Mortgage and Financial News From 2007-10-17 Page 12

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  • Bush News Conference

    Washington Post - And that's why this FHA modernization bill is really important, because it'll extend the reach of the FHA and to help more people be able to refinance their homes. BUSH: Part of the issue in the housing market has been that, as a result of asset ...
    2007-10-17 10:13:00

  • UPDATE 1-U.S. Treasury wants more GSE loan securitization

    Reuters - Nason said the GSEs can play a role in helping to address current mortgage problems by providing capacity to refinance distressed loans and they can do that within the current portfolio caps. Key Democrats in Congress are considering legislation ...
    2007-10-17 01:26:00

  • RLPC-Dubai loans increased to $8 bln-bankers

    Reuters - Proceeds will be used to refinance the company's existing debt. Credit Suisse, Deutsche Bank and Royal Bank of Scotland are leading the Dubai World deal, while Barclays, Citigroup, Deutsche Bank and Royal Bank of Scotland are arranging the DP ...
    2007-10-17 02:30:00

  • Bush says no bailouts for U.S. lenders

    MSN UK News - Part of the issue in the housing market has been that, as a result of asset bundling, that it's hard sometimes for people to find somebody to talk to, to help them refinance," Bush said. "The securitization of mortgages actually provided a lot of ...
    2007-10-17 12:43:00

  • Threats to economy to carry over into 2008, says Paulson

    Times Online - He said that Freddie Mac and Fannie Mae, the government-backed mortgage enterprises, could increase flows of funds to refinance loans to sub-prime borrowers, but he emphasised that this must not mean that lax lenders could escape the consequences of ...
    2007-10-17 12:57:00

  • Fitch Rates New Jersey Sports & Exposition Authority's 2007B Bonds 'A ...

    Forbes - The bonds being offered will refinance debt associated with the existing Giants Stadium facility which will no longer qualify for tax exempt status due to agreements surrounding the construction of the new stadium facility. The 'A+' rating reflects ...
    2007-10-17 12:00:00

  • Press Conference by the President

    Forbes - And that's why this FHA modernization bill is really important, because it will extend the reach of the FHA, and to -- to help more people be able to refinance their homes. Part of the issue in the housing market has been that as a result of asset ...
    2007-10-17 12:00:00

  • Continental gains traction on rumours

    MSNBC - Traders said it was likely the company was raising new funds to refinance a recent acquisition, adding that the size of the placing would offer further evidence to support claims that capital markets across Europe were returning to normal after the ...
    2007-10-17 12:36:00

  • Bare Escentuals, Inc. Appoints Jim Taschetta as Chief Marketing ...

    Forbes - ... in a timely and cost-effective manner; the possibility that our media spending might not result in increased net sales or generate the levels of product and brand name awareness we desire; the possibility that we may be unable to repay or refinance ...
    2007-10-17 01:12:00

  • New Jersey Bonds May Be Subject to Tax, IRS Says (Update2)

    Bloomberg - The IRS has scrutinized the sale of so-called forward float agreements, like those used by the New Jersey authority and other municipal governments when they refinance bonds. Under a so-called advanced refunding, a municipality sells new ...
    2007-10-17 01:55:00

  • Auditor investigates possible error in Movie Gallery accounting

    CNBC - NEW YORK - Movie Gallery Inc. said Wednesday that its auditor is looking into whether the video-rental company incorrectly accounted for a deferred-tax liability in 2005 involving the Hollywood Video trademark. In a Securities and Exchange Commission ...
    2007-10-17 02:38:00

  • R-5 School district saves a bundle with a bond refinance; but looking ahead at possible funding cuts (Daily News-Bulletin)

    MARCELINE-R-5 Board members received a close look at their finances Monday night. Larry Hart of L.J. Hart & Company, the district's financial planning consultants, presented board members with several refunding bond options.
    2007-10-17 12:42:30

  • BAC fixes loan problem with refinance; city avoids bailout (Nevada Appeal)

    Carson City will not have to pay a $200,000 loan the Brewery Arts Center used to buy St. Teresa of Avila Catholic Church and turn it into a performance hall.
    2007-10-17 08:20:12

  • (AFX UK Focus) 2007-10-17 08:05 GMT: PuriCore sets up 20 mln usd borrowing facility to refinance existing debt (Interactive Investor)

    LONDON (Thomson Financial) - PuriCore PLC said it has arranged a new borrowing facility for 20 mln usd with Brown Brothers Harriman & Co, partly to refinance existing debt and purchase new equipment.
    2007-10-17 12:24:23

  • America’s Houses of Cards

    Turkish Weekly - Some, observing the crash of the sub-prime mortgage market, say, “Don’t worry ... Instead, easy money stimulated the economy by inducing households to refinance ... the loans onto others. (As economists would say, problems of asymmetric information ...
    2007-10-17 07:28:00

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