Mortgage and Financial News From 2007-10-3 Page 25
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State Farm agrees to drop rates by 9 percent (Sarasota Herald-Tribune)
TALLAHASSEE -- State Farm has agreed to drop its property insurance rates by 9 percent on average.
2007-10-02 04:06:01 -
Homeowners left in lurch by loan servicers
Courier-Post - With less income, Jennings feared he might lose the home he and his wife, Pearl, built near Atlanta almost 20 years ago ... executive vice president of National Community Reinvestment Coalition, an advocacy group that helps borrowers refinance or ...
2007-10-03 12:07:00 -
Board denies request
Herald-Standard - French said Gabelt wanted to refinance a home equity loan to pay the credit card debt. Authority member James S. Woleslagle said he would personally be inclined to help someone who wants to get out from under debt, but the policy doesn't allow it ...
2007-10-02 09:08:00 -
Westpac to Buy Some Assets Of Troubled RAMS
Wall Street Journal - ... Westpac Banking Corp. struck a deal to buy the brand name and distribution business of troubled nonbank lender RAMS Home ... Westpac would provide as much as A$2 billion in financing to fund new business and to refinance a proportion of RAMS's ...
2007-10-02 08:32:00 -
Australian Bank, Retail Shares Climb; Mining Stocks, BHP Fall
Bloomberg - Rams Home Loans Group Ltd. (RHG AU), the Australian lender that was rescued by Westpac Banking Corp. after failing to refinance debt in the U.S., plunged 18 cents, or 27 percent, to 48 cents. Rams sold A$291 million ($257 million) of top-rated ...
2007-10-03 12:35:00 -
RAMS Home Loans shares plunge 25pc
News.com.au - SHARES in RAMS Home Loans Group plunged today, despite the non-banker lender pricing $300 million worth of bonds and ... In a move to help RAMS get out of bother, Westpac yesterday agreed to provide it with $1.5 billion to help it refinance the $6 ...
2007-10-02 09:00:00 -
UPDATE 2-RAMS shares plunge again after Westpac deal (Reuters Finance News, Australia via Yahoo!7 Finance)
SYDNEY, Oct 3 (Reuters) - Shares in Australian mortgage lender RAMS Home Loans Group Ltd RHG.AX tumbled another 27 percent on Wednesday on concern it may still struggle to refinance billions of dollars in debt, despite securing some support from a major bank.
2007-10-02 09:54:15 -
UPDATE 3-Australia's RAMS dives again despite Westpac deal (Reuters Finance News, Australia via Yahoo!7 Finance)
SYDNEY, Oct 3 (Reuters) - Shares RAMS Home Loans Group Ltd RHG.AX fell a further 27 percent on Wednesday on fears the Australian mortgage lender, hit the U.S. subprime market crisis, will struggle to refinance its debts despite securing support from a major bank.
2007-10-03 12:45:23 -
Housebuilders lead bounce as credit fears ease
Times Online - ... UBS and Citigroup having taken write-offs, the worst of the credit crunch fallout may be out of the way. JPMorgan added to the mood by stating that UBS had "kitchen-sinked" its bad ... lapses as expected on Thursday, and HBOS, the owner of the mortgage ...
2007-10-02 08:36:00 -
Asian Stocks Advance, Extending Record; Nikko Cordial Gains
Bloomberg - Central Deposit Insurance Corp., the Taiwan government's bad-debt agency, agreed ... the island's banking laws to allow lenders to exclude revolving credit borrowed ... since July on confidence that contagion from subprime, or higher risk, mortgage ...
2007-10-02 11:38:00 -
Asian markets overcome early losses; Singapore, Hong Kong, Indonesia ...
Forbes - ... keep declining in the coming months -- bad news for the economy, but good news for those hoping for another interest rate cut. Treasuries rose, sending yields used as a benchmark for mortgage and ... which have been beaten down since the summer credit ...
2007-10-02 11:16:00 -
Gross: Big Losers in the Subprime Mess
MSNBC - ... 2007 - U.S. financial institutions have been hard hit by the subprime-mortgage mess ... speaking, however, the financial complex has collectively weathered the credit ... In July, IKB, a German business lender, came a cropper on bad subprime bets ...
2007-10-02 04:57:00 -
Bad news is good news ...
CNN Money - ... the first day of the fourth quarter, two of the largest financial companies in the world told Wall Street the bad ... Still, the positive fundamentals that helped Wall Street get through the initial shock of the credit and mortgage market crisis ...
2007-10-02 02:55:00 -
Treasurys turn higher
CNN Money - Perhaps this reflects, as some analysts suggest, a 'the worst of the housing-mortgage-credit crisis is over' relief rally," Gregory said. Investors may have concluded that any bad news will only intensify pressure on the Federal Reserve to drop rates ...
2007-10-02 01:44:00 -
Spector Ousted by Cayne Over Too Much Bridge, Money (Update1)
Bloomberg - ... to the asset management division from the bond desk and set up the High Grade Structured Credit Strategies Fund. The fund bought mostly subprime-mortgage ... risk analyzer, assessor, controller, and that's trashed, well, you have got to feel bad ...
2007-10-02 10:55:00