Mortgage and Financial News From 2007-9-14 Page 6

RSS Feed

Previous Day: 2007-09-13

Return to the mortgage news archive home.

  • Charter Communications Announces Amendment and Extension of

    MSN MoneyCentral - our ability to pay or refinance debt prior to or when it becomes due and/or refinance that debt through new issuances, exchange offers or otherwise, including restructuring our balance sheet and leverage position; ...
    2007-09-14 04:11:00
  • Northern Rock bail out

    Financial Times - The UK’s fifth biggest mortgage lender had just announced a profits warning and the previous evening went cap in hand to the Bank of England – unable to refinance its maturing liabilities in the money markets. The share price fell 25 per cent on ...
    2007-09-14 05:51:00
  • Washington Leads Municipal Borrowers in Busiest Week Since June

    Bloomberg - Miami-Dade sold $345 million of bonds to refinance higher- cost debt sold a decade ago for the largest water-and-sewer utility in the U.S. Southeast region. The Long Beach Bond Finance Authority offered tax-exempt bonds, including those ...
    2007-09-14 04:54:00
  • Takeover is now the only way to prop up the Rock

    Stockhouse Canada - Given that a bigger bank could immediately refinance the mortgage book at a profit, how much due diligence would a suitor really have to do?They don't like it up 'em Alistair Darling made an ill-judged call this week for a return to 'old-fashioned ...
    2007-09-14 04:07:00
  • Bank of England saves sub-prime victim

    The Australian - The lender made its decision because it faced pressure to refinance obligations that are due to mature in the next couple of weeks. Northern Rock executives were expected to say overnight that the bank would try to work through its difficulties with ...
    2007-09-14 04:14:00
  • Adaro Indonesia May Pay Premium to Refinance Bonds Ahead of IPO

    Bloomberg - Sept. 13 (Bloomberg) -- PT Adaro Indonesia, the nation's second-largest coal miner, may have to pay a premium to refinance $400 million of debt that's restricting expansion and a share sale, said two bankers familiar with the firm's plans. The ...
    2007-09-12 10:29:00
  • Transurban Finance's 600 mln usd syndicated bank debt rated 'A-' - S&P

    Forbes - The debt will be used to partly refinance debt facilities in the newly acquired Sydney Roads Group. Meanwhile, S&P affirmed its 'BBB+' corporate credit rating on TFC, but said the outlook on the company remains negative due to a forecast of weaker ...
    2007-09-14 07:53:00
  • Vertis Communications and American Color Graphics Announce Agreement ...

    Forbes - Currently expected to include a First Lien Revolving Credit Facility, a First Lien Term Loan Facility, an A/R Facility, and additional facilities to refinance ACG's other senior ...
    2007-09-14 08:07:00
  • TEXT-Northern Rock statement

    Reuters UK - While Northern Rock has continued to raise new funds, these have been mainly in the short term wholesale debt markets and the amounts raised have not allowed Northern Rock to refinance maturing liabilities as well as to write new business at ...
    2007-09-14 01:44:00
  • Charles H. Johnson & Associates Announce Filing of Securities Class ...

    MSN MoneyCentral - On January 17, 2007, Health Management announced a major recapitalization which was completed in March 2007 and which required the Company to borrow $3.25 billion of new debt to refinance existing debt and pay shareholders a special one-time cash ...
    2007-09-14 02:19:00
  • Beazer Homes Seeks Injunction on Default Notices (Update4)

    Bloomberg - Beazer said in August it may not be able to borrow enough money to refinance its debt if it is forced to make an accelerated repayment. The Federal Bureau of Investigation is investigating the company for potential fraud and the SEC has ...
    2007-09-14 02:27:00
  • Local mortgage rates below national average

    MSN MoneyCentral - ... 30-year fixed mortgages averaging 0.15 percentage points below the previous week's level," said Frank Nothaft, Freddie Mac vice president and chief economist. "The drop in mortgage rates may give some relief to borrowers who are looking to refinance ...
    2007-09-14 03:17:00
  • Senate housing panel to vote on FHA plan next week

    Reuters - WASHINGTON (Reuters) - The U.S. Senate panel responsible for housing finance will vote on Wednesday on a measure that could help troubled homeowners refinance into a new loan, the panel's chief said on Friday. The committee will weigh changes to the ...
    2007-09-14 03:17:00
  • Fed offers mortgage bailout

    Seattle Post Intelligencer - About 60,000 "delinquent-yet-creditworthy" mortgage borrowers will be able to refinance into FHA-insured home loans in the next year or so, an official with the Federal Housing Administration says. It's a triage operation, with the FHA aiding the ...
    2007-09-14 04:57:00
  • UPDATE 2-Enel issues $3.5 bln bonds to refinance Endesa buy

    Reuters - MILAN/LONDON, Sept 14 (Reuters) - Italian utility Enel (ENEI.MI: Quote , Profile , Research ) said on Friday it had issued $3.5 billion of bonds, drawing demand of around $6 billion, further proof that the debt market is open for investment-grade ...
    2007-09-14 01:22:00