Mortgage and Financial News From 2007-10-10 Page 21
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Paying just a little more each month can cut your mortgage term by a year (The Morning Call)
Q: We owe approximately $30,000 on our home, and the percentage rate is 4.5 percent. If we do not pay any extra on the principal, we should have it paid off in the first part of 2014. I was wondering how I would go about paying off the mortgage a couple of years earlier. -- Diane, e-mail
2007-10-10 03:30:56 -
Fed official urges banks to help borrowers
Portland Press Herald - That has made it difficult for many borrowers to refinance and because the interest rate on subprime loans often jumps after two years, it has become harder for many borrowers to keep up with house payments. Rosengren said a better understanding of ...
2007-10-10 06:32:00 -
U.S. mortgage applications increase 2.4% last week
Providence Business News - The group’s seasonally adjusted Refinance Index rose 2.7 percent last week to 2003.2 points, while the Purchase Index rose 2.1 percent to 401.9. Refinancing accounted for 46.2 percent of loan applications last week, up from 46.0 percent the ...
2007-10-10 07:22:00 -
Westpac confident on RAMS deal
News.com.au - Westpac has also agreed to provide the company with $1.5 billion to help refinance $6 billion of commercial paper. Dr Morgan said RAMS founder John Kinghorn had noted the lender would have closed unless Westpac stepped in. ``Measured against that ...
2007-10-09 11:08:00 -
First Philippine Holdings to borrow, sell shares to raise Meralco ...
Forbes - FPHC is also considering using part of proceeds from the share sale to refinance existing debts. It has 4.8 billion pesos worth of debt that will mature in 2009, Ibanez told reporters after the stockholders' meeting. Ibanez meanwhile said FPHC remains ...
2007-10-10 03:47:00 -
Voestalpine confirms plans for hybrid bond issue of at least 500 mln ...
Forbes - VIENNA (Thomson Financial) - Austrian steel producer voestalpine AG confirmed its plans for a hybrid bond issue of at least 500 mln eur to help refinance its takeover of Boehler-Uddeholm AG and to provide the group with the 'financial leeway' needed ...
2007-10-10 04:59:00 -
AES Prices Senior Unsecured Notes Offering
Forbes - The Company intends to use the net proceeds from the sale of the senior notes primarily to refinance a portion of its recourse debt. However, depending on the timing of the sources and uses of parent-level funds, up to $600 million of the net ...
2007-10-10 06:03:00 -
AES boosts notes offering to $2 billion
CNBC - The company plans to use the proceeds to refinance part of its recourse debt, but may use up to $600 million of the proceeds to support its near-term investment requirements. These include the potential purchase of the Brazilian National Development ...
2007-10-10 06:53:00 -
Mortgage applications crawl higher
USA Today - NEW YORK (Reuters) — Demand for loan applications to purchase homes and refinance existing mortgages rose last week, after total loan requests fell the prior two weeks, an industry trade group said Wednesday. The Mortgage Bankers Association said ...
2007-10-10 06:53:00 -
Treasuries Fall as Traders Reduce Bets on Federal Reserve Cut
Bloomberg - The Mortgage Bankers Association reported today that its index of applications to buy a home or refinance a loan increased to 652 last week from 636.7 the prior week. The group's purchase index rose 2.1 percent to 420.2. Non-farm payrolls ...
2007-10-10 07:01:00 -
Fed's Rosengren Sees No `Wholesale' Flight From Risk (Update1)
Bloomberg - Rosengren said commercial and savings banks have an opportunity to help refinance struggling subprime borrowers because many would have qualified for a prime loan. Some banks may also want to compete in the subprime market, he said. ...
2007-10-10 07:22:00 -
UPDATE 2-US mortgage applications up in week, housing limps
Reuters - NEW YORK, Oct 10 (Reuters) - Demand for applications to buy U.S. homes and refinance existing mortgages rose last week, but a housing recovery is being squelched as consumers face more difficulty getting loans approved, analysts say. The Mortgage ...
2007-10-10 07:29:00 -
U.S. mortgage applications climbed last week - MBA
Reuters - NEW YORK, Oct 10 (Reuters) - Demand for applications to purchase U.S. homes and refinance existing mortgages rose last week, after total loan requests fell the prior two weeks, an industry trade group said on Wednesday. The Mortgage Bankers ...
2007-10-10 07:36:00 -
Athens Area School District: Board approves bond refinancing; Action will make over $473K available for capital projects (Evening Times)
ATHENS - The Athens Area School District Board of Education Tuesday voted unanimously to refinance a portion of the district's 2001 bond issue, an action that will make over $473,000 available to the district for capital projects.
2007-10-10 05:27:13 -
Mortgage applications climbed last week: MBA (Reuters via Yahoo! News)
Demand for applications to purchase U.S. homes and refinance existing mortgages rose last week, after total loan requests fell the prior two weeks, an industry trade group said on Wednesday.
2007-10-10 04:04:43