Mortgage and Financial News From 2007-9-10 Page 16
Previous Day: 2007-09-09
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U.K. Stocks Including Smiths Group, ITV Gain; Barclays Declines
Bloomberg - Banks and investors will need to refinance $113 billion of commercial paper starting Sept. 10 and bankers are predicting the worst crisis in the money markets for 20 years, the Sunday Times reported. Scottish & Newcastle increased 1.6 ...
2007-09-10 04:30:00 -
Canadian Stocks May Fall on Concern Global Growth Is Slowing
Bloomberg - Banks and companies need to refinance almost $140 billion o commercial paper in Europe by the end of next week and may push up yield premiums on corporate bonds, according to Deutsche Bank AG, Germany's biggest bank. U.S. Stock Futures ...
2007-09-10 06:32:00 -
LendingTree Gathers Industry Leaders to Promote the Consumer ...
Forbes - LendingTree provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, credit cards and high-yield savings accounts via http://www.lendingtree.com and 800-555-TREE. Launched in 1998 with ...
2007-09-10 06:53:00 -
Countrywide to Lay Off 12,000 Employees
FOX News - Among the changes, the company is consolidating its sales force and plans to keep targeting borrowers who now have adjustable rate subprime loans with offers to refinance with prime loans that carry more stable payments. Mozilo noted some 75 percent ...
2007-09-10 06:53:00 -
European Stocks Fall on Growth Concern; Daimler, Vinci Decline
Bloomberg - Banks and companies need to refinance almost $140 billion of commercial paper in Europe by the end of next week and may push up yield premiums on corporate bonds, according to Deutsche Bank. ``This could be a pivotal seven to 10 days,'' Jim ...
2007-09-10 09:16:00 -
B is for Bailout, C is for ...
International Herald Tribune - Its most direct relief measure would allow an additional 80,000 at-risk homeowners to refinance their loans through the Federal Housing Administration, on top of 160,000 already eligible. Though not likely to be aggressive enough - some 2 million ...
2007-09-10 09:38:00 -
Canada Stocks Fall With Oil, Metals; Suncor, Teck Cominco Drop
Bloomberg - Links Finance, an affiliate of the Toronto-based bank, is among companies seeking to refinance about $120 billion in maturing asset-backed commercial paper in Europe, the Wall Street Journal reported. The market worldwide for asset-backed ...
2007-09-10 10:14:00 -
Debt Market in `Pivotal' Test as $140 Billion Matures (Update5)
Bloomberg - Sept. 10 (Bloomberg) -- Corporations need to refinance almost $140 billion of commercial paper in Europe by the end of next week and will increase borrowing costs for companies, according to Deutsche Bank AG, Germany's biggest bank. ``This could be a ...
2007-09-10 10:42:00 -
Yen Volatility Rises; Financing Difficulties Dim Risk Appetite
Bloomberg - Banks and companies need to refinance almost $140 billion of commercial paper in Europe by the end of next week, according to Deutsche Bank AG, Germany's biggest bank. Almost $60 billion of the total due is owed by conduits, firms set up by banks and ...
2007-09-10 11:04:00 -
Housing bust, credit crunch hurt jobs
Miami Herald - Many borrowers couldn't afford to get out of their loans, refinance or even sell their homes. Q: Was this the beginning of the credit crunch? A: Yes. As foreclosures and late payments in the subprime market soared, lenders were forced out of business ...
2007-09-10 11:25:00 -
The Rise And Fall Of Subprime Paper
Forbes - As these loans became more common, fewer borrowers questioned the terms and were instead enticed by the prospect of being able to refinance in a few years--at a huge profit, the argument stated--enabling them to make any necessary catch-up payments ...
2007-09-10 11:40:00 -
News Blog: Posts by Marguerite Reardon
CNET News - MetroPCS also said it would refinance $2 billion of Leap's debt as part of the deal. "We believe that the combination of MetroPCS and Leap is extremely compelling and will create significant value for the stakeholders of both companies," Roger ...
2007-09-10 11:47:00 -
Governments help borrowers, but not without controversy
Philadelphia Inquirer - Some states and counties are using bond sales or fees collected from late payment of property taxes to help homeowners refinance into traditional fixed-rate loans, while the federal government is considering giving money to agencies that counsel ...
2007-09-10 11:47:00 -
Sen. Schumer introduces foreclosure legislation
MSNBC - The New York Democrat introduced legislation to temporarily allow Fannie Mae and Freddie Mac to spend about $145 billion or 10 percent more than current investment caps permit to fund new mortgages and refinance existing ones. Allowing the mortgage ...
2007-09-10 12:08:00 -
Thornburg May Buy Up to $4 Billion of Discounted Mortgage Bonds
Bloomberg - Unable to refinance about $8 billion of commercial-paper borrowings and facing demands from financial backers for more collateral, Thornburg had to sell AAA-rated securities for about 95 cents on the dollar, an $863 million loss. Timing ...
2007-09-10 12:15:00
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