Mortgage and Financial News From 2007-12-13 Page 23
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Euribor Stays at 7-Year High, Defying Central Banks (Update1)
Bloomberg - That's 95 basis points more than the European Central Bank's benchmark interest rate and up from 4.18 percent at the start of ... Prime Minister Gordon Brown said the surge in credit costs should spur increased transparency in the banking industry and ...
2007-12-13 03:33:00 -
Japan promises $100 mln of concession loan for Cambodia to reduce ...
Xinhua News Agency - ... 100 million U.S. dollars of concession loan each year for Cambodia to facilitate its poverty reduction efforts, said Prime Minister Hun Sen here on Thursday. The loan will be increased by one third on annual basis and the interest rate ...
2007-12-13 12:27:00 -
Hong Kong index tumbles nearly 3 percent on further concern about US ...
CNBC - Investors had hoped for a bigger cut in the discount rate. Banking stocks were weighed down by their exposure to the sub-prime situation and lower interest rates in the U.S. and in Hong Kong. In Hong Kong, index heavyweight HSBC fell 1 percent to HK ...
2007-12-13 01:03:00 -
UK Brown: Pay Restraint Opens Way For Interest Rate Cuts
FXStreet.com - LONDON -(Dow Jones)- U.K. Prime Minister Gordon Brown Thursday said limited rises in public sector pay were needed to keep inflation under control and allow the Bank of England to cut interest rates in response to the global financial crisis. The U.K ...
2007-12-13 02:36:00 -
Barratt is top gainer on French bid hopes
Times Online - A&L has been weighed down by worry over whether it can access this market to refinance its mortgages. Similarly HBOS , owner of Halifax, gained 16½p to 833p. The FTSE 100 as a whole was also lifted by the news, at one point rising 74 points before ...
2007-12-12 04:06:00 -
Health care costs hitting harder for Washington residents
Everett Herald - Spending 10 percent of income on health-care costs is more than most low- and middle-class families can reasonably afford, the study says, sometimes forcing people to go into debt or refinance their home. Their conclusions were based on data from the ...
2007-12-12 11:51:00 -
Foreclosures triple across region
Palm Beach Post - Indeed, tightened finance rules in the wake of the "subprime loan mess" plus a huge backlog of unsold homes on the market make it difficult for many cost-burdened homeowners to refinance with better terms, or to sell. In Palm Beach County, for ...
2007-12-13 12:27:00 -
Longview ISD bond cost: 25½ cent tax increase
Longview News-Journal - Conversely, if the tax base is smaller than anticipated, we can refinance at a lower rate or for a longer period of time to keep the tax rate the same." Architects unveiled a plan Monday that includes building five elementary schools, replacing Forest ...
2007-12-13 01:03:00 -
Ex-Jeffco finance chief Sayler gets city post
Everything Alabama - The two clashed when Langford assumed responsibility of the county finance department in 2002 but developed a working relationship as the county began a series of bond deals in 2003 to refinance its massive debt, among the highest local government ...
2007-12-13 01:10:00 -
Entertainment center sale OK'd $4M for 5.8-acre site
News Sun - This will allow the village to refinance the original $24.5 million in bonds and reduce the annual debt service," Bowens said. The LSC opened in June 2002 and includes 160,000 square feet of indoor recreational space, including eight full-size ...
2007-12-13 01:53:00 -
Kazakhstan vows to preserve banking sector
Financial Times - But liquidity has evaporated in the wake of the US subprime mortgage crisis, raising concern that the banks will be unable to repay or refinance their foreign liabilities. Some $12bn of Kazakh banks’ total foreign debts fall due next year, out of a ...
2007-12-12 08:02:00 -
BASIS POINT-SP Ausnet to go ahead with refinancing
Reuters UK - The loan was to have been used for the acquisition and to refinance an existing A$600 million loan. Ausnet will now just go ahead with the refinancing, the source said. The mandated lead arrangers for the smaller facility are Citigroup (C.N: Quote , ...
2007-12-12 08:52:00 -
Kuwait's Zain refinances $1.2 bln Islamic loan
Guardian Unlimited - DUBAI, Dec 13 (Reuters) - Kuwait's Mobile Telecommunications Co (Zain) agreed a $1.2 billion Islamic loan with seven regional and international lenders to refinance existing debt for the same amount, the Kuwait bourse said on Thursday. The loan ...
2007-12-12 09:21:00 -
French banks set up fund as safety net
MSN MoneyCentral - Returns from managing the assets will fund the management team and operations. If sponsors of asset-backed securities face a run on their funds, the 'super-conduit' will buy the securities, and issue commercial paper to refinance the assets. Copyright ...
2007-12-12 10:04:00 -
Mario Garcia's Wife Suspected Of Fraud, Money Laundering
MSNBC - Attorney Matthew Stegman, who is prosecuting the case, the complaint alleges that Jean Garcia made false statements in a loan application for the purpose of obtaining a loan to refinance the house in which she and Mario Garcia lived, and then engaged ...
2007-12-13 12:13:00