Mortgage and Financial News From 2007-11-25 Page 2
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Sub-prime mess set to get worse (The Australian)
RISING rates will increase pressure to protect borrowers who can't afford their homes.
2007-11-25 05:00:00 -
Commercialbank offers online savings account (Gulf Times)
Business Reporter COMMERCIALBANK has launched eSavings, Qatar’s first Internet-based savings account which offers an annual interest rate of 5.99%. The “high interest” product is available to non-Commercialbank customers as well with no lock-up period and interest paid on a monthly basis.
2007-11-25 03:34:50 -
Ayala Corp. ups peso bonds issue
ABS-CBN - The bonds carry a maturity of 5 years while the issue price is at par or 100 percent of face value. Earlier, the company said it was planning a bonds issue of as much as P7 billion, proceeds of which w ill be used to partly refinance prepayments of ...
2007-11-25 06:28:00 -
Exports behind target
DAWN Group - Pakistan’s export history is replete with subsidies, such as bonus voucher scheme, refinance scheme, cash compensatory rebates, freight subsidy and research and development support. In addition to these subsidies, both covert and overt duty ...
2007-11-25 07:32:00 -
Minorities hit hardest by U.S. housing crisis
Boston Globe - In 2005, Clavon worked with a mortgage broker to refinance his home with another fixed-rate loan. But on the night before signing, the family was offered an interest-only, adjustable-rate mortgage. Clavon, a 35-year-old executive assistant at a ...
2007-11-25 03:50:00 -
Home or the Holidays?
Wall Street Journal - In addition to the common second mortgage, or home-equity loan, a popular method was to refinance with a larger mortgage reflecting a home's greater market value. Borrowers then paid off their original, smaller mortgage and pocketed the remaining ...
2007-11-25 08:51:00 -
Time-frame for Rock takeover due
BBC Business - This has been arranged by the consortium, which includes insurance firm AIG, to refinance part of the Bank of England loan and avoid it being viewed as illegal state aid. If a deal is successful, the government will continue to guarantee Northern ...
2007-11-25 09:20:00 -
Australia's RAMS Home Loans shareholders approve Westpac rescue ...
Forbes - Westpac is also funding up to 500 million dollars of loan settlements and providing 1.5 billion dollars as a cornerstone investor in a syndicate to refinance one or both of RAMS's extendible commercial paper (XCP) loans, totaling 5.5 billion dollars ...
2007-11-25 09:41:00 -
Australia's RAMS says has further credit approvals (Reuters Finance News, Australia via Yahoo!7 Finance)
SYDNEY, Nov 26 (Reuters) - Australian mortgage lender RAMS Home Loans Group Ltd RHG.AX said on Monday it has received further credit approvals as it tries to refinance its debt following the U.S. subprime mortgage crisis.
2007-11-25 08:47:08 -
Australia's RAMS says has further credit approvals (Reuters via Yahoo! Singapore News)
SYDNEY, Nov 26 - Australian mortgage lender RAMS Home Loans Group Ltd said on Monday it has received further credit approvals as it tries to refinance its debt following the U.S. subprime mortgage crisis.
2007-11-25 08:46:20 -
Pros and cons of renting versus buying
Lodi News-Sentinel - Rent traditionally increases each year, whereas a mortgage is a fixed or variable rate (unless you refinance). After considering the tax benefits ... Consult your realtor for information on your region’s housing market. Then research your local ...
2007-11-24 12:28:00 -
The Event Horizon For Credit
Safe Haven - Closer examination of this chart though yields some very important information ... has been the preferred choice of the consumer especially the use of refinance on ... Europe Suspends Mortgage Bond Trading Between Banks Nov. 21 (Bloomberg) -- European ...
2007-11-24 03:59:00 -
The Bizz: Nov. 26
San Bernardino County Sun - ... Capital Corporation has arranged $6.2 million in fixed-rate debt for the refinance ... for this 58,000-square-foot property was provided through a commercial mortgage ... Information: www.marcusmillichap.com, www.bestbuy.com Credit management ...
2007-11-24 03:59:00 -
More News (Daily Bulletin)
M&M helps Best Buy refi SAN BERNARDINO - Marcus & Millichap Capital Corporation has arranged $6.2 million in fixed-rate debt for the refinance of a Best Buy store located in San Bernardino.
2007-11-25 08:34:54 -
Credit Freeze Deepens
ABN Newswire - Activity is down, loan origination is sliding, mortgage rates are rising, lenders are tightening their standards, and building and property servicing companies are feeling the pinch. Back in August the ECB kicked off similar decisions by the US ...
2007-11-25 02:39:00