Mortgage and Financial News From 2007-8-30 Page 19

RSS Feed

Previous Day: 2007-08-29

Return to the mortgage news archive home.

  • Altria, Philip Morris Int'l may separate buybacks

    Reuters UK - During a conference call, Camilleri also said Altria would tender for $4 billion in Altria debt before the spinoff and refinance that debt. Camilleri said the timing and magnitude of the repurchase programs would be announced at an "appropriate time ...
    2007-08-29 09:38:00
  • Wall Street rallies after pledge from Bernanke

    Financial Times - ... considering whether the private and public sectors could help ease the stress in subprime markets "by developing a broader range of mortgage products which are appropriate for low- and moderate-income borrowers, including those seeking to refinance".
    2007-08-30 02:03:00
  • Goldman Sachs off Liverpool debt deal -sources

    Reuters - LONDON, Aug 29 (Reuters) - U.S. investment bank Goldman Sachs (GS.N: Quote , Profile , Research ) is no longer working for Liverpool F.C. to refinance the debt used to buy the soccer club earlier this year, people familiar with the situation said on ...
    2007-08-29 10:50:00
  • How Lower Home Prices Hurt Everything

    BusinessWeek - Also, borrowers who had intended to refinance into more affordable mortgages can't do so when they have little or no equity. According to RealtyTrac , foreclosures in July rose 9% from June and 93% from July, 2006. Falling prices also cause buyers to ...
    2007-08-30 04:26:00
  • Sharp Rise in Number of Companies With Distressed Debt

    New York Sun - It has $167 million in bonds that are maturing next year, and has publicly said it plans to refinance the debt in the coming months. "They said they plan on refinancing, but they haven't gone into a lot of detail on how they plan to do this," an ...
    2007-08-30 04:34:00
  • Bernanke Opposes Lift Of Fannie, Freddie Caps

    Washington Post - ... threatened with foreclosure. The government-sponsored mortgage funding companies have said they could help ease the crunch in the mortgage markets if they were allowed to buy more mortgages and mortgage-backed securities and help borrowers refinance ...
    2007-08-30 04:26:00
  • Rio Tinto To Refinance Part Of US$40 Billion Debt With Bond Issue

    Beurs.nl - MELBOURNE -(Dow Jones)- Rio Tinto Ltd. (RTP) said Thursday it plans to refinance part of its US$40 billion debt through a bond issue. The miner has completed the subunderwriting of the debt, which has been raised to fund its US$38.1 billion takeover ...
    2007-08-30 05:02:00
  • 30 Aug, 2007, 0250 hrs IST, TNN (The Economic Times)

    NEW DELHI: The ministry of finance has shot down the RBI proposal to refinance the offshore subsidiary of IIFCL to fund infrastructure projects as it would increase the costs of borrowing. The ministry has asked RBI to subscribe to bonds issued by the company.
    2007-08-29 10:47:17
  • Corporate Bond Risk Rises on Concern Over Forced Asset Sales (Bloomberg.com)

    Aug. 29 (Bloomberg) -- The risk of owning European corporate bonds rose on concern credit funds may be forced to liquidate assets because they can't refinance debt, according to traders of credit-default swaps.
    2007-08-29 08:40:34
  • New mortgage products could help, Bernanke says (Market Watch)

    WASHINGTON (MarketWatch) -- The private sector and Congress should create new, affordable mortgage products that would help some homeowners refinance their mortgages and keep their homes, Federal Reserve Chairman Ben Bernanke suggested in a letter released Wednesday.
    2007-08-29 09:04:50
  • Schumer Urges Countrywide to Help Refinance Loans (Update2) (Bloomberg.com)

    Aug. 29 (Bloomberg) -- U.S. Senator Charles Schumer asked Countrywide Financial Corp. to waive prepayment penalties, refinance loans and eliminate ``above-market fees'' to help homeowners struggling to make payments on subprime mortgages.
    2007-08-29 08:25:34
  • Schumer Urges Countrywide to Help Refinance Loans (Update4) (Bloomberg.com)

    Aug. 29 (Bloomberg) -- U.S. Senator Charles Schumer called on Countrywide Financial Corp. to waive prepayment penalties, refinance loans and eliminate ``above-market fees'' to help homeowners struggling to make payments on subprime mortgages.
    2007-08-29 10:55:40
  • Editorial:A gradual return to economic recovery

    Nation - Thailand - For now it appears that the BOT would like to keep its interest-rate policy neutral and watch how the US sub-prime problems develop. The referendum on the charter has already passed, much to the relief of financial markets, which have already ...
    2007-08-29 04:38:00
  • Pakistan successfully handles sub-prime crisis, ECC satisfied

    Daily Times - Pakistan successfully handles sub-prime crisis, ECC satisfied * Foreign reserves cross $16bn, exchange rate stable * FDI up by 14.1%, exports rise 10.7 ... Indonesia’s central bank expects to keep its key interest rate steady near term, amid ...
    2007-08-29 09:53:00
  • Hong Kong shares sharply higher on Wall St rebound; property stocks ...

    Forbes - ... trade following a strong rebound on Wall Street overnight as investors grew more optimistic about chances for an interest rate ... The stocks are expected to be prime buying targets of mainland retail investors because of large price difference with ...
    2007-08-30 03:22:00