Mortgage and Financial News From 2009-10-12 Page 01
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Macquarie Media may breach loan conditions - Age
Macquarie Media Group (MMG) says its US-based investment, American Consolidated Media (ACM), may breach its loan covenants. A breach may place at risk MMG's $US81.2 million book-value investment in ACM, which owns about 100 community newspapers in ...
2009-10-12 06:23:00 -
Transferring Wealth Via the Bank of Mom & Dad - Wall Street Journal
In the arcane netherworld of estate planning, thicketed with acronyms like SCINs, GRATs and IDGTs, and under the peculiar rules of the Internal Revenue Service, low interest rates enable you to transfer more wealth to your heirs tax-free. On top of ...
2009-10-12 06:16:00 -
CIT debt swap struggles, bankruptcy looms - Reuters
NEW YORK (Reuters) - CIT Group Inc is seeing little interest from bondholders in a debt exchange offer aimed at repairing its fragile balance sheet, making bankruptcy increasingly likely, sources familiar with the matter said. The lender to small and ...
2009-10-12 06:16:00 -
FEATURE-US home rescue plan delaying, not solving crisis - Reuters
One of the big reasons behind the high re-default rate is that many Americans are now "underwater" or behind on mortgages that are worth more than their homes. "The biggest problem is that loan modifications do not address negative equity," said ...
2009-10-12 06:59:00 -
Knight Libertas gives $100K to housing group - Greenwich Time
Distressed homeowners in Connecticut can get some needed cash to help them avoid foreclosure thanks to a $100,000 donation from Greenwich-based Knight Libertas to a New Haven housing assistance program. Knight Libertas is a unit of New Jersey-based ...
2009-10-12 07:06:00 -
Missing man's remains found on river island - Milwaukee Journal Sentinel
Hunters came across the remains on Sunday morning on an island south of Red Wing, Minn., in the backwaters of the Mississippi. The Pierce County Sheriff's Department said the body had become lodged in debris on the island. Officers searched the body ...
2009-10-12 08:25:00 -
Kapanke says he still intends to pay for lawsuit - Milwaukee Journal Sentinel
Kapanke said Monday he still intends to reimburse the state for the bill since it stemmed from a legal settlement caused by his office's poor response to an open records request. Kapanke says he's refinancing some personal property and he intends to ...
2009-10-12 08:25:00 -
Hot Off the Wire - dBusinessNews.com
SAN DIEGO--(BUSINESS WIRE)-- LenderLive Network Inc., a provider of business process outsourcing and technology to the financial industry, announced at the MBA 96th Annual Convention and Expo that it has performed at least one of its services on more ...
2009-10-12 05:01:00 -
Getting Home Loan Modification to Stop Foreclosure - PR Inside
2009-10-12 16:27:32 - President Obama's Making Home Affordable loan modification plan would facilitate around 5 million American homeowners to protect their homes. Citizens are all clamoring to search out the ways to protect their houses. Therefore ...
2009-10-12 09:33:00 -
US Dollar Faces Lineup of Major Event Risk from US Retail Sales, FOMC ... - DailyFx
The US dollar will encounter the most event risk compared to the rest of the majors this week, as US advance retail sales, the FOMC meeting minutes from September, and the University of Michigan’s consumer confidence index will all be released ...
2009-10-12 07:39:00 -
Housing Risks Still Lurk Even as Buyers Return - FOX News
On the surface, a glimmer of confidence is returning to the battered U.S. housing market, after more than three years of gut-wrenching defaults, price slumps and foreclosures. But investors and homeowners in California, the most populous U.S. state ...
2009-10-12 09:19:00 -
Morgan Stanley Investment Management Inc., et al.; Notice of ... - TradingMarkets.com
Summary of the Application: Applicants request an order that would permit (1) registered investment companies for which certain affiliates of Morgan Stanley ("Morgan Stanley") act as an adviser to engage in certain securities transactions with ...
2009-10-12 12:04:00 -
The Right Loan Term - Boston Globe
Sam Schneiderman , Broker-owner of Greater Boston Home Team continues his Monday series. Last week, we discussed the concept of an “exit strategy” when buying a home. That means that before you get into the house, you need a plan to get out of ...
2009-10-12 01:51:00 -
Lucrative mortgage deals are likely to last a few more months, experts ... - detnews.com
If you've been waiting to see how low mortgage rates can go, you can stop. This is it. The latest surveys show the national average rate on 30-year mortgages stayed below 5 percent for the second or third week in a row, depending on which surveys you ...
2009-10-12 03:38:00 -
New Delhi, October 12 - Tribune
(From left) The new BMW Z4 at the Indian Couture Fashion Week in Mumbai on Monday. The car will be available in petrol variant at an ex-showroom price of Rs 59 lakh; and, (right) President of General Motors (India) Karl Slym (R) with vice-president ...
2009-10-12 03:17:00