Mortgage and Financial News From 2008-1-16 Page 7

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  • Las Vegas Default Highlights Commercial-Property Crunch - Wall Street Journal

    Las Vegas Default Highlights Commercial-Property CrunchWall Street Journal - 56 minutes ago... one of the largest owners of shopping centers in the US Its stock has sunk because it can't refinance $3.4 billion in short-term debt. ...
    2008-01-16 09:01:25
  • BRIEFING - ASIA REAL ESTATE - JAN 17, 2008 - Trading Markets (press release)

    BRIEFING - ASIA REAL ESTATE - JAN 17, 2008Trading Markets (press release), CA - 39 minutes agoAustralia's second largest shopping centre owner needs to refinance $A3.9 billion ($US3.43 billion) in debt by a February 15 deadline and is considering ...
    2008-01-16 09:18:25
  • Ex-Fremont pair offer inside look at lender - Boston Globe

    Ex-Fremont pair offer inside look at lenderBoston Globe, United States - 39 minutes agoFremont executives intended these high-cost mortgages to be temporary, Lee said, expecting borrowers to refinance within months, as the value of their homes ...
    2008-01-16 09:18:52
  • Wealthy may be next in line in US home crisis - ABC Online

    Wealthy may be next in line in US home crisisABC Online, Australia - 22 minutes ago... people who have borrowed a large percentage of the equity [in their homes]," he said. "Now the value of their homes is falling and they can't refinance.
    2008-01-16 09:35:24
  • Subpar Ratings For the Ratings Agencies - New York Sun

    Subpar Ratings For the Ratings AgenciesNew York Sun, NY - 18 minutes ago"A little over one fifth of first-lien subprime refinance loans originated in 1999 entered into foreclosure by December 2003," the study said. ...
    2008-01-16 09:39:35
  • Wealthy may be next in line in US home crisis (China Daily)

    HINSDALE, Illinois - A house in this wealthy Chicago suburb is far beyond the reach of most Americans. Privacy Policy Unfortunately, Hinsdale may also now be too expensive for some of the people who already live here.
    2008-01-16 08:28:03
  • The Home Equity Crisis Ahead (BusinessWeek)

    Even banks that dodged the subprime bullet face losses from loans based on homes now at risk
    2008-01-16 08:44:04
  • Wealthy may be next in line in US home crisis (Straits Times)

    HINSDALE - A HOUSE in this wealthy Chicago suburb is far beyond the reach of most Americans. Unfortunately, Hinsdale may also now be too expensive for some of the people who already live here.
    2008-01-16 09:06:13
  • Rights issues to rise amid credit woes – analysts (Gulf Times)

    LONDON: As companies struggle amid economic slowdown and increased borrowing costs, rescue rights issues are set to test investors’ nerves.
    2008-01-16 09:08:53
  • There's no place like home (The Trenton Times)

    TRENTON -- The cornerstone of Mayor Douglas H.
    2008-01-16 09:23:57
  • Subpar Ratings For the Ratings Agencies (The New York Sun)

    Much has been written, and there will be more to come, about the failure of Moody's Investors Service and Standard & Poor's to anticipate the subprime mortgage debacle. At the end of the day, many investors bought securities that carried an inappropriate and unexpected degree of risk, and many lost money when the securities were downgraded. This is not the first time that the ratings agencies ...
    2008-01-16 09:46:26
  • 'Back to Basics' in 2008 (The New York Sun)

    Records were shattered in 2007 in the commercial real estate arena, with more than $50 billion of commercial sales recorded in Manhattan alone. The office vacancy rate was at an all-time low; Taconic Investment Partners and New York State Retirement System sold its Class A office building at 450 Park Ave. for a record $1,560 a square foot, and residential condominiums in developments including ...
    2008-01-16 09:55:02
  • W-2 forms available early through GoWMU

    Western Michigan University Magazine - ... and can be e-mailed directly to accountants, mortgage brokers and tax service agencies." "MyW-2" also makes it easy to save W-2 forms for future reprints. ... quickly, should they ever decide to refinance or ...
    2008-01-16 12:33:00
  • Centro Properties Poised for First Advance in 2 Weeks (Update1)

    Bloomberg - ... was struggling to pay debt because of the collapse of the U.S. subprime mortgage ... Rufrano must refinance A$3.9 billion of debt with Centro's bankers by a Feb. 15 ... First and foremost, we are seeking information,'' Flaschen wrote in the e-mail ...
    2008-01-15 03:54:00
  • Fitch Affirms 3 & Revises the DR Rating of 1 Class from MCF 1998-MC1 - PR-Inside.com (Pressemitteilung)

    Fitch Affirms 3 & Revises the DR Rating of 1 Class from MCF 1998-MC1PR-Inside.com (Pressemitteilung), Austria - Jan 15, 2008Fitch Ratings revises the Distressed Recovery (DR) rating of Mortgage Capital Funding, Inc.'s (MCF) commercial mortgage pass-through certificates, ...
    2008-01-15 01:29:06