Mortgage and Financial News From 2008-5-20 Page 6
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Fannie CEO sees steep home-price drop (Seattle Times)
Fannie Mae's CEO told shareholders Tuesday that the housing market is "about halfway through" its crisis and home prices could fall as much as 25 percent before the worst is over.
2008-05-20 02:21:12 -
Latrell Sprewell vs. Jose Canseco - US News and World Report
Ex-NBA star Latrell Sprewell launched an impressive campaign to unseat former slugger Jose Canseco for the title of America’s least-sympathetic housing crisis victim when his Milwaukee-area home was foreclosed on last week. Sprewell spent 13 ...
2008-05-20 12:23:00 -
Panel: OK to refinance bonds - Texarkana Gazette
Texarkana, Ark., Board of Directors agreed Monday to refinance the city’s pair of outstanding bonds, taking advantage of lower interest rates. City Manager Harold Boldt estimates the move will result in an additional $2.3 million that will be used ...
2008-05-20 05:42:00 -
INTERVIEW-Libbey says could refinance debt within year - Forbes
CHICAGO (Reuters) - Libbey Inc (nyse: LBY - news - people ) could refinance roughly $500 million in high-interest debt later this year or in early 2009 if markets improve, but cannot get the rate it wants right now, the chief executive of the world's ...
2008-05-19 12:03:00 -
Senate reaches deal on housing refinance - Financial Times
Congressional efforts to tackle the US housing crisis with new legislation were bolstered yesterday when a bipartisan agreement was reached in the Senate on the terms of the intervention. After weeks of wrangling, Chris Dodd and Richard Shelby, the ...
2008-05-19 06:58:00 -
Senate panel passes housing rescue plan - Reuters
WASHINGTON (Reuters) - The Senate Banking Committee approved legislation on Tuesday that could save a half million homeowners from foreclosure and help stabilize the nation's rattled housing market. Congress is trying to stem a wave of foreclosures ...
2008-05-20 10:50:00 -
Fitch keeps MF Global ratings on watch - Forbes
Fitch Ratings said Tuesday it will keep the ratings on MF Global Ltd. on watch for possible downgrade, pending a full refinancing of a bridge loan it received when it went public in July. The futures and options broker has a short-term issuer default ...
2008-05-20 08:34:00 -
Plains Exploration & Production's existing notes upgraded to 'BB' - S ... - CNBC
MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it has raised its issue-level rating on Houston-based independent oil and gas firm Plains Exploration & Production Co.'s (PXP) existing senior unsecured debt to 'BB' from 'BB-' and ...
2008-05-20 12:30:00 -
MF Global's Baggage (Forbes)
The futures and options house is having to pay off loans, and contend with a weak quarter.
2008-05-20 11:54:13 -
Chase International agents become eco-certified (Reno Gazette-Journal)
Lake TAHOE -- Going green has evolved from a trend to a lifestyle as Americans have moved beyond simply recycling to pursing alternative energy sources and incorporating eco-savvy practices into a myriad of daily tasks. Now the real estate world is stepping up to accommodate this environmentally minded market, and Chase International agents are at the forefront of advancing earth-friendly ...
2008-05-20 11:55:41 -
CWCapital Finances $46.5 Million Corporate Center (wallstreet:online AG)
CWCapital, a full-service national lender to the commercial and multifamily real estate industries,
2008-05-20 12:04:25 -
Fed's Kohn: U.S. rates appropriate - MSN MoneyCentral
NEW ORLEANS (Reuters) - U.S. interest rates seem to be at the right level to help the sputtering economy without sparking inflation, but policy-makers need to be ready to adjust quickly in the face of a highly uncertain outlook, Federal Reserve Vice ...
2008-05-20 08:20:00 -
Economists warn householders to brace for mortgage pain - News.com.au
Sensational new documents from the Reserve Bank show the board almost pulled the trigger on a rate rise two weeks ago _ and remains on high alert. Leading economists seized on the revelation to warn householders to brace for more mortgage pain. "It ...
2008-05-20 06:40:00 -
Homes are biggest bargain since 2004 - CNN Money
NEW YORK (CNNMoney.com) -- With prices crashing around the nation, home price affordability has improved dramatically in many U.S. cities. As a result, 53.8% of all new and existing homes sold nationwide during the first three months of 2008 were ...
2008-05-20 10:00:00 -
Mortgages & homes - Mortgage features - This is Money
In a move that has bucked the recent trend for rising costs, Nationwide Building Society has cut interest rates by up to 0.3% on its fixed-rate range. Meanwhile, Abbey has also cut fixed rates by up to 0.17% and trackers by 0.05%. HSBC-owned First ...
2008-05-20 11:12:00