Mortgage and Financial News From 2007-10-19 Page 8

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  • Even 'safe' funds play with fire

    CNN Money - Up until now, Cheyne has been paying its maturities as they come due," Goldstein said. He added that Deloitte, the firm acting as receiver for Cheyne, said this week that it was pleased with the progress of efforts to refinance and shore up the ...
    2007-10-19 02:42:00

  • (AFX UK Focus) 2007-10-19 16:12 GMT: Codere subscribes to credit line of up to 100 mln eur to refinance debt (Interactive Investor)

    MADRID (Thomson Financial) - Spanish gaming group Codere SA, which celebrated its stock market debut today, has subscribed to a credit line of up to 100 mln eur to refinance debt. In a statement, Codere said the loan agreement has been signed with Banco Bilbao Vizcaya Argentaria SA, Credit Suisse and Barclays. tfn.europemadrid@thomson.com ped/lht
    2007-10-19 08:39:47

  • Transpark financing approved

    Bowling Green Daily News - The deal paves the way for the city to refinance about $28 million in bonds for the ... bonds to replace the transpark’s current $25 million in county-issued mortgage ... Citizen Information and Assistance Director Mike Grubbs showed elected officials a ...
    2007-10-16 05:59:00

  • The Editors

    BBC Brasil - It is one of the last bastions of non-commercial public information whose editorial basis was not swayed by monied interests, however well intentioned. Speaking as one who consciously avoids the new-for-profit media so prevalent in the West, I will ...
    2007-10-17 05:58:00

  • The global economy is exposed to America's houses of cards

    Lebanon Daily Star - Some, observing the crash of the sub-prime mortgage market, say, "Don't worry, it ... Instead, easy money stimulated the economy by inducing households to refinance ... the loans onto others. (As economists would say, problems of asymmetric information ...
    2007-10-19 01:09:00

  • Treasury chief: Housing turmoil a 'risk' to economy (USA Today)

    Treasury Secretary Henry Paulson said Tuesday the steep housing downturn posed the most "significant current risk" to the economy, adding the correction was dragging on longer than expected.
    2007-10-19 09:00:59

  • New Details Released After Hit And Run Driver Gets Killed (WFTV 9 Orlando)

    DAYTONA BEACH, Fla. -- Troopers released new information Friday afternoon about a bizarre hit and run crash on I-95.
    2007-10-19 11:44:06

  • Reward Offered In Burglary Of Trotwood Business (WHIO-TV 7 Dayton)

    A reward is being offered for information that leads to the arrest and convictions of two men caught on tape burglarizing Kasel Engineering in Trotwood.
    2007-10-19 01:50:58

  • Dueling Fools: Homebuilders

    Motley Fool - Are folks still buying homes anymore? Of course they are. The market has cooled off considerably as of late, but people are still heading to our online Home Center to learn about homebuying tips and get the skinny on the latest mortgage rates. I can ...
    2007-10-19 08:52:00

  • The Subprime Mortgage Bust Goes Global

    American Enterprise Institute - More than 80 subprime lenders have gone out of business since December last year, and other major lenders are cutting back drastically on subprime lending (a little late), raising credit standards generally, and raising jumbo mortgage rates. All of ...
    2007-10-19 05:38:00

  • UK two-year mortgages sell out in days

    Financial Times - In the face of much lower lending rates, reported by the Council of Mortgage Lenders this week, lenders have been competing for customers by reducing rates for short-term mortgages. Business at Abbey had gone up 20 to 30 per cent thanks to the ...
    2007-10-19 01:24:00

  • Fitch Affs LaSalle Bank's Master Svcr Rtg at 'RMS3+' (formerly ...

    Forbes - Fitch Ratings rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. Within some of these rating levels, Fitch further differentiates ratings by plus (+) and minus (-) as well as the ...
    2007-10-19 02:07:00

  • Harley profit falls 15% on weaker U.S. demand

    Marketwatch - SAN FRANCISCO (MarketWatch) -- Overseas demand for Harley-Davidson's high-end motorcycles rose in the third-quarter, but the company said Friday that sales fell on its home turf, where potential buyers are grappling with rising mortgage rates and a ...
    2007-10-19 01:24:00

  • National business briefs: Mortgage rates hold steady

    Kansas City Star - Rates on 30-year mortgages were unchanged this week at 6.40 percent, and rates on other types of mortgages rose slightly. Freddie Mac, the mortgage company, reported Thursday that rates on 15-year fixed-rate mortgages averaged 6.08 percent, up ...
    2007-10-17 05:58:00

  • Mortgage rates unchanged

    Buffalo News - WASHINGTON (AP) — Rates on 30-year mortgages were unchanged this week while rates on other types of mortgages also showed little movement. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.40 percent ...
    2007-10-19 07:19:00

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