Mortgage and Financial News From 2008-2-12 Page 6

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  • Ex-Pocono resident challenges Kanjorski - Pocono Record

    Ex-Pocono resident challenges KanjorskiPocono Record, PA - 47 minutes agoHe said the government should buy up mortgages of those facing foreclosure and work with homeowners to refinance the terms. "I want to keep families in ...
    2008-02-12 09:40:24

  • Program aims to help homeowners in trouble - Charleston Post Courier

    Program aims to help homeowners in troubleCharleston Post Courier, SC - 42 minutes agoSooner or later, many of these homeowners will want to change homes or refinance, he said. Good credit will make that easier. "There's a big difference ...
    2008-02-12 09:45:52

  • Vornado's Roth in Classic Fight With Macklowe - New York Sun

    Vornado's Roth in Classic Fight With MackloweNew York Sun, NY - 33 minutes agoAfter the subprime crisis froze the credit markets, though, the developer was unable to refinance, and he is now working to hammer out a deal with the ...
    2008-02-12 09:54:04

  • Firm will refinance nearly all its debt - Colorado Springs Gazette

    Firm will refinance nearly all its debtColorado Springs Gazette, CO - 18 minutes agoThe Colorado Springsbased energy company said Tuesday that it has agreed to refinance $174.3 million in debt on its North Carolina power plant and has hired ...
    2008-02-12 10:09:55

  • Businesses going bust falls - ic Wales

    Businesses going bust fallsic Wales, United Kingdom - 17 minutes ago... with insolvency appointments in decline and businesses worked together with lenders to restructure and refinance, without an insolvency event occurring. ...
    2008-02-12 10:10:56

  • Mortgagees rip ‘Band-Aid’ - The News-Press

    Mortgagees rip ‘Band-Aid’The News-Press, FL - 13 minutes agoReed is unable even to refinance the new house because banks tightened their credit standards and won't lend to a self-employed person. ...
    2008-02-12 10:14:11

  • Village Roadshow in early talks with MFS Living - egoli.com.au

    Village Roadshow in early talks with MFS Livingegoli.com.au, Australia - 8 minutes agoNot unlike many other companies struggling from the global credit squeeze, MPY is seeking to refinance $180 million of mature debt by the end of May 2007. ...
    2008-02-12 10:19:16

  • Critics say Project Lifeline is 'rhetoric' - Chicago Daily Herald

    Critics say Project Lifeline is 'rhetoric'Chicago Daily Herald, IL - 5 minutes ago"Proposals such as these do not solve the basic problem of seeing that borrowers get proper counseling before they enter into a loan or refinance an ...
    2008-02-12 10:22:55

  • (AFX UK Focus) 2008-02-13 05:22 GMT: Dollar Thrifty ratings on negative watch due to refinancing concerns - S&P (Interactive Investor)

    MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services placed its ratings on Dollar Thrifty Automotive Group Inc, including the 'B+' corporate credit rating, on a negative watch, citing refinancing risk concerns and the effect of a weaker economy.
    2008-02-12 09:50:07

  • Program aims to help homeowners in trouble (The Post and Courier)

    In an effort to throw a lifeline to the growing number of people facing foreclosure, the federal government and some the nation's largest mortgage lenders came together Tuesday to announce an initiative aimed at helping beleaguered borrowers keep their homes. Homeowners threatened with foreclosure could get a 30-day reprieve under a program dubbed "Project Lifeline." ...
    2008-02-12 09:59:27

  • Administration announces program to help homeowners threatened with foreclosure (Savannah Morning News)

    WASHINGTON - Homeowners threatened with foreclosure would in some instances get a 30-day reprieve under an initiative the Bush administration announced Tuesday. Critics attacked the proposal as far short of what is needed to resolve a serious financial crisis that is threatening millions of families with the loss of their homes.
    2008-02-12 09:59:29

  • Vornado's Roth in Classic Fight With Macklowe (The New York Sun)

    It was a classic move for Vornado Realty Trust's chairman, Steven Roth: Just months after one of his chief competitors, Harry Macklowe, scooped up seven highend office buildings in Midtown that Mr. Roth had lost in an earlier bidding war, Mr. Roth bought a chunk of the loans that Mr. Macklowe had secured to acquire the properties. If Mr. Macklowe paid off the loans, Vornado could rake in a ...
    2008-02-12 10:03:09

  • Foreclosures Rising as Share of Sold Homes in Hard-Hit Cities, Hurting Prices (The Memphis Daily News)

    WASHINGTON (AP) - A growing share of home sales are from foreclosures, especially in states hardest hit by the housing bust. In some parts o....
    2008-02-12 10:08:23

  • Businesses going bust falls (icWales)

    THE number of businesses going into administration in Wales in 2007 fell by 7% on the previous year, according to analysis by Deloitte.
    2008-02-12 10:13:55

  • Firm will refinance nearly all its debt (Colorado Springs Gazette)

    Westmoreland Coal Co. has put a planned stock offering on the back burner and instead is refinancing almost all of its nearly $290 million in debt.
    2008-02-12 10:15:58

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