Mortgage and Financial News From 2007-9-24 Page 4

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  • Housing stocks down

    CNN Money - The company also said it was issuing $100 million in convertible debt in a move to refinance existing obligations. Meanwhile, existing home sales data for August is due Tuesday. Banc of America analyst Daniel Oppenheim expects a 3 percent decline. He ...
    2007-09-24 10:04:00

  • New stadium boosts Arsenal income

    BBC News - However pretax-profit dropped to £5.6m from £15.9m the year before, after taking into account a £21m one-off charge to refinance the £260m it cost to build its new stadium. Russian billionaire The past year has also seen jostling at the ...
    2007-09-24 12:13:00

  • Fannie Mae, Freddie Mac Seek to Sell Preferred Shares (Update3)

    Bloomberg - Fannie Mae may refinance some of the preferred shares that the company sold in 2004 because it can get better terms now that it isn't under pressure to sell and there are fewer questions about its health, said Jim Vogel, head of agency debt research ...
    2007-09-24 01:39:00

  • UPDATE 1-Fannie Mae says capital OK, eyes preferred stock

    Reuters - A potential preferred stock offering "is likely more related to a possible refinance of outstanding, expensive preferred callable" securities instead of the need for capital, Jim Vogel, head of agency debt research at FTN Financial, said in a ...
    2007-09-24 02:43:00

  • Landry's Restaurants, Inc. Announces Commencement of Exchange Offer

    Forbes - Some factors that could realistically cause results to differ materially from those projected in the forward-looking statements include the Company's ability to refinance its debt, ineffective marketing or promotions, competition, weather, store ...
    2007-09-24 05:42:00

  • Getting out of debt takes determination, will power

    Daily News - One of the steps to recognizing seriousness of the problem is to sit down and calculate the monthly income. Once that is done, an individual should write down the amount paid for mortgage or rent, utilities, credit card payments and any other payments ...
    2007-09-24 10:47:00

  • David Dein left out in the cold

    Daily Telegraph - The Roman Abramovich project at Chelsea is in disarray while the credit crunch is making it very difficult for Manchester United and Liverpool to refinance their huge debts. It is a situation which would have been unthinkable last season as Arsenal ...
    2007-09-24 09:17:00

  • Subprime Panic Freezes $40 Billion of Canadian Commercial Paper

    Bloomberg - They said there was no market disruption because some of Canada's biggest commercial banks were able to refinance debt. Investors began demanding yields of about 6.03 percent to own Coventree's commercial paper. On Aug. 13 the company said ...
    2007-09-24 09:39:00

  • 25 Sep, 2007, 0519 hrs IST, (The Economic Times)

    Have you refinanced your mortgage and taken a chunk of the equity in cash? Will you do so when your adjustable-rate loan resets its interest rate? If you fail to follow some little-known rules for calculating your home mortgage deduction, you may be writing off too much interest.
    2007-09-24 04:56:08

  • Attorney general forces changes in mortgage firm's advertisements

    Arizona Daily Star - Lenox Financial Mortgage has agreed not to claim the company can provide loans ... says any future advertising will include disclaimers and other qualifying information ... he says that someone who walks in with a $300,000 loan and is seeking to refinance ...
    2007-09-24 04:02:00

  • Mom Pleads For Help In Son's Abduction (WBAL-TV Baltimore)

    The mother of a 6-year-old Crofton boy believed to have been abducted by his father weeks ago is pleading for information on her son's whereabouts.
    2007-09-24 02:22:36

  • Key Chain 'Tabs' Could Assist Criminals (Local 6 Orlando)

    Plastic information tabs on your key chain can help criminals find your personal information.
    2007-09-24 09:06:06

  • Attorney general forces changes in mortgage firm's advertisements (Arizona Daily Star)

    PHOENIX — A national mortgage firm known for its extensive radio advertising campaign has agreed to make changes to its marketing.
    2007-09-24 04:44:00

  • Primary Residential Mortgage, Inc. in Full Participation of the FHA ...

    WebWire - The "FHA Secure" plan allows homeowners who have missed a payment after adjustable interest rates have reset to refinance their mortgage with the FHA at a lower rate. "Primary Residential Mortgage, Inc. is in full support of the FHA Secure initiative ...
    2007-09-24 04:59:00

  • Structured vehicles may be way forward

    Financial Times - Banks desperate for cash as they try to move stricken mortgage-related investments on to their balance sheets have bid up Libor rates to their highest levels in a decade. Meanwhile, the sudden dramatic widening of credit spreads has embarrassed many ...
    2007-09-24 08:34:00

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