Mortgage and Financial News From 2008-12-19 Page 01
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BayWalk owner proposes deal to surrender deed, walk away - St. Petersburg Times
Story Tools ST. PETERSBURG — Hoping to avoid drawn-out foreclosure proceedings, BayWalk owner Fred Bullard said Friday he is negotiating a deal to simply surrender the deed to the downtown entertainment complex and walk away. Under the proposal, a ...
2008-12-19 09:35:00 -
AbitibiBowater Aims to Refinance Debt in Early 2009 (Update3) - Bloomberg
Dec. 19 (Bloomberg) -- AbitibiBowater Inc. said asset sales may bring in more than anticipated as it moves to refinance a $347 million loan in early January, almost three months before the debt matures. AbitibiBowater, the world’s largest newsprint ...
2008-12-18 05:54:00 -
Landlord loses another house to foreclosure (Corvallis Gazette-Times)
ALBANY — Another Bula Enterprises property has been foreclosed by the bank, and now the tenants might be facing eviction.
2008-12-19 07:51:33 -
FPHC to buy back $5-M notes (Philstar.com via Yahoo! Philippines News)
First Philippine Holdings Corp. (FPHC), the umbrella company for the power and manufacturing businesses of the Lopez family, is buying back $5 million of its remaining $26.1 million floating rate notes due in 2009.
2008-12-19 09:00:00 -
Sometimes It's Best To Just Walk Away (The Tampa Tribune)
Diane Shackle found it gut-wrenching to walk away from a mortgage she took out in times that were better for both her and the U.S. economy.
2008-12-19 11:02:20 -
Low interest rates spur local mortgage refinancing rush (Richmond Times-Dispatch)
Mortgage bankers are slammed, as people seek to lock into 30-year conventional fixed-rate mortgage loans with interest rates at 5 percent or less. In recent years, the interest rate on such fixed-rate loans has hovered at about 6 percent.
2008-12-19 11:03:19 -
Blackwater courses open to public (The Fayetteville Observer)
Q: I was watching a TV show about a company called Blackwater that trains teenagers to drive defensively and also about not drinking and driving. They offered a seminar for teenage kids somewhere in North Carolina. Can you give me more information about this?
2008-12-19 11:12:48 -
California in fiscal emergency, governor eyes layoffs - Yahoo News
Play Video Economy Video: Mortgage Rates Lowest In 50 Years, Could Drop More CBS4 Miami Play Video Economy Video: Good news/bad news local economic outlook KVUE-TV Austin Play Video Economy Video: Waste Timber Recycler Doing Well Amid Recession WCCO ...
2008-12-19 07:40:00 -
Homeowners lock in low mortgage rates - Cincinnati.com
The 35-year-old environmental consultant in Charlotte, N.C., had heard about the Federal Reserve's decision to cut its key interest rate to nearly zero and wanted to refinance to something lower than 5.5 percent. Within hours, he had locked in a rate ...
2008-12-18 04:25:00 -
Unemployment rate rises in five Pee Dee counties (Florence Morning News)
Unemployment rates rose during November in all but two Pee Dee counties as the statewide rate increased to 8.4 percent, a 25-year high, according to the S.C. Employment Security Commission.
2008-12-19 04:30:32 -
Treasurys pull back after this week's big rally (INO News)
(AP:NEW YORK) Treasury yields recovered from record lows Friday after the U.S. government bailed out the automotive industry, giving bond holders reason to cash in their gains before the holidays.
2008-12-19 05:59:33 -
Television - Business (Scoop.co.nz)
Citing imminent danger to the national economy, President Bush ordered an emergency bailout of the US auto industry today, offering US$17.4 billion in rescue loans and demanding tough concessions from the deeply troubled carmakers and their workers.
2008-12-19 06:47:43 -
FOXBusiness.com's Week in Review: Dec. 15-19, 2008 (Fox News)
Business news this week: Madoff scandal's implications grow, oil falls to 2004 levels, and the Fed drops the funds rate to its lowest level ever.
2008-12-19 07:23:08 -
Falling mortgage rates have homeowners wondering about whether to refinance (The Kansas City Star)
With mortgage rates sinking, homeowners around the country are pondering an early holiday present: a refinanced mortgage with lower monthly payments.
2008-12-19 10:26:44 -
Mortgage rates make for buyer’s market - Daily News
Prospective home buyers are beginning to realize that opportunity in the form of falling mortgage rates is knocking on their doors. While the overall economy continues to sputter — though not as much locally as nationally — interest rates have ...
2008-12-19 11:27:00