Mortgage and Financial News From 2007-10-31 Page 15

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  • Target's sales hit by housing slump

    Philadelphia Inquirer - Target is feeling the effects as borrowers with higher incomes cannot refinance at lower rates, or hold mortgages worth more than their homes' values, said Guy Cecala, the publisher of Inside Mortgage Finance, a trade newsletter. "Now we're seeing it ...
    2007-10-30 11:55:00
  • Senate backs big boost in funding for Amtrak

    Philadelphia Inquirer - The bill directs the treasury secretary to try to refinance Amtrak's $3 billion in debt and would require a new accounting system to improve Amtrak cost controls. The Senate rejected linking Amtrak's future more directly to reducing red ink. ...
    2007-10-30 11:55:00
  • Garibi hatao, eliminate the poor

    Rediff - Growth of resources for refinance of rural credit was severely constrained: the General Line of Credit which had reached a level of Rs., 6, 600 crore in 2001-01, was tapered down and totally discontinued in 2006-07. The incremental credit/ deposit ...
    2007-10-31 03:44:00
  • Ferrovial's BAA to invest 13.0 bln stg in airports over next 10 years

    Forbes - Ferrovial could refinance the debt by transferring bonds to an investment-grade credit debt structure, backed by its assets. As to the pending sale of its World Duty Free retail chain, Meiras said that the group is still undecided over whether to sell ...
    2007-10-31 03:22:00
  • Ferrovial says no problem if refinancing delayed

    Reuters - MADRID (Reuters) - The debt load of Spain's Ferrovial (FER.MC: Quote , Profile , Research ) is manageable, even if plans to refinance up to 10 billion pounds ($20.7 billion) of debt are delayed, the head of airports at the infrastructure group said ...
    2007-10-31 04:48:00
  • Tesco's senior unsecured notes rated 'A+', outlook stable - Fitch

    CNBC - Tesco, UK's largest food retailer, will use the proceeds to refinance short-term debt and for general corporate purposes. The outlook on the ratings is stable. TFN.newsdesk@thomson.com apm/ssa COPYRIGHT Copyright Thomson Financial News Limited ...
    2007-10-31 04:48:00
  • Refinance applications up 9.2% last week: MBA

    Marketwatch - CHICAGO (MarketWatch) -- The volume of mortgage applications filed last week increased a seasonally adjusted 3.8%, driven by a rise in refinancings, the Mortgage Bankers Association reported Wednesday. Application volume for the week ended Oct. 26 ...
    2007-10-31 06:29:00
  • Belgium's Telenet Communications ratings withdrawn at company's ...

    Forbes - The proceeds were used to refinance the group's senior credit facility and should also be used to fund a 656 mln eur distribution to shareholders by way of a capital reduction on or about Nov 19, the ratings agency said. TFN.newsdesk@thomson.com apm/man
    2007-10-31 05:31:00
  • Refinancing drives US mortgage applications up-MBA

    Reuters - This loan rate was the lowest since 6.13 percent in the May 11 week, helping propel the MBA's refinance index to its highest level since the week of March 9. The refinancing index jumped 9.2 percent to a seasonally adjusted 2,249.0 last week ...
    2007-10-31 07:26:00
  • Time to Stand Up to Wall Street

    Washington Post - And they know that if Citi and other big banks can't refinance the hundreds of billions of dollars of short-term IOUs issued by their off-book, offshore entities, they will have to incorporate those entities into their books and write off billions of ...
    2007-10-31 08:30:00
  • Defaults on Insured Home Mortgages Rise 22 Percent (Update4)

    Bloomberg - Falling home prices make it harder for borrowers to refinance and for lenders to recover their loans in a foreclosure. September `Deterioration' ``The speed and the depth of the deterioration we saw in the third quarter, and ...
    2007-10-31 09:27:00
  • BAA Bankers Delay Interest Increase on $14 Billion of Loans

    Bloomberg - Oct. 31 (Bloomberg) -- BAA Plc, the operator of Heathrow and Gatwick airports, persuaded its lenders to delay raising the interest rate on 7 billion pounds ($14.5 billion) of loans after missing a deadline to refinance the debt, two people involved ...
    2007-10-31 09:35:00
  • Mortgage application volume increases on surge in refinance volume and ...

    CNBC - WASHINGTON - Mortgage application volume increased 3.8 percent during the week ending Oct. 26, according to the Mortgage Bankers Association's weekly application survey. The MBA's application index increased to 681.7 from 656.5 the previous week ...
    2007-10-31 04:13:00
  • Russian Steelmaker Appeals To Putin To Help It Avoid Default (Nasdaq)

    MOSCOW -(Dow Jones)- Maxi-Group, one of Russia's largest processors of steel scrap, has appealed to President Vladimir Putin and local politicians to help it stave off a looming default, after creditors refused to refinance part of its 34-billion-ruble ($1.38 billion) debt burden.
    2007-10-31 07:55:21
  • UPDATE: Debt-Laden Russia Steel Group Appeals To Putin For Aid (Nasdaq)

    MOSCOW -(Dow Jones)- Maxi-Group, one of Russia's largest processors of steel scrap, appealed to President Vladimir Putin and local politicians Wednesday to help it stave off a looming default, after creditors refused to refinance part of its 34 billion ruble ($1.38 billion) debt burden.
    2007-10-31 08:53:51