Mortgage and Financial News From 2008-2-4 Page 42

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  • Captive to spend now, worry later mentality

    News.com.au - IF the nay-sayers are right and home interest rates rise again, I'm wondering what that will mean to the one million Australian households officially under mortgage-related stress. Do we get more stressed, or do we start laughing maniacally? Do we ...
    2008-02-04 10:16:00

  • Virgin submits proposal for Northern Rock rescue (Reuters.co.uk)

    LONDON (Reuters) - A consortium led by Richard Branson's Virgin Group has submitted a proposal that will recapitalise and refinance embattled mortgage bank Northern Rock, it said on Monday.
    2008-02-04 09:46:57

  • Businesses raise concerns with industrial rezoning (MLive.com)

    What began as a gesture by the City of Walker to offer a one-time city-sponsored rezoning for the residents who live on or near Pannell Avenue caused concern from area business owners.
    2008-02-04 09:51:22

  • Northern Rock submits stand-alone plan (ShareCast)

    LONDON (SHARECAST) - Northern Rock has submitted its own rescue plan in a bid to stay independent.
    2008-02-04 10:15:10

  • Bernanke Makes Bulls From Dollar Bears Seeing Growth (Update4) (Bloomberg.com)

    Feb. 4 (Bloomberg) -- Ben S. Bernanke's decision to lower interest rates 1.25 percentage points last month will end the dollar's two-year slide, according to the world's biggest currency traders.
    2008-02-04 10:18:51

  • Fact Sheet: The President's FY09 Budget

    Forbes - Increases mortgage financing options for homebuyers and homeowners through ... and investors to identify troubled borrowers and help them refinance or ... Facilitates health information technology advancements through the adoption ...
    2008-02-04 07:52:00

  • (AFX UK Focus) 2008-02-04 18:02 GMT: Recticel agrees five year 230 mln eur loan facility (Interactive Investor)

    BRUSSELS (Thomson Financial) - Bedding and foam manufacturer Recticel said it has agreed a five-year 230 mln eur loan facility with ten European banks.
    2008-02-04 10:31:37

  • (AFX UK Focus) 2008-02-04 18:24 GMT: Brussels shares close flat; Agfa-Gevaert leads gainers UPDATE (Interactive Investor)

    (Updates with full report)
    2008-02-04 10:47:40

  • Canadian housing starts seen easing in 2008

    Reuters - Despite some global financial instability with regards to the U.S. housing market, Canada continues to experience robust employment levels, ongoing income gains and low mortgage rates," said Bob Dugan, chief economist for CMHC. "This has strongly ...
    2008-02-04 09:04:00

  • Capitalism and the American Way (GoldSeek.com)

    *** August and everything after…the political power couple…and more!
    2008-02-04 10:58:29

  • Intelsat Announces Completion of Acquisition by Serafina Holdings (Business Wire via Yahoo! Finance)

    PEMBROKE, Bermuda----Intelsat, Ltd., the world's leading provider of fixed satellite services, today announced the successful closing of the acquisition of all of the primary equity ownership of its parent, Intelsat Holdings, Ltd. by Serafina Holdings, Limited , an entity formed by funds advised by BC Partners, Silver Lake and certain other equity investors.
    2008-02-04 11:02:00

  • Fed's Kroszner: More must be done to stem foreclosures

    Marketwatch - Challenges remain, for example, with respect to ongoing constraints on servicing capacity to expedite work outs." These companies who handle mortgage payments "must undertake the investment to overcome the capacity challenges and provide transparent ...
    2008-02-04 09:25:00

  • RBA set to raise rates again

    News.com.au - HOMEBUYERS can expect to be repaying around $50 extra per month on an average mortgage after today's Reserve Bank of Australia (RBA) board meeting. The RBA is widely tipped to raise its key interest cash rate by a quarter of a percentage point at 2 ...
    2008-02-04 10:23:00

  • Zip Code 'Redlining': A Sweeping View of Risk

    Washington Post - David Berenbaum, executive vice president of the National Community Reinvestment Coalition , a consumer advocacy group active in litigation against subprime mortgage companies, said that "sound underwriting has nothing to do with geography. It is ...
    2008-02-01 03:56:00

  • Living In A Tapped-Out Nation - Evening Bulletin

    Living In A Tapped-Out NationEvening Bulletin, PA - 1 hour agoWith the economy in danger of seizing up, the Fed has cut interest rates from 4.25 percent to 3 percent in two weeks. This has sent the dollar plunging ...
    2008-02-04 09:30:56

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