Mortgage and Financial News From 2007-10-30 Page 13

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  • Adjustable-rate mortgage? Here comes the junk mail (Tacoma News Tribune)

    Obnoxious refinance junk mail has long been a reality of homeownership. The fliers land in your mailbox, sometimes several a week. They chide, they beckon, they entice.
    2007-10-30 01:37:23

  • Vimpelcom seeks loan amid GT bid talk -sources (Reuters via Yahoo! Malaysia News)

    MOSCOW, Oct 30 - Vimpelcom , Russia's No.2 mobile phone firm, aims to close syndication of a $4.5 billion loan in early December and may refinance the debt in 2008 via a Eurobond issue, a banking source said on Tuesday.
    2007-10-30 04:31:27

  • KS Partners, Apollo Real Estate refinance portfolio (BizJournals)

    KS Partners LLC and Apollo Real Estate Advisors entered into a joint venture to refinance an eight-building portfolio.
    2007-10-30 12:08:21

  • Housing in Turmoil: Some discover they can do well in the downturn

    Modesto Bee - ... said Ken Rivera, manager at American Pacific Mortgage in ... double what it was in 2001, according to DataQuick Information Systems. Rivera explained that the slump in prices and values is negative only if you're trying to sell your home or refinance ...
    2007-10-30 06:15:00

  • Fresh Del Monte Produces posts surprise third quarter profit

    Herald Tribune - ... of existing homes plunged by a record amount in September as turmoil in mortgage ... The results also included higher advertising from its About.com online information ... Countrywide said it would refinance about $10 billion in loans and modify another ...
    2007-10-30 11:23:00

  • Suspicious Package Detonated In Northville Post Office (ClickOnDetroit)

    A $50,000 reward is being offered for information on a suspicious package that was detonated Monday at the Northville Post Office.
    2007-10-30 10:38:45

  • Police Looking For Leads In Plattsburgh Robbery (WPTZ Plattsburgh)

    Plattsburgh police say they are pursuing leads and looking for information about a robbery that occurred at Adirondack Gardens.
    2007-10-30 11:27:50

  • USPS Stolen Laptop Held Hawaii Employee Information (KITV Honolulu)

    The U.S. Postal Service issues a warning to Oahu workers that a laptop with personal information was stolen.
    2007-10-29 06:07:35

  • Fitch Rates IndyMac MBS INDX $1.9B, Series 2007-AR21IP

    Forbes - Fitch Ratings has assigned the following ratings to IndyMac MBS, Inc., INDX 2007-AR21IP, residential mortgage pass-through certificates: --$1.9 billion classes 1-A-1, 1-A-2, 1-A-3, 2-A-1, 3-A-1, 4-A-1, 5-A-1, 6-A-1, 7-A-1, 7-A-2, 7-A-3, 8-A-1, 9-A-1 ...
    2007-10-30 10:26:00

  • Fall in prices triggers mortgage alarm

    Cambridge News - Because of the recent increase in mortgage rates, people are selling up. "Vendors are dropping prices in line with what is going on in the market. We are all hoping to see a drop in interest rates next year." John Pocock, managing director of Pocock ...
    2007-10-30 02:12:00

  • No rate cut would spark question of what Fed knows

    Reuters - On the other hand, some are concerned that a cut in rates would unfairly bail out investors who have been hurt by the troubles in the subprime mortgage market. Short-term U.S. interest rate futures on Tuesday showed a 94 percent chance the Fed will ...
    2007-10-30 10:19:00

  • The $915B bomb in consumers' wallets

    CNN Money - ... the times that, according to one survey last month, 6% of British homeowners have been using their credit cards to pay their mortgages. That's suicidal, of course, given that credit card interest rates are more than double even the heftiest mortgage ...
    2007-10-30 10:19:00

  • New data add to gloom on US economy

    Financial Times - US consumer confidence fell for the third month in a row, raising the pressure on the Federal Reserve to cut interest rates as evidence mounted that the danger posed by the subprime mortgage crisis and credit squeeze to the economy is spreading. The ...
    2007-10-30 08:24:00

  • Merrill Lynch chief leaves firm

    BBC Business - As mortgage defaults in this sub-prime sector hit record highs over the past year, on the back of higher US mortgage rates, the value of these securities plummeted. 'Lost its way' Analysts agreed that Mr O'Neal's departure had only been a matter of ...
    2007-10-30 08:24:00

  • Home price drop worst since June 1991: S&P

    Reuters - Home prices are likely to register a record 7 percent year-over-year drop by December, according to economists at Goldman Sachs Group Inc. Such declines would have to be paired with 0.5 to 1 percentage point drops in mortgage rates to boost ...
    2007-10-30 08:10:00

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