Mortgage and Financial News From 2009-3-3 Page 21
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Think beyond the short term - C21Media
Think beyond the short termC21Media, UKThe situation with the banks, of which we are all aware, means many companies have to service debt levels sooner rather than later, and are unable to refinance and trade their way out of the situation. Many are being forced to look at a strategy of ...
2009-03-03 02:26:18 -
Luxury Jeweler and Diamond Miner Harry Winston Gets Downgrade - Israel Diamond Portal
Luxury Jeweler and Diamond Miner Harry Winston Gets DowngradeIsrael Diamond Portal, IsraelEven in RBC Capital Markets’ upside scenarios, assuming price declines of ‘only’ 30% in calendar 2009, it is likely the company will become cash negative unless it can refinance its expected $75 million of debt due in 2009 and secure incremental ...
2009-03-03 02:50:37 -
Cattles warns on profits and suspends directors - Times Online
Cattles warns on profits and suspends directorsTimes Online, UKThe company, which has been trying to refinance a £500 million debt facility, said that it would now have to enter into discussions with its banks and the bondholders. Cattles, which last month said that it was delaying its annual results while it ...
2009-03-03 02:52:40 -
AIG warns on ratings, collateral calls, solvency - MarketWatch
AIG warns on ratings, collateral calls, solvencyMarketWatchAIG affiliates have $14 billion of commercial paper outstanding as part of the Federal Reserve's Commercial Paper Funding Facility, or CPFF, which buys this type of short-term debt from companies that are struggling to refinance. ...
2009-03-03 03:06:31 -
‘Bad bank’ could clean up mess - Kansas City Star
‘Bad bank’ could clean up messKansas City Star, MOAs housing prices fall, more homeowners with adjustable-rate-mortgages cannot refinance when their rates reset, and others, simply discouraged, default. Supply increases again, perpetuating the spiral of falling home values, mortgage defaults, ...
2009-03-03 03:19:27 -
Investors' foreclosures mount - Louisville Courier-Journal
Investors' foreclosures mountLouisville Courier-Journal, KYThings went well for a year or so, but then interest rates began rising, and Heleringer said lenders weren't willing to refinance the loans. Efforts to sell the homes didn't work either, partly because property values had started dropping. ...
2009-03-03 03:42:07 -
Drax full-year EBITDA beats consensus - Forex Pros
Drax full-year EBITDA beats consensusForex Pros, British Virgin IslandsThe company also said it was confident of being able to refinance its current debt, which matures in December 2010 and stood at 235 million pounds at the year end. Shares were up 0.9 percent by 0930 GMT. Shares in the company have fallen by about 13 ...
2009-03-03 03:59:55 -
Victims in a alleged scheme by a local insurance agent say they find it hard to trust those who offer to help. (The Star Press)
MUNCIE -- The son of one victim in an alleged scheme by a local insurance agent said his mother might lose her home after being tricked into investing in a Mexican hotel timeshare.
2009-03-03 02:20:39 -
WRAPUP 3-S.Korea warns speculators, intervenes to support won (Reuters via Yahoo! Singapore News)
* Won reverses 3-day losing streak on intervention
2009-03-03 02:26:10 -
Tread carefully when family, friends and money come together (The Daily News)
With banks being so tightfisted these days, you might find more friends or relatives falling on hard times and turning to you for a loan.
2009-03-03 02:32:24 -
Fannie, Freddie may never be private again (San Francisco Chronicle)
Despite assurances that the takeover of Fannie Mae and Freddie Mac would be temporary, the giant mortgage companies will most likely never fully return to private hands, lawmakers and company executives are beginning quietly to acknowledge. The possibility...
2009-03-03 02:32:26 -
Ohio official expects delay in state audit due to missing files (The Morning Journal)
COLUMBUS (AP) — The state auditor said yesterday that late or missing financial information from Gov. Ted Strickland’s administration has made it impossible to conduct a required audit.
2009-03-03 02:34:49 -
Coast Lines: March 3, 2009 (Santa Cruz Sentinel)
SANTA CRUZ Kennedy to speak next month Tickets are on sale now for a keynote address April 24 by environmentalist Robert F.
2009-03-03 03:34:20 -
(AFX UK Focus) 2009-03-03 09:22 WRAPUP 4-S.Korea warns speculators, intervenes to support won (Interactive Investor)
By Lee Shin-hyung and Yoo Choonsik
2009-03-03 03:49:54 -
Investors face growing foreclosures (Louisville Courier-Journal)
In all of western Louisville and Shively, median home prices dropped 24 percent to $34,250 last year, compared to $45,000 in 2007. The decline was the largest by far in the metro area, which saw an overall price drop of around 3 percent.
2009-03-03 04:02:37