Mortgage and Financial News From 2007-11-16 Page 13

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  • MAC to seek funding to move UniTec

    Daily Journal - Kurtz tabled a request to refinance College Park housing bonds, waiting until the market stabilizes. First State Community Bank was selected to provide banking services. The Board approved the purchase of two utility vehicles (Gators) from Crown ...
    2007-11-16 08:23:00

  • Virgin, Olivant file proposals for Northern Rock

    Marketwatch - Moments earlier, a consortium led by Virgin Group said that it had lodged a formal proposal to recapitalize and refinance the struggling U.K. mortgage bank as well.
    2007-11-16 09:49:00

  • Terremark Worldwide to Present at Credit Suisse Annual Technology ...

    Forbes - ... actual results may differ materially from those set forth in the forward-looking statements due to a number of risks, ability to cross-sell across an acquired customer base, ability to increase revenue yields within facilities, ability to refinance ...
    2007-11-16 05:02:00

  • Retirement fund hits in-state goal

    MSN MoneyCentral - Through the program, the fund invests money with 16 private equity managers who seek to invest in New York businesses that need capital for growth or to refinance ownership. As of October, $271 million had been invested in 107 businesses, according ...
    2007-11-16 05:10:00

  • New York Leads Borrowers; Munis Poised to Snap Three-Week Skid

    Bloomberg - Chicago put off a nearly $1 billion borrowing for the city- owned O'Hare International Airport that was to refinance debt as well as help fund the facility's plan to reconfigure runways and boost capacity. In Louisiana, Westlake Chemical ...
    2007-11-16 05:45:00

  • Superior Offshore shares plunge after 3rd-quarter filing delay ...

    CNBC - The company is currently negotiating a term loan facility with another lender to refinance the facility. Superior said it does not expect that the issue will materially affect its previously reported results from operations. On Thursday, Superior ...
    2007-11-16 08:51:00

  • Ore. mortgage reform headed for ballot

    CNBC - But consumer advocates, and some Democrats involved in the negotiations, had been hoping for broader reforms, including new regulations on the big penalties that are charged if subprime homeowners try to refinance their mortgage. They are also ...
    2007-11-16 10:10:00

  • Oilexco, Mega Uranium, Quebecor, Trilogy: Canada Equity Movers

    Bloomberg - Quebecor World Inc. (IQW CN) fell 70 cents, or 18 percent, to C$3.20, extending its drop following this week's announcement that the company plans to refinance itself by selling about $779 million of stock and bonds. CIBC World Markets analyst ...
    2007-11-16 10:17:00

  • Traders wary of Fannie Mae's mortgage math

    MSNBC - Several analysts asked the executives in the conference call why the company couldn’t disclose what proportion of high-risk mortgages it is able to refinance into fixed-rate loans and save from default. “The problem is that we don’t have the ...
    2007-11-16 11:00:00

  • Moody's downgrades Vulcan Materials with negative outlook on increased ...

    CNBC - Vulcan intends to refinance a portion of the commercial paper issued for this transaction with senior unsecured notes of varying maturities. Moody's said its downgrade reflects the amount of debt incurred as well as Florida Rock's exposure to the ...
    2007-11-16 11:36:00

  • QUICK POLL (GlobeSt.com)

    Will Housing Slump Free up Construction Resources? BANGOR, ME-Simon Property Group has obtained an $80-million CMBS loan to refinance Bangor Mall at an advantageous fixed rate.
    2007-11-16 04:11:54

  • Thai FIDF prices 80 bln baht savings bonds (Reuters via Yahoo! Malaysia News)

    BANGKOK, Nov 16 - The Bank of Thailand's rescue arm has priced its two-tranche, 80 billion baht issue of savings bonds, and plans to use the proceeds to refinance short-term borrowings, the central bank said on Friday.
    2007-11-16 01:23:23

  • Markets will continue to feel US pain (Bangkok Post)

    The lingering sub-prime problem will continue to pressure global stock markets over the next six months as many US consumers will have to refinance their adjustable-rate mortgages, said Aberdeen Asset Management.
    2007-11-16 11:08:58

  • Water authority votes against rate hike

    Tribune-Democrat - But on Thursday, board members rejected a proposal to refinance, borrow and also ... The move involves borrowing $5 million, refinancing a $1.4 million mortgage on the ... We’ve made a decision tonight based on our best knowledge and information,” board ...
    2007-11-15 09:03:00

  • Riskier loans need warnings, Schumer says

    Times Herald-Record - Borrowers who planned to refinance before the rates jumped were trapped when housing prices ... Chuck Schumer's proposed disclosure form for mortgage applications would include the following information: • Initial interest rate and total monthly ...
    2007-11-16 07:04:00

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