Mortgage and Financial News From 2007-12-30 Page 2

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  • The faces of foreclosure: Johnnie Pitts

    San Francisco Gate - I want to bring the house up to code and standards so I can one day refinance," he said. "If I'm ever fortunate enough to have a family, the house is here for them." Pitts is a New Year's baby, born at 12:02 a.m. on Jan. 1, 1965, the first newborn of ...
    2007-12-29 03:53:00

  • Bush seeks to ease worries of debt-laden families

    Gulf News - You expect your elected leaders in Washington to address these pressures." Bush said he and Congress recently came to terms on some ways to help, including an energy bill and a measure to help families avoid a tax hit when they refinance a mortgage. ...
    2007-12-30 06:08:00

  • Aussie shares to remain subdued in 08

    West Online - We're going to have further problems in 2008 as companies that rely on the US commercial paper market come up to refinance." A reliance on US commercial paper, which is a short term source of funding, has already claimed the scalps of non-bank lender ...
    2007-12-30 08:52:00

  • Sri Lanka mortgage lender downgraded by Fitch

    Lanka Business Online - The bank's funding has gradually shifted away from concessionary fixed rate refinance loans from donor agencies and the government of Sri Lanka, the latter on account of the state's fiscal limitations." The rising interest rate environment in 2007 ...
    2007-12-30 09:00:00

  • Business losers of 2007

    News.com.au - Securities in Australia's second largest shopping centre owner fell 75 per cent in one day after it announced it couldn't refinance $1.3 billion of maturing debt. The freeze in funding forced Centro to cancel its first-half distribution payout and ...
    2007-12-30 08:02:00

  • Did she miss a chance to boost her chances?

    Globe and Mail - The Stocks have had to refinance the family home to help pay for Renee's special diet and put other plans on hold, including a summer vacation and finishing the basement. The high carbohydrate diet prepared by the Hospital for Sick Children in ...
    2007-12-30 09:35:00

  • Corporate Bond Yields Drop as Companies Refinance $557 Billion

    Bloomberg - Dec. 31 (Bloomberg) -- Borrowing costs for Citigroup Inc., AT&T Inc. and hundreds of U.S. investment-grade corporate bond issuers may fall next year as they refinance about $557 billion of bonds, according to data compiled by Bank of America Corp ...
    2007-12-30 09:14:00

  • Retail (BizJournals)

    Retail demand is a direct function of the number of jobs, incomes and the availability to credit. In recent years, home equity lending and refinance activity have boosted consumer spending significantly, and that is reflected in the 12 million-plus square feet of new retail space under construction across Houston today. This new product will increase inventory by more than 8 percent in the 140 ...
    2007-12-30 09:43:22

  • Corporate Bond Yields Drop as Companies Refinance $557 Billion (Bloomberg.com)

    Dec. 31 (Bloomberg) -- Borrowing costs for Citigroup Inc., AT&T Inc. and hundreds of U.S. investment-grade corporate bond issuers may fall next year as they refinance about $557 billion of bonds, according to data compiled by Bank of America Corp.
    2007-12-30 09:27:40

  • Latest from the

    Stateline - Mortgage-lending safeguards in California and Minnesota aim to keep homeowners from ... created “foreclosure prevention fund” programs to help homeowners refinance ... at least nine more states, for a total of 32, to submit mental-health information to ...
    2007-12-30 09:00:00

  • Number of unsold homes in region at highest this decade

    HamptonRoads.com - ... calls - they've just stopped coming in," said Bob Bristol, a Chesapeake mortgage ... the Peninsula to northeast North Carolina, according to the Real Estate Information ... million homes on the assumption they would be able to sell them later or refinance ...
    2007-12-30 08:52:00

  • Number of unsold homes in region at highest this decade (The Virginian-Pilot)

    More than five times as many homes are for sale in Hampton Roads now as were on the market during the heady days of the real estate boom in 2004, and the excess inventory is showing no sign of shrinking anytime soon. andquot;The calls - they've just stopped coming in,andquot; said Bob Bristol, a ...
    2007-12-30 09:02:31

  • Food costs to rise 4.5% in 2008

    Buffalo News - For cash-strapped consumers already beset by higher gasoline prices and escalating mortgage rates, the hits just keep on coming. This time, it’s food. The sharp rise in food prices seen in 2007 is expected to be followed by another higher-than ...
    2007-12-30 09:18:00

  • Chinese Stock Market Wraps Up Year

    Houston Chronicle - Beijing is struggling to keep inflation in check and could continue to raise interest rates. Also, the mortgage crisis in the U.S. has raised the risk of a recession that might sap demand for Chinese exports. Jason Zhou is among the legions of Chinese ...
    2007-12-30 02:04:00

  • When did my mortgage rate change?

    MyFinances.co.uk - A reader is unsure when the standard variable rate with her mortgage company changed last – after the Bank of England cut interest rates last week. The team from myfinances.co.uk helped to find an answer. Agnieszka from Gdansk asked: I read in the ...
    2007-12-30 03:02:00

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