Mortgage and Financial News From 2007-10-24 Page 11

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  • Cedar Agrees to Purchase Fourteenth New England Shopping Center

    Forbes - ... credit facility; the Company expects to place new fixed-rate first mortgage ... upon the expiration of current leases; and the financial flexibility to refinance ... forth in this release to reflect any change in expectations, change in information ...
    2007-10-24 11:30:00

  • Fitch Ratings Affirms Morgan Stanley's Mtge P-T Ctfs, Series 1998-HF2

    Forbes - Fitch Ratings has affirmed Morgan Stanley's commercial mortgage pass-through ... or a debt service coverage ratio less than 1 times (X), and the increased refinance ... For more information on Distressed Recovery ratings, see the full report ('Structured ...
    2007-10-24 08:10:00

  • Countrywide wins over critics

    CNN Money - ... of Countrywide's harshest critics changed their tune this week after the mortgage ... For Mark Seifert, executive director of a National Training and Information Center in ... Now you want to charge people to refinance out of it." GROUP 2 - 20,000 borrowers ...
    2007-10-24 01:25:00

  • Reward Increased In Senior Citizen's Death (WDSU New Orleans)

    Crimestoppers and the St. Charles sheriff are offering more than $15,000 for information on the slaying of a senior citizen.
    2007-10-24 12:30:31

  • Reward Offered In Pool Arson Case (Eyewitness News 3 Hartford)

    Police are offering a reward for information regarding a fire at a South Windsor park.
    2007-10-24 12:12:56

  • PM facing mortgage backlash

    News.com.au - MATT and Joanne Arnold are looking to expand their family and their home - but their dream of more space could be crushed if interest rates go up again. And that is a terrifying prospect for Prime Minister John Howard come election day. The Arnolds ...
    2007-10-24 12:06:00

  • Time to think about fixing your mortgage

    The Australian - Assuming the Reserve Bank moves, mortgage rates will rise within days while credit cards and deposit rates may take a bit longer. Should rates rise, borrowers are advised to undertake a more critical review of their loan than usual. One of the ...
    2007-10-24 08:03:00

  • Akzo May Punish Investors as U.S. Slump Dogs ICI Buy (Update3)

    Bloomberg - The real-estate recession will worsen as stricter lending rules and higher mortgage rates make it more difficult for potential buyers to get financing. ``What you really want to know is: How long will the downturn in U.S. housing last ...
    2007-10-24 08:10:00

  • PM faces rates nightmare

    The Australian - Financial markets are betting on a further 25-point hike in December or February, taking standard variable mortgage rates to 8.55per cent, the highest level since 1996. The Coalition went into damage control yesterday, with Peter Costello suggesting ...
    2007-10-24 08:17:00

  • Rate rise may hobble Howard

    News.com.au - Labor's treasury spokesman Wayne Swan said Australia had the second highest mortgage rates of any advanced nation, behind New Zealand, while rental costs had risen by 5.8 per cent over the past 12 months. In the past five years, food bills had risen ...
    2007-10-24 07:56:00

  • Aussie mortgage rates to jump

    News.com.au - MORTGAGE interest rates will rocket to 8.55 per cent next year - the highest since 2000 - according to property forecasters. The latest property market outlook, released yesterday by mortgage insurers PMI and analysts BIS Shrapnel, finds no relief ...
    2007-10-23 06:05:00

  • Reserve Bank holds interest rates

    Stuff - A rise would have pushed fixed mortgage rates above 9 per cent, and hit the housing market, which has already suffered a big slump in sales volumes and flat median prices in the last few months. Most two-year fixed interest rates are just above 9 ...
    2007-10-24 01:03:00

  • Has the Mortgage Crisis Finally Peaked?

    BusinessWeek - The good news is that mortgage availability has markedly improved in recent weeks with interest rates on jumbo loans falling, and more people are applying for safer and conforming FHA mortgage products." The bad news is that home sales are still ...
    2007-10-24 01:25:00

  • Home Sales Plunge by 8 Percent

    Los Angeles Times - Analysts said the current downturn is already more severe than the housing slump of the 1990s and they predicted before it is resolved it will rival the 1980-82 housing slump when the industry was battered by double-digit mortgage rates and a steep ...
    2007-10-24 01:11:00

  • Treasurer says he can't stop business loan rates

    News.com.au - The Treasurer said "there were no grounds" for the banks to raise the variable mortgage rates ahead of an RBA rate rise. "They have a big deposit book and have not had an increase in official interest rates," he said. "But in the business lending ...
    2007-10-24 07:48:00

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