Mortgage and Financial News From 2007-11-7 Page 01

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  • Macquarie Infrastructure Company Reports Third Quarter 2007 Financial ...

    MSN MoneyCentral - ... of a "make-whole" payment (net present value of future interest and principal payments foregone by the lender) and deferred financing costs totaling $12.5 million incurred in connection with the successful refinance ...
    2007-11-07 04:37:00
  • In Pictures: Ten Ways To Solve The Housing Crisis

    Forbes - ... credit markets caused the elimination of almost any loan that wasn't backed by Fannie Mae or Freddie Mac," he says. The revival of non-agency loans "will add much-needed mortgage funding to potential home buyers and folks looking to refinance." ...
    2007-11-07 10:57:00
  • Greek shares close flat as Motor Oil gains offset Intralot losses ...

    Forbes - Betting technology company Intralot led blue-chip decliners and fell 1.8 pct to 29.44 eur after it said it will raise a 300 mln eur syndicated revolving credit facility with a five year term for general corporate purposes, to refinance debt, and to ...
    2007-11-07 07:22:00
  • Houlihan Lokey exec sees defaults rising

    Reuters - ... lead to Chapter 11 bankruptcies and out-of-court restructurings, hit a recent peak of 12.7 percent in 2002, but have stayed relatively low since then, which experts generally attribute to the wide availability of cash for corporations to refinance ...
    2007-11-07 11:04:00
  • Inland Empire challenged by growth pains

    San Gabriel Valley Tribune - They are suffering from an inability to refinance. People who bought a home recently are seeing equity declines. That means there's less money to spend, so they're not as apt to make purchases." Consumers in the two-county region have been ...
    2007-11-07 08:36:00
  • Moody's May Downgrade $33 Billion of Bank Debt

    CNBC - The meltdown in the U.S. housing and subprime mortgage markets has severely pinched the ability of SIVs to raise capital or refinance maturing debt in the asset-backed commercial paper market. The potential ratings cuts affect 28 debt programs from ...
    2007-11-07 02:24:00
  • Citigroup, others on Moody's watch list

    CNN Money - SIV senior note ratings continue to be vulnerable to the unprecedented large and sustained declines in portfolio value combined with a prolonged inability to refinance maturing debt," Moody's said. Moody's said the SIVs would be hurt by "further ...
    2007-11-07 02:46:00
  • Mortgage application volume declines slightly as refinance volume ...

    CNBC - WASHINGTON - Mortgage application volume fell 1.6 percent during the week ending Nov. 2, according to the trade group Mortgage Bankers Association's weekly mortgage applications survey released Wednesday. The MBA's application index fell to 670.6 ...
    2007-11-07 04:16:00
  • Court Approves Plan Funding Commitment and Alternative Proposal ...

    Forbes - ... facility as amended and restated; the ability of the Company to obtain court approval with respect to motions in the Chapter 11 proceeding filed by it from time to time; the ability of the Company to negotiate an extension (if necessary) or refinance ...
    2007-11-07 03:22:00
  • Washington Mutual shares sink on Cuomo probe, losses

    Reuters - Delinquencies and defaults have mounted industrywide as falling home prices leave thousands of borrowers unable to refinance as rates on their adjustable-rate mortgages rise. Capital markets also seized up, saddling lenders with losses on loans that ...
    2007-11-07 03:29:00
  • Financial health of doctors group improves

    Chicago Tribune - ... to the sixth-highest rating on Moody's 21-notch scale, should help the foundation if it wants to finance capital projects or go back to the debt market for additional funding for other needs. "The rating would help us in a refunding or refinance, but ...
    2007-11-07 07:18:00
  • My iPod, My Cell, My Insulin Pump

    BusinessWeek - Get Your FREE Report! House Payments Fall Again   $180,000 Refinance for $999/Mo. See Rates - No Credit Check Required! Mortgage Refinance Rates at 4.875%   Get $225,000 home loan for $914/month. Calculate Your New Payment. No SSN Required - Act Now! ...
    2007-11-07 08:15:00
  • Compass Group Diversified Hldng assigned 'BB-' corporate credit rating ...

    CNBC - Proceeds will be used to refinance existing debt and help fund anticipated acquisitions, S&P said. The ratings reflect the risks related to the company's acquisitive growth strategy, its short track record of managing the majority of its businesses ...
    2007-11-07 10:31:00
  • Stratos Announces Third Quarter 2007 Financial Results

    PR Newswire - For more information visit http://www.stratosglobal.com Caution Concerning Forward-Looking Statements This document ... In connection with the acquisition of Xantic on February 14, 2006, we incurred long-term debt in order to refinance our ...
    2007-11-07 06:42:00
  • Washington Mutual shrs sink on losses, Cuomo probe

    Guardian Unlimited - ... as falling home prices leave thousands of borrowers unable to refinance as rates on ... Cuomo said he issued subpoenas to Fannie Mae and Freddie Mac for information on home ... The Mortgage Bankers Association estimates $1.9 trillion of originations for 2008.
    2007-11-07 03:36:00