Mortgage and Financial News From 2008-7-3 Page 6
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LBO defaults may beat ratings agency forecasts-BIS - Reuters
LONDON, July 3 (Reuters) - Default rates for companies bought by private equity firms in leveraged buyouts (LBOs) could exceed ratings agencies' forecasts if the world economy worsens, a study group set up by the Bank for International Settlements ...
2008-07-03 02:01:00 -
LBO Defaults May Rise as $500 Billion of Debt Is Due, BIS Says - Bloomberg
July 3 (Bloomberg) -- Defaults on leveraged-buyout loans may rise as firms struggle to refinance about $500 billion of debt used to fund the takeovers, the Bank for International Settlements said. Companies bought by private-equity firms worldwide ...
2008-07-03 12:28:00 -
Mortgage rates drop, snapping a 3-week climb - CNN Money
NEW YORK (CNNMoney.com) -- Rates on 30-year fixed mortgages fell for the first time in three weeks after the Federal Reserve said last week that it expects inflation to level off, according to mortgage backer Freddie Mac. Freddie Mac ( FRE , Fortune ...
2008-07-03 10:19:00 -
SEENEWS – news report of 03.07.2008 (Girodivite)
Updated news from Balkan Europe powered by www.seenews.com Thursday 3 July 2008, by Emanuele G. - 0 letture German Media Group WAZ Enters Albanian Market via Minority Stake Acquisition Jul 03, 2008, 15:46 CET | Story | SeeNews TIRANA (Albania), July 3 (SeeNews) - Germany’s Westdeutsche Allgemeine Zeitung (WAZ) media group said it has entered the Albanian media market by acquiring a minority ...
2008-07-03 11:24:11 -
Credit crisis: mortgage conditions set to get worse, says Bank of England (Daily Telegraph)
Banks and building societies are expected to squeeze home buyers even more over the next three months, according to an authoritative report. By Harry Wallop and Myra Buttwerworth.
2008-07-03 10:04:34 -
M&F cuts fifth of workers (News 24 South Africa)
The insurance firm Mutual & Federal will slash 600 of its 3 000 positions in a bid to become more "flexible".
2008-07-03 11:29:56 -
New Zealand Dollar 2008 Q3 Outlook (Daily FX via Yahoo! Finance)
In the second quarter of 2008, the New Zealand dollar fell sharply against the world?s most heavily traded currencies on speculation that the Reserve Bank of New Zealand would have to cut interest rates faster than traders had previously expected.
2008-07-03 10:41:32 -
Stamp duty rise threatens rental supply: Opposition (Armidale Express)
Stamp duty increases on high-end properties will discourage investment and reduce the supply of affordable rental accommodation, Shadow Treasurer Bruce Flegg has warned.
2008-07-03 01:48:11 -
(AFX UK Focus) 2008-07-03 19:11 Impac to restructure financing facility, removing technical defaults (Interactive Investor)
SAN FRANCISCO (Thomson Financial) - Impac Mortgage Holdings Inc. said Thursday it plans to restructure its existing repurchase agreement financing facility with UBS Real Estate Securities Inc. The company said it will convert its sole remaining repurchase warehouse line with a current balance of $200 million to a term facility of 12 months. The facility will have extensions for up to an ...
2008-07-03 11:46:31 -
Troubled economy hits women hard (WTVM 9 Columbus)
This economic downturn is taking a particularly hard toll on women, according to some experts. The reasons: Much of the downturn is focused on the real estate market, where a disproportionately large number of women work, and substantially more women than men have subprime mortgages.
2008-07-03 01:51:41 -
Weighing refinancing as a way to end private mortgage insurance (San Jose Mercury News)
Q: Can I refinance to get rid of private mortgage insurance?A: Yes and no. If you have enough equity in your home after the cost to refinance typically 20 percent or more, you can probably get clear of private mortgage insurance.
2008-07-03 12:33:38 -
County’s jobless rate soars in May (The Hillsdale Daily News)
High unemployment is nothing new in Hillsdale County, so even though May’s jobless rate approached 10 percent, the surge followed a statewide trend.
2008-07-03 02:03:08 -
Russell sinks amid record oil, jobs data (SmallCapInvestor.com via Yahoo! Finance)
Small-cap stocks edged lower Thursday, unable to match gains registered in large-cap indices as the specter of record high oil prices and high unemployment were enough to hold back the Russell 2000.
2008-07-03 10:53:24 -
Delta and ExpressJet Announce Plans to Mutually Terminate Flying Agreement (PrimeNewswire via Yahoo! Finance)
ATLANTA, July 3, 2008 -- Delta and ExpressJet have mutually agreed to cease all ExpressJet Delta Connection operations as of Sept. 1, 2008.
2008-07-03 11:58:50 -
You are currently viewing this from 69.147.86.151 - (Fijilive.com)
WELCOME GUEST! The head of the OECD said Thursday he supported a decision by the European Central Bank to raise eurozone interest rates, insisting it would not affect growth.
2008-07-03 01:11:57