Mortgage and Financial News From 2007-12-19 Page 6

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  • Business Minute: Stocks slip...Oil rises...Nike beats expecations

    Idaho8.com - The Latest in House and Home House & Home Main Today's Mortgage Rates In the Know Movie Listings Personal Finance This Week in Money ... and the release of Bank of England meeting minutes that showed unexpected unanimity about cutting interest rates. The ...
    2007-12-19 03:00:00
  • Royal Bank, CIBC hike mortgage rates about 0.2 percentage points

    Canada East - CIBC reported Wednesday it will suffer a big profit hit - perhaps more than $1 billion - in the current quarter as a result of the woes of a major American bond insurer. Variable mortgage rates tied to the prime rate have actually decreased after the ...
    2007-12-19 01:27:00
  • Lenders to promote new mortgage changes

    AZCentral.com - ... Arizona are agreeing to promote new "workout" arrangements to allow many borrowers to get more favorable mortgage ... Napolitano says the initiative applies to borrowers with so-called "subprime" loans that are still current but with interest rates ...
    2007-12-19 02:39:00
  • Parishioners Pray For Mortgage Relief, Seek Counsel From Church (KTAL Shreveport)

    (Stockston, CA) -- Add mortgages to the list of things to pray for. A Baptist pastor from Stockton, California said issues ranging from health issues, marital problems and unemployment are expanding to include sky-high mortgage rates.
    2007-12-19 10:39:47
  • Royal Bank, CIBC hike mortgage rates about 0.2 percentage points (The Canadian Press via Yahoo! Canada News)

    TORONTO - Royal Bank (TSX:RY) raised its posted residential mortgage rates Wednesday by about two-10ths of a percentage point, following a similar move the day before by CIBC (TSX:CM).
    2007-12-19 01:22:00
  • Centro Says It's Still Viable Amid Credit, Stock Rout (Update1)

    Bloomberg - Dec. 19 (Bloomberg) -- Centro Properties Group, an owner of 700 U.S. shopping malls, said it remains viable amid negotiations to refinance A$3.9 billion ($3.3 billion) in debt and a share market rout that cut 86 percent of the company's value in two ...
    2007-12-17 03:53:00
  • Centro denies it faces bankruptcy

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa-Mideast ... It is struggling to refinance over $3.3-billion in debt by Feb. 15. Problems in the U.S. subprime mortgage market have forced ...
    2007-12-19 04:30:00
  • Liverpool face funding crisis

    Daily Telegraph - ... and George Gillett Jr, have postponed until 2009 plans to borrow £300 million from banks to pay for the club's new home ... interim deal before Christmas with the Royal Bank of Scotland and American bank Wachovia to borrow £350 million to refinance a ...
    2007-12-19 05:24:00
  • Mortgage crisis hits home for working families

    Workday Minnesota - Families were convinced to take an adjustable-rate mortgage when they first bought the home or when they were convinced to refinance," Nessen said. "And they were told by their mortgage broker they would be able to refinance again before the rate ...
    2007-12-19 03:36:00
  • Hawaii improves its home-foreclosure ranking (Honolulu Advertiser)

    Hawai'i improved one spot on a national home-foreclosure ranking in November, though foreclosure activity was still higher than it was in the same month last year.
    2007-12-19 04:45:59
  • Local lenders unaffected by mortgage credit crisis

    Martha's Vineyard Times - Local lenders unaffected by mortgage credit crisis By Dan Cabot - December 20, 2007 A nationwide trend of failed mortgages is ... That's not only bad for the bank, it's bad for the customer." According to the web site ForeclosuresMass.com, of 6193 ...
    2007-12-19 05:24:00
  • Bonds Rally on Big Morgan Stanley Loss

    CNBC - ... in mortgage-related writedowns for the fourth quarter, keeping stock futures under pressure. The company's losses were a reminder of a key feature in the credit crisis: the uncertainty surrounding the extent of bank exposure to mortgage bonds gone bad
    2007-12-19 05:35:00
  • Farm Credit is Vital to Meeting Energy Bill's Biofuels Goals; Bankers ...

    Forbes - This picture is further complicated by the credit tightening resulting from the bankers' sub-prime mortgage mess." Bankers' opposition to changes in Farm ... mandated mission to serve U.S. agriculture and rural America through good times and bad. "Bio ...
    2007-12-19 10:00:00
  • Morgan Stanley posts loss after US$9.4B 4th-qtr writedown, gets $5B ...

    MSN UK News - Morgan Stanley, the No. 2 U.S. investment bank, reported a US$9.4 billion (euro6.53 billion) writedown from bad bets on mortgage ... Morgan Stanley becomes the latest on Wall Street to be punished by the unfolding credit crisis _ and to be forced to ...
    2007-12-19 05:24:00
  • Stocks Fall amid Fresh Credit Worries

    BusinessWeek - Stocks fell Wednesday as the credit crisis continued to hurt major financial ... and Ambac Financial Group ( ABK ), citing expected losses on mortgage-backed securities ... share, reflecting higher fuel costs and softer-than-expected volumes due to bad ...
    2007-12-19 10:28:00