Mortgage and Financial News From 2008-1-16 Page 6

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• Budget cuts crucial to fight inflation - Rudd

  News.com.au - A $3 BILLION windfall courtesy of the previous government's underspending may not save departments from the Rudd ... 6. Qantas bosses may be facing charges 7. Nervous families refinance home loans 8. Banks target pre-retirees 9. Centro facing class ...
  2008-01-16 07:56:00

• New FA chairman Lord Triesman takes over

  Daily Telegraph - Despite securing a new £550m television rights deal, WNSL and the FA would still like to refinance the 13 year loan to reduce the annual charges although that has been put on hold due to the global credit crunch. Ensuring Wembley does not come back ...
  2008-01-16 09:08:00

• Owners' dispute eclipses Liverpool's new deal

  Daily Telegraph - Under the terms of the deal, around half of the £350 million of debt is to be placed on to Liverpool's books, partly to finance the start of work on the new £400 million stadium at Stanley Park and to refinance £20 million of loans for new players ...
  2008-01-16 09:08:00

• Ex-Fremont pair offer inside look at lender

  Boston Globe - Fremont executives intended these high-cost mortgages to be temporary, Lee said, expecting borrowers to refinance within months, as the value of their homes rose. When the housing market entered a downturn in 2006, subprime mortgages caused an ...
  2008-01-16 09:01:00

• U.S. is winning war in Iraq, Martinez says

  St. Petersburg Times - As a result of (Federal Housing Administration reform), an estimated 21/2-million adjustable rate mortgages that are scheduled to reset this year might be able to refinance under the revamped rules for FHA." Health care "Four million Floridians are ...
  2008-01-16 09:08:00

• State's Housing Market in Trouble - WSHM-TV

  State's Housing Market in TroubleWSHM-TV, MA - 4 hours ago"Our numbers have tripled and people are coming in droves asking, can you help me get out of this mortgage, can I refinance?" said Deborah Broaden, Director ...
  2008-01-16 05:12:56

• If Howard was so hot, why aren't we bailing out Wall Street? - Crikey (subscription)

  If Howard was so hot, why aren't we bailing out Wall Street?Crikey (subscription), Australia - 4 hours ago... the Countrywide loan book, Westpac was able to swoop up the key RAMS business for $140 million, whilst helping run down and refinance the loan book. ...
  2008-01-16 05:54:47

• New FA chairman Lord Triesman takes over - Telegraph.co.uk

  New FA chairman Lord Triesman takes overTelegraph.co.uk, United Kingdom - 4 hours agoDespite securing a new £550m television rights deal, WNSL and the FA would still like to refinance the 13 year loan to reduce the annual charges although ...
  2008-01-16 05:57:09

• Owners' dispute eclipses Liverpool's new deal - Telegraph.co.uk

  Owners' dispute eclipses Liverpool's new dealTelegraph.co.uk, United Kingdom - 3 hours ago... partly to finance the start of work on the new £400 million stadium at Stanley Park and to refinance £20 million of loans for new players. ...
  2008-01-16 06:02:55

• Who would want to buy Northern Rock? - Telegraph.co.uk

  Who would want to buy Northern Rock?Telegraph.co.uk, United Kingdom - 3 hours agoGlobal credit having been comprehensively crunched, the funds a new buyer would need to refinance the bank were not there. And so we arrive at almost ...
  2008-01-16 06:26:20

• Global Investing Roundup - Money Morning

  Global Investing RoundupMoney Morning - 3 hours agoHe also addressed plans to refinance most of the debt accrued in buying the Yukos assets. The company intends to pay the debt down by dipping into its ...
  2008-01-16 06:44:53

• Housing firm set to borrow P10b this year - Manila Standard Today

  Housing firm set to borrow P10b this yearManila Standard Today, Philippines - 2 hours agoBy Lawrence Agcaoili State-run Home Guaranty Corp. plans to return to the domestic capital market this year and borrow P10 billion to refinance maturing ...
  2008-01-16 07:41:13

• Australia's Valad Property shares up on UK property sales - Forbes

  Australia's Valad Property shares up on UK property salesForbes, NY - 2 hours ago... centre property investor, Centro Properties Group, saying last month that it had to refinance about 3.9 billion dollars of debt in a difficult market. ...
  2008-01-16 07:54:57

• The Home Equity Crisis Ahead - BusinessWeek

  The Home Equity Crisis AheadBusinessWeek - 1 hour agoAfter all, homeowners could quickly refinance, using newly accumulated equity to pay off a second loan, or even a third. So lenders were confident they ...
  2008-01-16 08:35:14

• Stumping for wife, Bill Clinton says mortgage crisis needs fix - Contra Costa Times

  Stumping for wife, Bill Clinton says mortgage crisis needs fixContra Costa Times, CA - 59 minutes ago... creating a $30 billion Emergency Housing Crisis Fund to support states and cities in helping embattled residents refinance their homes with affordable ...
  2008-01-16 08:59:06

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