Federal Reserve will refrain from cutting interest rates this month on signs the economy will avoid a recession.
2007-10-08 04:16:55 -
Dollar Trades Near 2-Week High Versus Euro on Fed Rate Outlook (Bloomberg.com)
Oct. 9 (Bloomberg) -- The dollar traded near a two-week high against the euro and the strongest in eight weeks versus the yen on speculation the Federal Reserve won't cut interest rates this month.
2007-10-08 06:32:26 -
No major rate cut likely, say experts (The Nation)
Market experts are predicting the Bank of Thailand (BOT) will hold or cut its policy interest rate tomorrow,....
2007-10-08 06:54:20 -
Government-guaranteed loans are easier to get than ever
Allentown Morning Call - An FHA loan is certainly not the trauma it used to be,'' agreed Eileen Dunn, branch manager of Wells Fargo Home Mortgage in ... The FHA uses the one-year Constant Maturity Treasury Index to calculate interest rate changes. The maximum amount that the ...
2007-10-08 05:23:00 -
Debt management ensures a brighter future, say Gregory Pennington
PR Inside - As a result, they may reach the end of their working life before they reach the end of their mortgage - their income may ... We look at their income and expenditure to calculate how much they need for their living expenses and how much they can ...
2007-10-08 04:11:00 -
News 10.7.2007 (Radio Prague)
Array
2007-10-08 08:53:32 -
Northern Rock Shares Rise After Citigroup Loan Report (Update3)
Bloomberg - Newcastle, England-based Northern Rock needs to refinance about 14 billion pounds in the second half of this year and as much as 30 billion pounds over the next year, the London-based newspaper reported on Oct. 7, citing analysts. Terms of the ...
2007-10-08 09:55:00 -
Bring 'big picture' back to the housing market
Everett Herald - Is it time to refinance? Time to sell? Time to move in? "The housing peak is over," said Todd Britsch, president of Bothell-based New Home Trends, which tracks construction. "These type of frenzies come around every 20 years." Instead, the region will ...
2007-10-08 11:52:00 -
Lone Star a potential Northern Rock suitor
MSNBC - However any bidder is likely to seek government support to help refinance the bank, which is being advised by Merrill Lynch and Citigroup. Citigroup is in talks to provide additional financing of up to £10bn. Alistair Darling, chancellor of the ...
2007-10-08 03:03:00 -
BAA tries to reassure investors over debt
The Independent - Ferrovial must refinance BAA's debt to free up the cash necessary for its £3.5bn redevelopment of Terminals One and Two at Heathrow and to reduce the interest it pay on its arrears. The deal, set to be the world's-largest securitisation using ...
2007-10-08 04:07:00