Mortgage and Financial News From 2007-11-14 Page 21
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Mortgage applications rose 5.5% last week, MBA data show (Market Watch)
LAS VEGAS (MarketWatch) -- Mortgage application filings increased 5.5% last week on a seasonally adjusted basis compared to the prior week, driven by a jump in applications to refinance existing loans, the Mortgage Bankers Association reported on Wednesday.
2007-11-14 04:18:36 -
Adaro Seeks $750 Million in Loans to Refinance Bonds Before IPO (Bloomberg.com)
Nov. 14 (Bloomberg) -- PT Adaro Indonesia may borrow $750 million from banks to repay bonds in December and plans to sell shares in an initial public offering next year even after the recent drop in U.S. equity markets led declines across Asia.
2007-11-13 08:12:48 -
Wachovia Junk-Bond Deal Foundered Over Missing Sales (Update2)
Bloomberg - ... in New York, who represents the firms suing Wachovia. ``There is too much information ... Wachovia's mortgage-related losses and reserves for bad loans total $1.7 billion ... Their suit prompted Le-Nature's to refinance its $275 million credit line from ...
2007-11-14 09:37:00 -
U.S. mortgage applications at highest level this year
Providence Business News - ... nationwide rose last week to their highest level this year, led by a surge in homeowners seeking to refinance, the Mortgage Bankers ... include mortgage firms, commercial banks, thrifts, life insurance companies and others. Additional information ...
2007-11-14 07:49:00 -
Wachovia Junk-Bond Deal Foundered Over Missing Sales (Update2) (Bloomberg.com)
Nov. 14 (Bloomberg) -- Steven Panagos, the court-appointed custodian of Le-Nature's Inc., searched in vain last November for proof that the water-bottling company had $275 million in annual sales.
2007-11-14 09:55:07 -
U.S. mortgage applications at highest level this year (Providence Business News)
WASHINGTON – Mortgage applications nationwide rose last week to their highest level this year, led by a surge in homeowners seeking to refinance, the Mortgage Bankers Association reported today.
2007-11-14 08:03:59 -
Bank of England signals that interest rates will need to fall
International Herald Tribune - LONDON : The Bank of England signaled that interest rates will need to fall in the coming months as it downgraded growth ... underlined the uncertainty around the economy following the recent financial turmoil, which triggered the crisis at mortgage ...
2007-11-14 05:19:00 -
Economic slump is not expected to last
Idaho Statesman - We've overbuilt since 2002, when low mortgage rates allowed us to put first-time homebuyers in houses, and then home prices went up and investors moved in. But now home prices are too high for first-time homebuyers, and investors are moving out." ...
2007-11-14 08:11:00 -
Only 40% eligible for mortgage - bank
Irish Times - Recent higher interest rates mean that only the top 40 per cent of households ranked by income would be eligible for a mortgage, according to a Central Bank report released today. The report shows that last year the equivalent percentage would have ...
2007-11-14 04:58:00 -
Bank signals rates to drop next year
This is Money - A downbeat assessment of economic growth from the Bank of England will allow mortgage bills finally to start falling. A big downturn would enable the base rate to be cut to 5%, bringing much needed relief to millions of borrowers who have seen rates ...
2007-11-14 08:11:00 -
Labor is more economically conservative than Howard
The Australian - And now, with this latest irresponsible and desperate pre-election splurge, Mr Howard is putting his own interests ahead of working families by risking further increases in their mortgage rates. I have no intention today of repeating Mr Howard's ...
2007-11-14 05:41:00 -
Home Foreclosure Rates Spiking
CBS News - (AP) Homeowners across the U.S. are increasingly having trouble making their mortgage payments on time, but borrowers in metro areas of California, Florida and other once-booming housing markets are accounting for the biggest spikes in foreclosure ...
2007-11-14 07:35:00 -
'Reckless spending must stop'
News.com.au - Mr Howard is putting his own interests ahead of working families by risking further increases in their mortgage rates," he said. "Remarkably, as interest rates rose yet again last week, we now find Mr Howard running up the white flag on inflation and ...
2007-11-14 06:45:00 -
US: Metro areas in California, Florida among those with highest ...
MSN UK News - Homeowners across the U.S. are increasingly having trouble making their mortgage payments on time, but borrowers in metro ... cities in California and five each in Florida and Ohio were among the top 25 metro areas with the highest foreclosure rates ...
2007-11-14 01:59:00 -
Canadians homeowners feeling the pinch
National Post - The credit crisis in financial markets is now starting to hit Canadian homeowners right where they live with higher mortgage rates. In the past four weeks, all of the major banks have quietly moved to cut the discount they provide on mortgages ...
2007-11-14 06:24:00