Mortgage and Financial News From 2007-8-28 Page 17

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  • Asian shares broadly lower on US data

    Financial Times - In Australia, Rams dropped as much as 13.8 per cent to A$1.00 after it said it would try to sell mortgage-backed bonds in Australia after it failed to refinance US$5 bn of short-term debt in the US earlier this month. The poor state of the US housing ...
    2007-08-28 05:12:00

  • Backlog of homes unsold is record

    Baltimore Sun - ... the next two years as nearly 2 million homeowners with adjustable-rate mortgages experience payment shocks as their loans reset in a weakening housing market. "We need to deal with widespread uncertainty in the mortgage market and help to refinance ...
    2007-08-28 09:01:00

  • Bar owner takes steps to avoid time in jail

    St. Petersburg Times - He told the Times that with the refinance, he'll be able to pay the nearly $10,000 in back sales taxes in one lump sum - plus two years of delinquent county property taxes. "I'm very happy," he said. "Today will be the first day that I can relax." ...
    2007-08-28 04:07:00

  • In Washington, Aid to Homeowners Debated

    New York Times - More ominously, falling real estate prices and a pullback among mortgage lenders are expected to make it more difficult for overstretched homebuyers to either refinance their way out of trouble or simply sell their houses. “This is really just the ...
    2007-08-28 06:02:00

  • Australian shares close marginally lower as earnings offset US ...

    Forbes - The company said earlier this month that it is unable to roll over 6.17 billion dollars worth of maturing notes in the US debt market because of a lack of market liquidity and that it had to extend and refinance the programs. Major lenders were also ...
    2007-08-28 08:32:00

  • Oerlikon H1 net misses expectations, outlook upbeat

    Reuters - Earlier this year, Oerlikon secured a 2.5 billion franc syndicated credit line to refinance the acquisition of textile machinery and car-parts maker Saurer and for future buys. Shares in the group have lost nearly 40 percent of their value so far ...
    2007-08-28 07:35:00

  • SachsenLB facing total 660 mln eur in capital market losses - report

    CNBC - SachsenLB had to be provided with a 17.3 bln eur credit line by Germany's savings banks after it struggled to refinance its Ormond Quay fund, a special purpose entity similar to IKB Deutsche Industriebank AG's troubled Rhineland Funding. maria.sheahan ...
    2007-08-28 06:52:00

  • Exeter might refinance golf course (Reading Eagle)

    Berks County, PA - Exeter Township supervisors Monday agreed to hold a workshop to discuss refinancing a $14.7 million bond and spreading the debt over 30 or 40 years.
    2007-08-28 04:32:42

  • Melton: Refinance Debt To Make Up Deficit (WAPT Jackson)

    Refinancing the city's debt is the best way to make up for the city's budget shortfall -- at least according to Jackson Mayor Frank Melton.
    2007-08-27 10:01:44

  • Rams Turns to Australian Market After Failure in U.S. (Update2) (Bloomberg.com)

    Aug. 28 (Bloomberg) -- Australia's Rams Home Loans Group Ltd. said it will try to sell more mortgage-backed bonds in the domestic market after failing to refinance A$6.18 billion ($5 billion) of short-term debt in the U.S. this month.
    2007-08-28 07:07:31

  • Thailand Central Bank May Cut Rate to 3 Percent in Sixth Reduction in ...

    Stockhouse Canada - Aug. 28 (Bloomberg) -- Thailand's central bank will probably cut its benchmark interest rate for the sixth consecutive time this ... The military junta, which ousted Prime Minister Thaksin Shinawatra in the September coup, aims to hold a general election ...
    2007-08-28 12:04:00

  • City OKs $4.5M

    Times and Democrat - The interest rate is the prime rate as stated in the Wall Street Journal. At the end of the three-year period, Walsh said, the county and city have the option of continuing to pay the carrying costs for three more years and refinancing the developer's ...
    2007-08-28 05:48:00

  • Fukui to keep pushing for higher rates, defying Abe

    Worldnews.com - Toshihiko Fukui may say no to an interest rate increase this week. It won't be his last word on the subject. Even before the ... largest economy would put Fukui at odds with the International Monetary Fund as well as with the government of Prime ...
    2007-08-28 07:21:00

  • Stephen King: The reality of housing and debt risks

    Belfast Telegraph - Lower interest rates over time have played a role but explain only a modest amount of the reduction ... Since then, there's been huge growth in adjustable-rate mortgages and a big expansion of sub-prime lending. It would be nice to thinkthose who ...
    2007-08-28 07:13:00

  • Australian Coal Port Throughput to Be Reduced by Expansion Work

    Bloomberg - The port will probably run at an annualized rate of about 45 million tons a year in August and October, compared with about 50 million tons a year in recent months, Pollock said. The first phase of the expansion, which will take capacity ...
    2007-08-28 07:56:00

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