Mortgage and Financial News From 2008-3-18 Page 13
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Asia Round Up - BoJ Chief Deadlock Persists; PBoC Hikes Reserve Ratio (Nasdaq)
(RTTNews) - With very thin data flow, Tuesday's news was dominated by central banks with regard to politics as well as economics.
2008-03-18 05:53:54 -
Public's anxiety worsens despite Fed's actions
San Jose Mercury News - The Federal Reserve's actions could augur much broader government action to stabilize the mortgage market. Calls are growing in Congress for government-funded efforts to help borrowers refinance out of troubled loans.
2008-03-18 01:35:00 -
Fannie, Freddie may get some slack
CNN Money - Under a deal that could be announced as soon as this week, the freed-up money would be put into buying mortgages of struggling borrowers so they could refinance into more affordable loans, these people said.
2008-03-16 05:58:00 -
Democratic candidates critique Bush for problems with economy
Contra Costa Times - Chris Dodd, D-Conn., to create incentives for lenders to buy or refinance existing mortgages to help those facing foreclosure keep their homes.
2008-03-18 02:54:00 -
Ainsworth Lumber fails in its attempt to refinance US$823.5 million ...
Edmonton Sun - VANCOUVER - Ainsworth Lumber Co. Ltd. (TSX: ANS ), a Vancouver based wood and building products producer, says it has failed in its bid to refinance US$823.5 million worth of corporate debt by exchanging a series of older unsecured bonds with new ...
2008-03-16 08:18:00 -
SigniaDocs Chooses Wave Systems to Add Trusted Electronic Signature ...
PR Inside - Many consumer advocacy groups and the investment/servicing community are increasingly demanding solutions that improve the loan modification and refinance process.
2008-03-18 12:59:00 -
IN BRIEF
Las Vegas Review Journal - Servicing businesses, which collect fees from the owners of mortgages, can gain value during housing slumps because borrowers are less likely to move or refinance.
2008-03-18 01:49:00 -
Fed not done cutting rates yet
Columbus Dispatch - Experts say this may be a good time to refinance to a fixed rate. HOME-EQUITY LOANS : Adjustable rates tend to be tied to the prime rate, so interest on your loan likely will fall, too.
2008-03-18 03:08:00 -
Kentucky Not Alone With Its Budget Problems Save Email Print
WKYT 27 - Under the House-approved plan, Kentucky would also refinance General Fund debt, and other services would be taxed under the proposal. Public-school teachers, however, would see a pay increase of 4 percent over the next two years under the proposal.
2008-03-18 02:32:00 -
Bear Stearns questions answered
Allentown Morning Call - Calls are growing in Congress for government-funded efforts to help borrowers refinance out of troubled loans. Q: Didn't the Bear Stearns CEO say his company was fine on Wednesday?
2008-03-18 02:39:00 -
Second-mortgage issues join resetting rates for 1-2 punch
Chicago Tribune - That's what the Bush administration says, seconded by executives of major banks, mortgage firms and Wall Street investors. But at the point where homeowners seek to refinance out of unfavorable loans or modify mortgage terms things may look different ...
2008-03-16 10:48:00 -
Feds attempt mortgage deal
Hampton Roads Daily Press - Under a deal that could be announced this week, the freed-up money would be put into buying mortgages of struggling borrowers so they could refinance into more affordable loans.
2008-03-18 02:03:00 -
ERIC ROSENGREN: Subprime mortgages: The time to act is now
Patriot Ledger - A number of borrowers with subprime mortgages may be able to refinance into a more affordable loan, because they had good credit histories and some home equity when they got their loan.
2008-03-18 03:15:00 -
Slug and Lettuce group to be handed to administrators
Accountancy Age - Plans to refinance last year were hampered by the debt market crises, as bankers Kaupthing and Dresdner Kleinwort would not refinance the £164m debt unless the group shed the outlets which were running at a loss.
2008-03-18 03:08:00 -
Wolseley profits slump in tough housing market
Times Online - While the company has ample headroom from earnings to pay interest on its borrowings, the company admitted it is close to its covenants on about £270 million of loans, 10 per cent of its borrowings. “We can repay or refinance those,” Mr Webster ...
2008-03-18 02:25:00