Mortgage and Financial News From 2008-3-10 Page 3

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  • Muto Tells Lawmakers He'll Defend BOJ's Independence (Update1) (Bloomberg.com)

    March 11 (Bloomberg) -- Bank of Japan governor nominee Toshiro Muto told lawmakers he'll defend the central bank's independence, responding to opposition claims that he might allow the government to influence monetary policy.
    2008-03-10 09:36:45
  • Uneasy Calm Emerges in Gaza as U.S., Egypt Push Talks (Washington Post)

    JERUSALEM, March 10 -- An uneasy calm has settled over southern Israel and the Hamas-run Gaza Strip in recent days as the United States and Egypt work to broker a cooling-off period following nearly a week of frantic fighting.
    2008-03-10 09:59:26
  • RP shares close flat after Wall Street losses (ABS-CBNNEWS.com)

    Philippine share prices closed flat Tuesday as investors chased a few bargains in the face of more losses on Wall Street and crude oil's surge to new record levels, dealers said.
    2008-03-10 10:14:05
  • Who'll solve our economic mess?

    Chicago Sun-Times - ... the National Foundation for Credit Counseling and its Consumer Credit Counseling Services agencies acknowledge they cannot work magic when homeowners cannot make the monthly payments on their mortgages and have no equity in their homes to refinance ...
    2008-03-10 05:48:00
  • Troubles beset even conservative Australian banks

    International Herald Tribune - The lenders will need to raise their loan-loss provisions as victims of the global credit crisis, including Allco and Centro Properties Group, struggle to refinance maturing debt.
    2008-03-10 06:23:00
  • California, New York Dump Auction Debt; States Push on Ratings

    Bloomberg - New York plans to sell $448 million to refinance debt, including auction-rate securities. The Port Authority of New York and New Jersey is refinancing $700 million of auction-rate debt after interest costs jumped as high as 20 percent.
    2008-03-09 10:53:00
  • Housing gloom to hit people's pockets - Treasury

    New Zealand Herald - The Reserve Bank estimated nearly a third of mortgagees on fixed rates will have to refinance in the next 12 months and, on average, they will have to pay between 0.7 and 1.5 percentage point higher rates.
    2008-03-10 06:26:00
  • CAG flays housing finance companies

    Statesman - This at a time the Budget 2008-09 provided Rs 1,200 crore in the National Housing Bank to refinance operations in the rural housing sector. The HFCs under review were HUDCO, Bank of Baroda Housing Finance Ltd, Central Bank Home Finance Ltd, IDBI ...
    2008-03-10 06:41:00
  • Tandberg Data wins shareholder approval for restructuring plans UPDATE

    CNBC - Norway's Tandberg Data said that after the previously announced share capital reduction, it is hoping to raise between 100-150 mln nkr to refinance itself.
    2008-03-10 07:42:00
  • Fitch Rates Odenton Baptist Church (Maryland) $1.99MM 2008 Taxable ...

    Forbes - The bond proceeds will be used to finance and refinance the cost of acquisition, construction, renovation, and equipping of certain facilities for Odenton Baptist Church.
    2008-03-10 08:47:00
  • Babcock Retires A$250mln Margin Loans, Shares Drop

    Reuters - ... Reuters) - Babcock & Brown Ltd (BNB.AX: Quote , Profile , Research ), an Australian investment bank and asset manager, said on Monday it had retired over A$250 million ($231 million) of short-term margin loans and has received commitments to refinance ...
    2008-03-10 07:35:00
  • Dodd May Submit New Housing Bill

    Forbes - Sen. Christopher Dodd could announce later this week new legislation that would create a corporation to help troubled homeowners refinance their home loans, a staffer said Monday. Jonathan Miller, a staff member of the Senate Banking Committee that ...
    2008-03-10 12:36:00
  • Fitch Affirms Kinder Morgan's IDR at 'BBB'; Outlook Stable

    Forbes - However, KMP's leverage ratios would strengthen should REX refinance its debt through project specific financing that is non-recourse to its owners as is presently contemplated.
    2008-03-10 01:47:00
  • Autogrill Buys Duty-Free Businesses for $1.5 Billion (Update4)

    Bloomberg - BAA, under fire from airlines and travelers for worsening delays at London's Heathrow, will use the sale proceeds to reduce the 4.1 billion pounds of debt it is struggling to refinance.
    2008-03-10 01:04:00
  • Incitec makes $3.3 billion takeover offer for Dyno Nobel

    News.com.au - Incitec has secured a $2.4 billion bank facility to fund the cash component of its offer and refinance existing Incitec and Dyno debt. "The combination of Incitec and and Dyno Nobel will create a leading global chemicals company favourably positioned ...
    2008-03-10 04:39:00