Mortgage and Financial News From 2008-1-3 Page 64

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  • Centro put up for sale as debt deadline looms (Toronto Star)

    Centro Properties Group, the Australian owner of 700 U.S. shopping malls, has put itself up for sale before a Feb. 15 deadline to refinance $3.4 billion (U.S.) of debt.
    2008-01-03 01:38:33
  • U.S. hedge fund eyeing Centro stake: source (EARTHtimes.org)

    SYDNEY/PHILADELPHIA (Reuters) - Centro Properties Group , Australia's second high-profile victim of a global credit crunch, is attracting interest from U.S. hedge fund Citadel Investment Group, a source familiar with the situation said.
    2008-01-03 03:06:01
  • Mortgage applications down 11.6% last week, MBA reports (Market Watch)

    CHICAGO (MarketWatch) -- Applications filed for mortgages fell a seasonally adjusted 11.6% in the final week of 2007 compared to the prior week as interest rates nudged lower, the Mortgage Bankers Association reported Thursday.
    2008-01-03 04:04:22
  • Activist fights TD-Commerce Bancorp deal, citing racial gap - Trading Markets (press release)

    Activist fights TD-Commerce Bancorp deal, citing racial gapTrading Markets (press release), CA - 7 hours agoTD Banknorth, the bank's US subsidiary, denied mortgage refinance applications from blacks in the Newark area in 2006 4.4 times more frequently than those ...
    2008-01-02 08:14:20
  • Desperate homeowner seeks foreclosure alternative - Mortage 101

    Desperate homeowner seeks foreclosure alternativeMortage 101 - 3 hours agoYou may qualify to refinance your mortgage at a lower rate through the new FHA Secure plan. Go online to www.hud.gov/news/fhasecure.cfm to get contact ...
    2008-01-03 12:02:18
  • Bank faces rates dilemma as oil price soars

    This is Money - Pressure is growing on the Bank of England for another cut in interest rates next week. Consumers face soaring petrol bills while their spending is being squeezed by higher mortgage payments and rising energy bills. The Bank's Monetary Policy ...
    2008-01-03 02:18:00
  • Alt-A mortgage issuance drops sharply

    Seattle Times - Alt-A mortgages typically have results in higher interest rates because the lack of proof makes such borrowers increased ... in the fourth quarter and early 2008 as the industry continues to be affected by limited liquidity in the residential mortgage ...
    2008-01-03 12:02:00
  • Next profit to beat market predictions

    Irish Times - Shares in some high street clothing retailers like Next and Debenhams saw big losses in the run-up to Christmas on expectations shoppers would spend less on discretionary items in the face of higher mortgage rates and weaker housing markets. Next ...
    2008-01-03 02:04:00
  • Yesterday's trading: US data pulls Footsie down

    This is Money - Hopes that mortgage rates will come down soon to help resuscitate the housing market helped estate agency Savills rise 12¾p to 292¾p. Rightmove , Britain's number one property website, advanced 16¼p to 482¼.p. Oilex rose 5½p to 70½p following ...
    2008-01-02 11:55:00
  • Christmas debts 'will cause record insolvency'

    Daily Telegraph - The Bank of England has already warned that the proportion of households with difficulties meeting debt repayments is at its highest for almost 15 years - primarily due to higher mortgage rates. The bank reduced in·terest rates from 5.75 per cent to ...
    2008-01-02 11:26:00
  • Next braced for tough year on the high street

    Times Online - Shares in some high street clothing retailers like Next and Debenhams saw big losses in the run-up to Christmas on expectations shoppers would spend less on discretionary items in the face of higher mortgage rates and weaker housing markets. Next ...
    2008-01-03 12:31:00
  • U.K. Banks Plan to Tighten All Lending This Quarter (Update3)

    Bloomberg - Mortgage Rates U.K. banks raised interest rates on two-year mortgages in November as they passed on higher credit costs to the most popular type of loan used by homeowners, Bank of England data showed Dec. 11. The average rate offered on ...
    2008-01-03 02:40:00
  • Next sees year profits just ahead of expectations

    International Herald Tribune - Shares in some High Street clothing retailers like Next and Debenhams saw big losses in the run-up to Christmas on expectations shoppers would spend less on discretionary items in the face of higher mortgage rates and weaker housing markets. While UK ...
    2008-01-02 11:26:00
  • A new year dawns and investors live in hope - Irish Independent

    A new year dawns and investors live in hopeIrish Independent, Ireland - 59 minutes agoThe bull case sees global central banks cutting interest rates aggressively and injecting cash into the financial markets, with emerging markets taking off ...
    2008-01-03 01:57:39
  • BOE: Availability Of Mortgages Reduced "Materially" In 4Q - FXstreet.com The Foreign Exchange Market

    BOE: Availability Of Mortgages Reduced "Materially" In 4QFXstreet.com The Foreign Exchange Market, Spain - 58 minutes agoThe BOE reported that interest rate spreads on mortgage loans had increased "significantly" and that further increases were expected. ...
    2008-01-03 01:58:35