Mortgage and Financial News From 2007-8-23 Page 9
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Fedders Files For Chapter 11; Looking To Sell North American Business
Consumer Electronics Net - The proceeds from the financing, which is subject to Bankruptcy Court approval, will be used to refinance the company's senior secured revolver and term loan, to pay fees and expenses associated with the financing and for operating expenses ...
2007-08-23 03:19:00 -
Soaring number of student loans leads to fears of market collapse
San Francisco Examiner - It’s the same way you have widely aggressive marketing of subprime loans to consumers looking to refinance their homes..there is very little regulation, which is a recipe for disaster.†John Buettner, a regents spokesman, said the finding is not ...
2007-08-23 03:19:00 -
Lending crisis spreading
New York Daily News - Schumer asked Paulson and Bernanke to support a plan in Congress to provide $100 million to nonprofit housing groups to help troubled subprime borrowers - those with blemished credit histories - refinance their homes. The fallout from the credit ...
2007-08-23 06:01:00 -
Dundee, NavCan latest liquidity victims
Globe and Mail - That disclosure made it impossible for Coventree to refinance and give some investors their money back when it was due. When the banks balked at providing the money, the market became paralyzed, and investors have refused to buy new ABCP securities ...
2007-08-23 11:51:00 -
Lined up for Fed handout
Boston Globe - Those institutions borrowed money via the discount window to make it available to customers who might otherwise get stuck if they relied on markets to refinance short-term debt. The banks don't appear to need the money, and they have cheaper places to ...
2007-08-23 10:33:00 -
Novastar Mortgage, Inc. Overview
Kansas City Business Journal - NovaStar Mortgage is your mortgage source for debt consolidation loans, cash out refinance loans and home mortgage loans. NovaStar Mortgage offers debt relief mortgage loans even if your past credit history includes bad credit, less than perfect ...
2007-08-23 02:43:00 -
Pimco's Gross Urges Bush to Bail Out U.S. Homeowners (Update3)
Bloomberg - U.S. homes facing foreclosure almost doubled in July to 179,599 notices as property owners with adjustable-rate mortgages saw payments rise and were unable to refinance because of the subprime crisis, RealtyTrac Inc. said. Analysts expect defaults to ...
2007-08-23 02:43:00 -
Macquarie Infrastructure Company Closes Acquisition of San Jose
MSN MoneyCentral - The Company intends to refinance all of the debt related to its airport services business, including the term loan and the $60.0 million revolving debt balance, into a single facility. The FBOs will be rebranded and integrated into the Company's ...
2007-08-23 12:42:00 -
The mad dash for housing help
CNN Money - New York state has high hopes, though, for its "Keep the Dream" program that will dedicate $100 million to refinance risky mortgages. The program kicks off Sept. 7 and is aimed, like Ohio's Opportunity Loan, at borrowers not yet in foreclosure but at ...
2007-08-23 03:19:00 -
Gross Urges Bush to Bail Out Homeowners
Forbes - The higher prices enabled a distressed borrower to either sell his house to repay a loan or to refinance based on the house's higher value. With prices stagnant or falling in most markets, demand for homes has slackened. Speculators, credited with ...
2007-08-23 02:00:00 -
In a credit pinch?
Chicago Tribune - If the recent tightening in credit has affected you -- causing you to use your credit card to help pay the mortgage or to refinance your mortgage or pursue an equity loan to pay a credit card -- we'd like to talk to you for a story. We'd also like to ...
2007-08-23 04:16:00 -
Credit Piggybacking Is Unsuccessfully Attacked
Forbes - Offering five packages for varied levels of credit, TradeLine Solutions can boost a score from the 500s into the 700s so customers can refinance or obtain loans at dramatically lower rates. With plans starting at $599, the piggybacking method is a ...
2007-08-23 02:58:00 -
SachsenLB board member, head of capital markets Leusder steps down ...
Forbes - SachsenLB was recently provided with a 17.3 bln eur credit line by Germany's savings banks after it struggled to refinance its Ormond Quay fund because of the current financial turmoil. According to media reports, SachsenLB's total US sub-prime credit ...
2007-08-23 03:05:00 -
Harp Group, Mid-America Development Partners Close Westin Chicago North Shore Refinance; Marathon Opportunity Fund ... (PRWeb via Yahoo! News)
The Harp Group, a real estate investment and development company that specializes in high-end hospitality destinations, and Mid-America Development Partners, a full-service commercial real estate firm specializing in retail and shopping center development, have announced the refinancing of one of their premiere assets with a new equity partner.
2007-08-23 03:52:00 -
German Banks Face No `Systemic' Crisis, Fitch Says (Update1) (Bloomberg.com)
Aug. 23 (Bloomberg) -- German banks face no ``systemic crisis'' even after the bailouts of two lenders that couldn't meet commitments to refinance short-term debt, Fitch Ratings said.
2007-08-23 02:52:59
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