Mortgage and Financial News From 2007-8-20 Page 19

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  • Asian stocks take a thrashing

    New Zealand Herald - Asian stocks tumbled, extending a global rout, after Australia's Rams Home Loans Group said it was unable to refinance A$6.17 billion ($7.19 billion) of debt as a credit crunch deepens. South Korea's Kospi index plunged 6.5 per cent at one stage ...
    2007-08-17 12:53:00

  • Moody's affirms Rams' Prime 1 rating

    Sydney Morning Herald - ... divisions of financial lender Rams Home Loans Group Ltd. Rams announced last week it had difficulty rolling maturing 90 day commercial paper because the US credit squeeze had tightened market liquidity. The lender sought a 180 day window to refinance ...
    2007-08-20 02:29:00

  • OVERBUILDING, BAD HOME LOANS FEED FORECLOSURE CRISIS

    Fort Worth Star-Telegram - In other cities, where home prices were soaring, overextended borrowers could simply refinance their mortgages and take out cash to stay afloat. Not so in Texas, because home values increased slowly or not at all. Now that prices are falling in ...
    2007-08-19 09:19:00

  • First Magnus troubles spell trouble for Tucson borrowers

    KVOA 4 - All those people," says Stinson, "that have bought a home on adjustable rate mortgages, with the understanding they were probably going to refinance their adjustable rate once it starts to adjust, now might not be able to refinance." There is a ...
    2007-08-19 08:46:00

  • BlueScope, Commonwealth, Gunns, Seek: Australian Equity Preview

    Bloomberg - Rams Home Loans Ltd. (RHG AU): The mortgage broker which said last week it failed to refinance A$6.17 billion of short-term U.S. debt, is a ``prime takeover target,'' said John Symond, managing director of Aussie Home Loans Ltd. Symond said he won't ...
    2007-08-19 11:31:00

  • Costello wants higher standards

    Taipei Times - Sydney-based Rams Home Loans Group Ltd last week failed to refinance A$6.17 billion (US$4.8 billion) of US short-term debt, loans it relies on for more than 40 percent of its funding. Its shares plunged 36 percent on the Australian Stock Exchange on ...
    2007-08-20 12:49:00

  • What's a borrower to do?

    Orange County Register - It used to be easy to refinance, tap into home equity for cash or get 100-percent financing for a home. No longer. So what's a borrower to do? Mortgage experts say financing is still available to the right people, under the right conditions – at a ...
    2007-08-17 12:53:00

  • Rams Loans Is `Prime Takeover Target, Aussie Home's Symond Says (Bloomberg.com)

    Aug. 19 (Bloomberg) -- Rams Home Loans Ltd., the worst performing initial public offering in Australia this year, is a ``prime takeover target,'' according to John Symond, managing director of Aussie Home Loans Ltd.
    2007-08-19 07:37:20

  • Mortgage Interest Rate Analysis

    Best Syndication - In the very beginning of the month of August the mortgage interest rates remained quite stable. Except a few mortgage program ... The material on Best Syndication is for informational purposes only and is not meant to be advice. You should always ...
    2007-08-18 12:59:00

  • Tighter rules on housing finance

    News.com.au - Treasurer Peter Costello will call today for a state-based regulatory crackdown on non-bank mortgage providers who issue ... Why not offer "interest only" mortgages to the not so well off with a "means tested" rating...Then if they cannot pay because ...
    2007-08-20 12:13:00

  • Turmoil expected to dent UK economy

    Guardian Unlimited - ... of England has closed the chapter on its campaign of interest rate rises. Publishing its latest housing market survey, property website Rightmove warned that the global credit crunch could soon start to push up mortgage rates. House prices rose only 0 ...
    2007-08-19 10:40:00

  • Real Estate: Neighborhood Homes Sold

    San Francisco Gate - The mortgage credit crunch is not only affecting interest rates that home buyers are quoted, but is triggering changes in less visible areas such as minimum credit scores, geographic location and type of properties,... COVER STORY / WHAT'S IT WORTH ...
    2007-08-19 08:50:00

  • Japan central bank injects 1 trillion yen in money markets

    MSN UK News - ... trillion yen (US$8.8 billion; euro6.5 billion) into money markets Monday in a bid to curb rises in key interest ... Investor confidence has been badly shaken over concerns that the U.S. mortgage woes will not only hurt the U.S. economy but also ...
    2007-08-20 01:18:00

  • Controlling Interest

    Kommersant - ... distribution of shares in Russian banks to understand that our bankers immediately try to sell a controlling interest ... Out of the 200 largest banks, only Moscow Mortgage Bank showed hefty liability growth (86.3%). Of the ten largest banks, only ...
    2007-08-20 12:56:00

  • Got an ARM? Time to act is now

    Everett Herald - For example, my mortgage company last year received a flyer from a company that offered to give borrowers with a 500 credit score a zero-down, "stated income," five-year, interest-only adjustable-rate mortgage (ARM). Now, I realize that's a lot of ...
    2007-08-19 04:21:00

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