Mortgage and Financial News From 2007-12-5 Page 9

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  • Rate rise likely for 2008 (The Maitland Mercury)

    An official interest rate rise early next year could be a blessing for home buyers. Wizard Home Loans Maitland branch principal John Whetham predicts another rise - the 11th since 2002 - will create a buyers' market as mortgagees escape rising repayments.
    2007-12-05 02:10:57
  • UPDATE: EU's Almunia: Doubts Rate Cuts Can Solve Financial Crisis (Nasdaq)

    BRUSSELS -(Dow Jones)- Interest rate cuts are unlikely to be the key to solving the financial crisis currently shaking the global economy, European Commissioner for Economic and Monetary Affairs Joaquin Almunia said Wednesday.
    2007-12-05 07:30:08
  • BOE Faces `Cliffhanger' Rate Decision as House Prices Drop (Bloomberg.com)

    Dec. 6 (Bloomberg) -- Bank of England policy makers face a ``cliffhanger'' interest-rate decision today as they juggle the threat of faster inflation with signs the housing market is heading for recession, a survey of economists shows.
    2007-12-05 05:01:47
  • UPDATE 2-US home loan demand surges to over two-year high

    Reuters - The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications , which includes both purchase and refinance loans, for the week ended Nov. 30 surged 22.5 percent to 791.8, its highest since July 2005. ...
    2007-12-05 08:29:00
  • Refinance A Second Mortgage - The Right Choice To Save Money Every ...

    Best Syndication - There are many homeowners in America that have a second mortgage. If you’re one of these homeowners, you may have wondered about refinancing your it. Can you refinance it, and if you can, should you? As with many financial questions, the answer to ...
    2007-12-05 12:47:00
  • Bush to Unveil Aid to Homeowners

    Wall Street Journal - ... for his part, is focused on staving off foreclosures for people who are making mortgage payments on time, but who will be overwhelmed when the introductory rates on their mortgages rise, and who don't have the cash or home equity needed to refinance.
    2007-12-05 04:07:00
  • Video: New Poll Finds Americans Skeptical Over Proposals to Rescue ...

    Forbes - Thirty-four percent believed "a taxpayer- backed refinance program is necessary to avoid an increase in foreclosures that could reduce home values across the country." -- Sixty percent of respondents said taxpayers would be most ...
    2007-12-05 11:28:00
  • Washington falling short on subprime response

    Guardian Unlimited - In his strongest-yet move to curb foreclosures, President George W. Bush ordered the Department of Housing and Urban Development to loosen its standards on a program that can refinance troubled borrowers in a move that could help 240,000 homeowners ...
    2007-12-05 12:25:00
  • TheStreet.com TV Recap: Europeans Time Dollar Bottom

    Street.Com - It's obviously very hard to dislodge subprime as the theme, but what I urge people to do is realize that if the Federal Reserve were to cut the discount rate dramatically to make it so that the banks would refinance and would make it so that the banks ...
    2007-12-05 12:47:00
  • Paulson to unveil mortgage plan to Congress

    Financial Times - ... which merely delays the point at which a borrower cannot afford their mortgage is insufficient...The modifications negotiated must leave sufficient time for borrowers to build equity, solidify their financial position, and if necessary, refinance ...
    2007-12-05 01:58:00
  • Ventas Grants Stock Awards to Promote Long-Term Retention and Reward ...

    Forbes - ... patients; (i) the results of litigation affecting the Company; (j) changes in general economic conditions and/or economic conditions in the markets in which the Company may, from time to time, compete; (k) the Company's ability to pay down, refinance ...
    2007-12-05 01:08:00
  • CVC tests waters for €11bn buy-out fund

    Financial Times - The credit squeeze has meant private equity firms are no longer able to raise abundant amounts of cheap debt to refinance their acquisitions as early as one year after completing them. They may also need to hold on to companies for longer. “It seems ...
    2007-12-05 02:27:00
  • Wall Street faces legal probe on sub-prime crisis

    The Independent - With millions of homeowners finding that they cannot refinance their mortgages before the expiry of low introductory interest rates, politicians fear a wave of foreclosures that could damage the wider US economy. So far, most of the fury has been ...
    2007-12-05 03:38:00
  • Hamish McRae: The UK is caught in a vicious squeeze and hoping the BoE ...

    The Independent - Adding fuel to the flames was a comment by the FSA that up to 1.5 million borrowers would find it "difficult, if not impossible" to refinance their fixed-rate mortgages on reasonable terms when they fell due in the coming months. That must rank as ...
    2007-12-05 03:38:00
  • Distressed debt players eye prospects in LBO debt

    Reuters - More than 85 percent of distressed debt investors and other leveraged debt players polled said they are concerned about how companies will refinance massive debt taken on for their LBOs, a survey commissioned by law firm Bracewell & Giuliani found ...
    2007-12-05 02:20:00