Mortgage and Financial News From 2008-3-9 Page 14

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  • HDFC says no, UCO says yes to home loan interest rate cut

    Indian Express - When asked if she saw any scope for reduction in interest rates, Karnad said: “I cannot say on this with certainty... but it is for sure that interest rate will not go up further.” Last month, HDFC lowered its prime lending rate by 0.25 per cent ...
    2008-03-07 12:44:00

  • Australia 'on verge of recession'

    News.com.au - ... world economy, the tightening grip of the credit crisis, and the effects of the Reserve Bank's succession of interest rate hikes. ... in ABC Learning 3. Week of fear costs $114bn 4. Groves sells entire stake in ABC 5. Billions lent in Australian sub-prime ...
    2008-03-09 09:24:00

  • Sonia takes a dig at BJP

    Daily Pioneer - Beginning from high suicide rate of peasants in the last five years to the UPA ... Without naming senior BJP leader and former Deputy Prime Minister LK Advani for ... packages for 31 districts in 2006 when farmers were in distress and lowered interest ...
    2008-03-09 10:50:00

  • US tips towards a slump

    News.com.au - ... fraud or insider trading connected to loans made to borrowers with sub-prime ... The weaker-than-expected data will boost the odds of another cut in US interest rates ... Fred Dickson, at DA Davidson & Co said the rate cuts had failed to spur economic ...
    2008-03-09 06:53:00

  • Job losses: Worst in 5 years

    CNN Money - They've already cut allot; if jobs continue to decline in face of further interest rate cuts, it's prime facia evidence cuts aren't effective.
    2008-03-07 11:46:00

  • Pressure on Rudd to spell out plans

    News.com.au - The Opposition rounded on the Prime Minister after he said on Saturday he would not leave seniors and ... inflation legacy from day one, to take pressure off inflation, off the Reserve Bank and off interest rates. "In the reasons for its rate rise ...
    2008-03-09 07:58:00

  • General Reader Forums

    Manhattan Mercury - I was denied credit to refinance my home (55% loan to value) with a credit score of 773. Never missed a payment in all the reported periods. The denying company stated it was due to the reasons added by the reporting company accompanying the credit ...
    2008-03-09 07:08:00

  • UPDATE 1-AbitibiBowater sets refinancing plan

    Reuters - If the Abitibi-Consolidated unit is unable to refinance or restructure its second-quarter debt maturities targeted by the refinancing plan on or before their maturities, the unit would be in default and may be compelled to seek bankruptcy protection ...
    2008-03-07 09:45:00

  • RLPC-Russia's Wimm-Bill-Dann syndicates debut $250 mln loan

    Reuters - The deal, which will be used to refinance a long-term Eurobond that matures in May, as well as for general corporate purposes, pays a margin of 175 basis points over LIBOR.
    2008-03-07 08:05:00

  • Mortgage Marketing

    Colleyville Courier - Get 4 refinance mortgage offers from Magazine brokers. http://www.ReallyGreatRate.com/ No Slowdown in This BIZ A Lucrative Career Alternative to the "Melting" Real Estate Industry.
    2008-03-09 07:15:00

  • Abitibi rebounds on hopes for financing

    Globe and Mail - Investors yanked AbitibiBowater Inc. shares out of a freefall yesterday, betting the company will find a way to refinance debt that's coming due soon and avert a cash crisis. The company's stock had been dropping since last Thursday, when Abitibi ...
    2008-03-05 03:59:00

  • BAA braces itself for bad news on returns

    The Independent - This will hurt Ferrovial's attempts to refinance the debt it used to buy BAA for £10.3bn in 2006; Harry Bush, CAA group director for economic regulation, is said to see this as a separate issue.
    2008-03-08 03:56:00

  • Lenders say suit can chill business

    Baltimore Sun - Taylor said subprime loans were so much more profitable for lenders and brokers than traditional mortgages that they even pushed them on borrowers who qualified for cheaper, standard loans, including homeowners looking to refinance.
    2008-03-08 10:44:00

  • Foreclosure fairs aim to help families in need

    Vacaville Reporter - Topics will include the realities of the current real estate and financial markets, working with lenders to modify loans, current "affordable" refinance loan options, and understanding the foreclosure process as it moves forward.
    2008-03-09 08:12:00

  • No matter how you word it, people are struggling

    Boston Globe - We've tried to refinance our house but the interest rates are much higher. Our children are struggling to find work," she adds. "We're rethinking a trip to Ireland to celebrate our 25th anniversary.
    2008-03-09 12:31:00

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