Mortgage and Financial News From 2008-2-15 Page 30

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  • Centro gets a breather on $3.9bn debt

    News.com.au - The share price of both groups collapsed in December after Centro announced that it had been unable to refinance $3.9billion in debt beyond February 15. A syndicate of about a dozen banks, including local banks the CBA, ANZ, NAB and St George, have ...
    2008-02-15 08:58:00
  • Borrowers seeking bankruptcy reach record high

    Times Online - Last year was a quiet year as most companies were able to refinance using cheap money. "But after the credit crunch, things changed. Banks moved from sales mode to control mode, and a lot of companies have been unable to refinance in recent months. ...
    2008-02-15 09:48:00
  • A bitter pill for Primary Health Care

    News.com.au - It has said the funds will be used to finance or refinance obligations arising from the acquisition of Symbion, including the repayment of money Primary owes in bridging loans. At the same time failed suitor Healthscope, which retains a 12 per cent ...
    2008-02-15 09:55:00
  • 3 Key Ways to Buy Foreclosed Properties

    US News and World Report - Homeowners unable to refinance—but still with plenty of equity—can simply put their houses on the market, while those underwater can plead with their banks to let them "short-sell" for less than they owe on the mortgage. Those who can't sell ...
    2008-02-15 08:44:00
  • Subprime Debacle Lessons

    Forbes - The market seized up, creditworthiness came into question and defaults due to an inability to refinance soared. When insurance and banking regulators moved in, they made matters worse by dumping huge bond holdings before a new market mechanism had ...
    2008-02-15 08:51:00
  • Windfalls would aid infrastructure, Dion says

    Globe and Mail - bruce reid from Chippawa, Canada writes: I don't know who the writer Stephen Chase is, but I assumed that this story was a report, and not an opinion piece. I quote: 'A multibillion infrastructure program this year of the kind that Mr. Dion is ...
    2008-02-15 11:36:00
  • UPDATE 1-Russia's Novolipetsk Steel faces antitrust fines

    Reuters - Novolipetsk, or NLMK, paid $600 million for the controlling stake in Maxi Group, which produces 2.4 million tonnes per year, but has said it could not refinance its debt of $1.8 billion due to the global liquidity crisis. It said in on Friday that it ...
    2008-02-15 09:41:00
  • Economic stimulus package could give some home buyers a break

    San Francisco Gate - What if it gave every homeowner with a high interest jumbo loan the opportunity to refinance at a lower rate? What if these offers, like a blue-light sale at Kmart, were available only to those who act fast and buy now? The new economic stimulus ...
    2008-02-15 11:00:00
  • Hospitals hit hard by bond markets

    Minneapolis Star Tribune - But in the next 30 to 90 days, if Fairview can't refinance its $450 million in debt, the chain of hospitals and clinics could see a jump in its interest rates that would cost it an extra $3.5 million a month. "It's not something I'm panicking about ...
    2008-02-15 11:43:00
  • Larger Mortgages to Be Barred From Main Bond Market (Update2)

    Bloomberg - The prices of other agency mortgage bonds would be depressed because the odds that borrowers will refinance larger loans are higher when rates fall, and traders price TBA purchases based on the worst bonds they may end up owning, said Mark Hanson ...
    2008-02-15 11:36:00
  • Reckoning for a real estate mogul

    CNN Money - Once the subprime crisis unfolded, Macklowe couldn't refinance. Now he is handing the keys to those buildings back to Deutsche Bank and other lenders to which the bank has sold some of the debt. He is also trying to sell his precious General Motors ...
    2008-02-15 11:43:00
  • Real Estate and Development LV-area ZIP codes flush with ... - In Business Las Vegas

    Real Estate and Development LV-area ZIP codes flush with ...In Business Las Vegas, NV - 3 hours agoWhen prices fell, many homeowners could not refinance their loans. The 89031 ZIP code in North Las Vegas had the highest number of filings - 741 - in ...
    2008-02-15 08:42:03
  • EIAC files Vanship tanker sale draft prospectus - Lloyd's List

    EIAC files Vanship tanker sale draft prospectusLloyd's List, UK - 3 hours ago... Fortis Bank and NIBC Bank that will be used to refinance outstanding secured debt on the single-ship companies, assuming the deal goes-ahead. ...
    2008-02-15 08:49:15
  • Countrywide foreclosures at record, refinancing up - Guardian Unlimited

    Countrywide foreclosures at record, refinancing upGuardian Unlimited, UK - 3 hours agoThis suggests homeowners are taking advantage of lower interest rates to refinance. Countrywide said the foreclosure rate on the 9.02 million mortgages on ...
    2008-02-15 08:50:13
  • News Summary for February 14, 2008 - PBS

    News Summary for February 14, 2008PBS - 2 hours agoThey called for another $4 billion in community grants; better disclosure of the terms in subprime mortgages; and changes to make it easier to refinance ...
    2008-02-15 09:04:03