Mortgage and Financial News From 2007-11-22 Page 21
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US economic worries weigh down Asia
Financial Times - Investors worried the mortgage lender might not be able to refinance some of its debt. Rams shares closed 14 per cent lower at A$0.22, compared with their flotation price of A$2.50 in July. National Australia Bank fell 2 per cent to A$40.44 after ...
2007-11-22 01:13:00 -
CREDIT Speculative-grade debt costliest in 4 years
Chicago Tribune - That difference, also known as the bond spread, means distressed companies will struggle to refinance their debt and access new capital. The costs of borrowing are higher, and investor demand for the debt is lower, Standard & Poor's said. The spread ...
2007-11-21 11:47:00 -
Asian Stocks Decline on Concern Subprime Losses Will Increase
Bloomberg - The bank is underwriter for about half of the A$6.1 billion ($5.3 billion) of short-term debt Rams has not yet been able to refinance, and said yesterday it may have to put the debt on its own balance sheet. Other financial shares in the ...
2007-11-22 12:45:00 -
RAMS Home Loans tumbles on refunding worries
Reuters - MELBOURNE, Nov 22 (Reuters) - Shares in RAMS Home Loans Group Ltd (RHG.AX: Quote , Profile , Research ) dropped as much as 22 percent on Thursday on concerns the ailing mortgage lender would not be able to refinance two debt facilities by a February ...
2007-11-22 12:59:00 -
It's back to basics for small business owners
Chelsea Standard-Heritage - I opened my business with the intention of bringing a mortgage broker to Dexter in ... all others in the state, she says that it's growing in the wake of the "refinance ... The information is quite detailed, he said, including traffic flow numbers in both ...
2007-11-21 11:44:00 -
Mortgage applications nationwide fall 3.6%
Providence Business News - ... nationwide fell back last week from the previous week’s 2007 high, as both purchase and refinance applications declined, the Mortgage ... The base period and base value for all indexes is March 16, 1990 = 100.) Additional information is available ...
2007-11-21 10:11:00 -
Australian banks say unscathed by credit crisis despite rising costs
Forbes - The subprime mortgage crisis in the US has seen the cost of borrowing in wholesale ... RAMS Home Loans Group which is struggling to refinance its short-term loans. NAB ... The content on this site, including news, quotes, data and other information, is ...
2007-11-21 10:00:00 -
Cerberus drops $4bn Chrysler bond as credit crunch bites (Belfast Telegraph)
The credit market crisis is causing three headaches for Cerberus Capital, the private equity firm named after the mythical, many-headed hound of Hades.
2007-11-21 07:11:44 -
College Board To Post Financial Aid Info On Web Site (WAPT Jackson)
Potential college students will be able to get more information next year on a Web site about financial aid programs.
2007-11-21 01:15:31 -
Nightwatch notes: Hip-hop Mozart and Ja Rule
Minneapolis Star Tribune - It looks like a good week for the resurging Visage nightclub, which is tucked between stadium construction and ... Calls at $9.85 a minute by N.D. athlete creates $47,000 dispute Mortgage rates sink to 6-month low Man hit by light-rail train, killed ...
2007-11-21 03:26:00 -
Gift-a-day: Harmonic convergence
Minneapolis Star Tribune - Know someone who has a jumble of remote controls lying around the house? For $90-$150, Harmony's universal remotes ... Calls at $9.85 a minute by N.D. athlete creates $47,000 dispute Mortgage rates sink to 6-month low Corn bin collapses with half a ...
2007-11-21 02:51:00 -
Banks lead share market lower
News.com.au - Commonwealth Bank, Australia's largest home lender, was down 37 cents to $57.63 after announcing it would raise variable mortgage rates above official cash rate rises to cover the increased funding costs caused by the US subprime crisis. The rest of ...
2007-11-21 07:15:00 -
Stocks close down after weak US lead
News.com.au - Commonwealth Bank, Australia's largest home lender, was down 10 cents to $57.90 after it announced it would raise variable mortgage rates above the official cash rate rise to cover the increased funding costs caused by the US sub-prime crisis and its ...
2007-11-21 10:43:00 -
CBA to raise interest rates
News.com.au - CBA said it has already risen rates on its fixed rate mortgage products, and that the market had followed. CBA's head of retail banking Ross McEwan said Australia's biggest home lender had raised its fixed home loan rates by 40 or 50 basis points over ...
2007-11-21 09:17:00 -
Which bank to lift loan rates?
News.com.au - THE Commonwealth Bank is ready to lift interest rates on variable home loans again, saying higher funding costs caused by the US mortgage crisis need to be passed on to customers. “Obviously our funding costs, like everyone else in the market, have ...
2007-11-21 09:17:00