Mortgage and Financial News From 2008-1-31

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  • Democrats propose new agency to deal with foreclosures

    Los Angeles Times - WASHINGTON -- Senate Democrats today demanded a much more forceful response to the crisis of home foreclosures, including the possible creation of a new government body that would purchase failing mortgages and help troubled borrowers refinance into ...
    2008-01-31 02:24:00
  • Liverpool fans launch own takeover

    Sports Illustrated - To help fund Anfield stadium's replacement in nearby Stanley Park and refinance the loan used to purchase the Reds, Hicks and Gillett last week completed a $682 million refinancing package. But the package leaves the 18-time English champion with debt ...
    2008-01-31 02:38:00
  • Lenders put brakes on second mortgages - Los Angeles Times

    Lenders put brakes on second mortgagesLos Angeles Times, CA - 3 hours ago... maximum percentage of home value to 90% from 100% and is turning down many requests from members who had hoped to refinance loans at today's low rates. ...
    2008-01-31 01:44:19
  • Tom Hunter's builder is in the money - Trading Markets (press release)

    Tom Hunter's builder is in the moneyTrading Markets (press release), CA - 2 hours ago"The ambition is to refinance when the debt markets are in a steady state. It's unrealistic to refinance in this market," said Ball. ...
    2008-01-31 02:04:06
  • Pets losing homes, humans in foreclosures - Los Angeles Times

    Pets losing homes, humans in foreclosuresLos Angeles Times, CA - 2 hours agoRefinancing wasn't an option because the house's value had fallen so much since their last refinance. They found a rental, but the landlord said "no dogs. ...
    2008-01-31 02:18:25
  • Monetary policy further tightened - The News - International

    Monetary policy further tightenedThe News - International, Pakistan - 2 hours ago“The SBP shall provide 70 per cent refinance to banks/DFIs on their disbursements under the new scheme, while the borrower has the option to borrow for ...
    2008-01-31 02:31:08
  • Will Rate Cuts Equal Relief for Homeowners? - Indiana's NewsCenter

    Will Rate Cuts Equal Relief for Homeowners?Indiana's NewsCenter, IN - 2 hours ago"If it goes down enough you would be able to refinance, and it does make sense to do that, you just have to make sure it's enough to offset the cost of ...
    2008-01-31 03:00:18
  • Macklowe in Deal to Cede Control of 7 Buildings-WSJ - Reuters

    Macklowe in Deal to Cede Control of 7 Buildings-WSJReuters - 1 hour agoMacklowe had borrowed $5.8 billion from Deutsche Bank to acquire the buildings last year and had not found a way to refinance that debt, due on Feb. ...
    2008-01-31 03:04:59
  • Centro MCS' US Syndicate Cuts Dividend as Assets Lose Value - Bloomberg

    Centro MCS' US Syndicate Cuts Dividend as Assets Lose ValueBloomberg - 1 hour ago... dividend payments as Chief Executive Officer Glenn Rufrano invites offers for the company and negotiates with bankers to refinance debt by a Feb. ...
    2008-01-31 03:23:58
  • Now's the time to refinance your mortgage - WISH

    Now's the time to refinance your mortgageWISH, IN - 1 hour agoSo, is this the time to refinance your home? Sheila Smith is a happy homeowner who likes her 3-bedroom home and quiet community. But most of all, ...
    2008-01-31 03:25:02
  • Mortgage Rates Reach 4-Year Low - WKRN

    Mortgage Rates Reach 4-Year LowWKRN, TN - 1 hour agoWith mortgage rates at their lowest levels in four years, many people are rushing to refinance or purchase a home. Mortgage rates fell Thursday, ...
    2008-01-31 03:40:44
  • Stormier Weather - Dollars & Sense

    Stormier WeatherDollars & Sense, MA - 1 hour agoWith a growing number of borrowers already owing more than their houses are worth and, so, unable to refinance, foreclosure and delinquency rates have ...
    2008-01-31 03:54:54
  • Soothing words help to ease banks’ pain - Times Online

    Soothing words help to ease banks’ painTimes Online, UK - 57 minutes agoIt has agreed to provide a “backstop facility” of up to this amount should no other institutions refinance loans to the vehicle that are coming due. ...
    2008-01-31 04:02:22
  • Macklowe Cedes Control of NYC Towers to Lenders, WSJ Reports - Bloomberg

    Macklowe Cedes Control of NYC Towers to Lenders, WSJ ReportsBloomberg - 50 minutes agoMacklowe borrowed $5.8 billion in bridge equity from Deutsche Bank to buy the properties and was unable to refinance the debt in time to make a Feb. ...
    2008-01-31 04:09:20
  • Relief comes to troubled mortgage industry - ABC12.com

    Relief comes to troubled mortgage industryABC12.com, MI - 44 minutes agoBut is it a good time to refinance? Many fixed mortgage rates haven't been this low in four years. It has some homeowners saving a lot. ...
    2008-01-31 04:16:06