Mortgage and Financial News From 2007-10-21 Page 12

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  • Mortgage-rate spikes are stunning uninformed homeowners (Pittsburgh Tribune-Review)

    The recent subprime loan difficulties have been blamed on factors ranging from predatory lending to outright greed by borrowers looking to cash in on a craze that, to their chagrin, ended abruptly.
    2007-10-20 09:10:13

  • HMN Financial, Inc. Announces Third Quarter Results

    Forbes - Yields increased primarily because of the 100 basis point increase in the prime interest rate that occurred during the first six months of 2006. Increases in the prime rate, which is the rate that banks charge their prime business customers ...
    2007-10-19 09:09:00

  • TAQA North Ltd. senior unsecured notes rated 'AA-' on Abu Dhabi ...

    AME Info - ... its 'AA-' long-term debt rating to TAQA North Ltd.'s senior unsecured fixed-rate ... unconditionally and irrevocably guaranteed as to payment of principal and interest by ... partly finance TAQA North's recently announced acquisition of Canada-based Prime ...
    2007-10-21 04:39:00

  • Global boom 'biggest since Beatles'

    Nine MSN - The story of 2007 is not the US weakening amid the sub-prime mortgage meltdown - it is the accelerating in China," Access ... Among the states, Access said NSW remains more at risk from interest rate rises than anywhere else because of its large housing ...
    2007-10-21 07:02:00

  • This could be Gordon Brown's Maastricht

    Daily Telegraph - ... wasn't even the ritual choreographed punch-up at Lisbon, to ensure that the Prime ... of parliamentary ratification will force the media and electorate to lose interest ... At any rate, such a demand, even if it were unsuccessful, would be enormously ...
    2007-10-21 01:11:00

  • Heard the one about honest politicians?

    The Australian - Five interest rate rises later and the Prime Minister and the Treasurer are both completely unapologetic. Far from it, both are busily recycling the very same tactic - simply insert the word unemployment where interest rates used to be and there you ...
    2007-10-21 07:23:00

  • Home-equity loans getting tighter, too

    San Francisco Gate - Even those loans have recently grown more expensive, though - and not just because their interest rates are typically tied to the prime rate, which has jumped in recent years. Now banks are charging interest-rate premiums of a percentage point or ...
    2007-10-19 05:56:00

  • Five arrested in connection with Lucky Dube’s murder

    Talk Radio 702 - British Prime Minister Gordon Brown says he won't attend the conference if Mugabe is invited. Writing on the ANC Today website, Motlanthe says the British government is suggesting it's morally superior to everyone else in the European Union and the ...
    2007-10-21 02:44:00

  • Worm turns against Howard

    News.com.au - Why is such an obvious winner so afraid of debating subjects of interest in front of ... Look at our neighbours, New Zealand, where the unemployment rate is 3.5% and ... any event, the victories that Beazley and Latham had in debates against our Prime ...
    2007-10-21 06:26:00

  • Interest rate rise tipped

    News.com.au - LEADING economists are warning of an interest rate rise next week as Labor and the Coalition yesterday argued over tax rates in ... The Treasurer also said yesterday he was happy for the Prime Minister to retain the leadership for at least 18 months to ...
    2007-10-21 06:55:00

  • Interest rate rise tipped (The Courier Mail)

    LEADING economists are warning of an interest rate rise next week as Labor and the Coalition yesterday argued over tax rates in five years' time.
    2007-10-21 07:00:00

  • New Hope seeks panel review of rights issue

    Age - New Hope last month lodged a $591 million scrip bid for the NSW miner just as Resource Pacific was putting the finishing touches on a planned $165 million rights issue meant to help it refinance debt and purchase equipment. Given the takeover offer ...
    2007-10-21 06:55:00

  • Goldman takes lead in race for Cheyne

    Daily Telegraph - One arrangement could see a bank refinance the Cheyne SIV, allowing it to continue trading for at least the next few years, giving it time to run off its assets. It is unclear whether the SIV's management would stay on under this scenario. Deloitte ...
    2007-10-20 04:14:00

  • HOUSING: More home sellers go short Short sales help homeowners avoid ...

    Las Vegas Review Journal - Under President Bush's plan to help homeowners trapped by subprime adjustable-rate mortgages, roughly 80,000 borrowers will be able to refinance into better and more affordable FHA-backed loans. A record $50 billion in adjustable-rate mortgages are ...
    2007-10-21 01:54:00

  • Barclays and RBS line up Fed for £15bn

    Daily Telegraph - The fund has been set up because some structured investment vehicles (SIVs) are still struggling to refinance short-term commercial paper loans because investors still have concerns about exposures to US sub-prime lending. The US Treasury has backed ...
    2007-10-20 04:57:00

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