Mortgage and Financial News From 2009-2-26 Page 01

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  • Australian sharemarket rises despite losses by retail chains - The Australian

    SHARES recovered from losses to be slightly higher today as banks and miners countered falls in Woolworths and Harvey Norman. The S&P/ASX 200 was up 1.7 points, or 0.1 per cent, at 3346.2 in early afternoon deals, while the broader All Ordinaries was ...
    2009-02-26 10:58:00
  • Oz Minerals warns of more cutbacks despite takeover talk - Australian Broadcasting Corp.

    Mining company Oz Minerals has warned further cuts to its operations are possible, even if a proposed Chinese takeover goes through. The company has been given an extra month to refinance its debts in order to close a deal with the Chinese state ...
    2009-02-26 11:26:00
  • Breather for takeover target OZ Minerals - West Online

    Takeover target OZ Minerals Ltd has been granted a four-week extension to refinance its debt and says it is close to finalising two asset sales to foreign entities, after reporting a hefty full year loss. The calendar 2008 net loss of $2.5 billion ...
    2009-02-26 08:42:00
  • Obama’s ‘cramdown’ not mortgage lenders favorite word - Philadelphia Business Journal

    Local mortgage lenders are concerned about a provision in the Obama administration’s $275 billion Homeowner Affordability and Stability Plan that will give judges the power to change or “cramdown” the terms of a mortgage loan. A cramdown ...
    2009-02-26 10:29:00
  • German earnings give market a timely boost - Irish Times

    German earnings give market a timely boostIrish Times, IrelandThis comes as it aims to refinance loans of €12.5 billion. Shares in the carmaker closed at €32.14, up 10.7 per cent. Basf, the largest chemicals maker, rose 7.3 per cent to €22.62 after it said it would cut about 1500 jobs and close more plants. ...
    2009-02-26 08:47:53
  • Karen Short - FBR Capital Markets - Seeking Alpha

    Karen Short - FBR Capital MarketsSeeking Alpha, NYBecause of the strength of our balance sheet, we were set to refinance at a time in which interest rates were very high. We were getting estimates from the street that we would have to pay 9% to replace that debt. Well, because of the strength of our ...
    2009-02-26 08:49:43
  • Don't Risk Overpaying for Your Mortgage- Know Thy Lender - 마인드스포츠올림피아드

    Don't Risk Overpaying for Your Mortgage- Know Thy Lender마인드스포츠올림피아드, South Korea... the length of time the interest rate is locked for, the type of loan program, impounds that are included, the level of mortgage insurance used whether the loan is for a purchase or refinance, and your income to debt ratio among other things. ...
    2009-02-26 09:07:47
  • Give incentives to house buyers: Shareda - Daily Express

    Give incentives to house buyers: SharedaDaily Express, MalaysiaFor families who are in the prospect of losing their houses to foreclosure due to insufficient fund to meet the monthly loan repayment, she said Shareda appeal to the government to introduce a special plan to restructure and refinance the existing ...
    2009-02-26 09:15:49
  • Nalco Chief Technology Officer Dr. Manian Ramesh Outlines Ways for ... - MSNBC

    Nalco Chief Technology Officer Dr. Manian Ramesh Outlines Ways for ...MSNBC... depending on many factors, including, without limitation: ability to generate cash, ability to raise capital, ability to refinance, the result of the pursuit of strategic alternatives, ability to execute work process redesign and reduce costs, ...
    2009-02-26 10:00:17
  • Fortress Notes - half-year ended 31 December 2008 - Sydney Morning Herald

    Fortress Notes - half-year ended 31 December 2008Sydney Morning Herald, AustraliaAs a result of the refinance that occurred in April 2008, the investment objectives of the Trust are now focused on protecting capital in order to maximise the amount of principal that can be repaid to noteholders at maturity. ...
    2009-02-26 10:53:12
  • President's initiative requires safeguards, too - The Patriot-News - PennLive.com

    President's initiative requires safeguards, tooThe Patriot-News - PennLive.com, PAThe details will not be final until March 4, the day the plan begins taking effect, but an estimated 9 million homeowners could get help as they face foreclosures or need to refinance their mortgages. This will be welcome news to families who are ...
    2009-02-26 11:01:50
  • Pan African looks to near-production projects - Business Day

    Pan African looks to near-production projectsBusiness Day, South AfricaMetorex said in December it had to refinance and raise fresh capital because of cost overruns at its Ruashi project in the Democratic Republic of Congo. Revenue of £24,9m was 71% higher than a year before. Operating profit more than doubled on far ...
    2009-02-26 11:07:45
  • Contrans and Mullen increase revenue despite troubled economy - Today's Trucking News

    Contrans and Mullen increase revenue despite troubled economyToday's Trucking News"Contrans is in the enviable position of not needing to refinance at a time when financing sources are scarce and debt service costs have become more expensive.” The positive results for Contrans in 2008 were hampered slightly by a loss in the fourth ...
    2009-02-26 11:12:52
  • Can Obama be both CEO, cheerleader? - USA Today

    Can Obama be both CEO, cheerleader?USA Today"We are dealing with the painful loss of jobs by enacting a $789 billion stimulus package to create 3-5 million jobs. We are dealing with foreclosures and the decline in housing values by enabling families to refinance and stay in their homes. ...
    2009-02-26 11:24:42
  • Thai PTT Aromatics sees return to profit in 2009 - Reuters UK

    Thai PTT Aromatics sees return to profit in 2009Reuters UK, UKPTTAR, which reported a net loss in 2008 after a sharp drop in crude oil prices led to huge inventory losses, planned to refinance its short-term debt of 6 billion baht ($167 million) this year, Chainoi Puankosoom told reporters. ...
    2009-02-26 11:27:18