Mortgage and Financial News From 2008-2-20 Page 17

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  • IHFA helps potential homebuyers (Coeur d'Alene Press)

    COEUR d'ALENE -- The Idaho Housing and Finance Association has an array of new options to help homeowners, renters and people looking to own a home. It is now offering free housing counseling, refinancing and a statewide listing service for rentals.
    2008-02-20 02:13:43

  • Mortgage moves spell house price gloom (Investors Chronicle)

    A set of dreadful financial results and a bunch of write-downs relating to sub-prime exposure is not the only thing Alliance and Leicester has announced this week. It's also one of several lenders to have withdrawn 125 per cent mortgages. This is more important than you might think.
    2008-02-20 05:44:47

  • RONA Announces 2007 Results and Introduces New Initiatives to Revitalize Sales and Optimize Network (CCNMatthews via Yahoo! Finance)

    BOUCHERVILLE, QUEBEC-- - RONA inc. , the largest Canadian retailer and distributor of hardware, renovation and gardening products announced a sales increase of 7.1% in 2007 on a comparable basis .
    2008-02-20 06:21:25

  • Event to bring area borrowers, lenders together (Akron Beacon Journal)

    State leaders are sponsoring a special foreclosure program next month in Akron to offer help to area residents having trouble making their mortgage payments.
    2008-02-20 06:25:10

  • Profits at BNP Paribas plunge

    CNN - ... Central Bank -- when BNP announced that it was suspending three funds due to their exposure to U.S. subprime mortgages, made ... 6 billion pounds ($3.13 billion), up from a smaller write-down in November, while Credit Suisse, Switzerland's second ...
    2008-02-20 05:32:00

  • U.S. Stock Futures Drop; Morgan Stanley, AT&T Shares Retreat

    Bloomberg - Futures pointed to a second straight decline for the S&P 500 after oil's surge above $100 a barrel yesterday dragged down ... The S&P 500 has lost 8.1 percent this year on concern the collapse of subprime mortgages, losses at financial firms and ...
    2008-02-20 05:25:00

  • Australian shares close sharply lower on KKR report, inflation ...

    Forbes - paper for a second time. The Financial Times report triggered a massive selloff in the Australian market in the last hour of ... the brunt of the selloff amid concerns higher interest rates will trigger more loan defaults and reduce demand for mortgages. ...
    2008-02-19 10:29:00

  • UPDATE 1-US home loan demand plunges as interest rates soar

    Reuters - Adds data, details on 15-year and adjustable-rate mortgages) By Julie Haviv NEW YORK, Feb 20 (Reuters) - U.S. mortgage ... It was the second straight week that the index fell, after having risen every week since the start of the year. The index ...
    2008-02-20 05:32:00

  • Lenders call end to super-size mortgages

    This is Money - The move came with banks and building societies already withdrawing 100% mortgages. Before Christmas, a third of lenders ... A few hours later, Abbey, the second-biggest mortgage lender, and Coventry Building Society said they will scrap their ...
    2008-02-20 04:56:00

  • KKR arm in restructuring talks after repayment delay - report

    CNN Money - KFN) Holdings (KFN) has delayed repayment of billions of dollars of commercial paper for the second time, the Financial ... with one day's notice. KFN also said it had given some note-holders the option of taking a slice of the underlying mortgages in ...
    2008-02-20 01:00:00

  • KKR arm in talks after fresh repayment delays

    Financial Times - ... affiliate of the private equity group, has delayed repayment of billions of dollars of commercial paper for the second time ... KKR Pacific, one of the two funding vehicles for KFN, by two notches to A-3 because of falls in the value of the mortgages. ...
    2008-02-20 02:11:00

  • Munich Re shifts $100 mln pandemic risk to markets

    Forbes - ... 100 million of the risks it could face from a pandemic event with its first-ever mortality bond, the world's second-biggest ... The tumoil in the global financial markets emanating from the market for risky mortgages in the United States has done little ...
    2008-02-20 02:40:00

  • Time for small businesses to hunker down

    USA Today - The housing slump and credit crunch are particularly hurting smaller businesses, with 20 or 30 employees, that rely on second mortgages and equity loans to help finance their companies, according to Todd McCracken, president of the National Small ...
    2008-02-18 03:57:00

  • Ahead of the Bell: Mortgage applications

    Boston Globe - WASHINGTON— Home-loan data to be released Wednesday will show whether mortgage applications declined for the second ... at 100 at its onset in March 1990, is derived from a survey of major lenders representing about half of the U.S. mortgages ...
    2008-02-20 03:37:00

  • Subprime loans defaulting even before resets

    CNN Money - ... YORK (CNNMoney.com) -- For months, we've fretted about the Armageddon that will hit when subprime adjustable rate mortgages ... Lending had been highly profitable through the second quarter of 2005," said Youngblood, "but by 2006 many lenders were ...
    2008-02-20 04:49:00

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