Mortgage and Financial News From 2007-11-30 Page 28
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More owners losing houses
St. Petersburg Times - Tighter lending standards and the ongoing housing slump are making it harder for homeowners who can't afford their mortgage payments to sell their homes or refinance. Many homeowners with adjustable-rate mortgages are also facing steep monthly ...
2007-11-29 09:01:00 -
Providence Resources secures $250 mln loan
Reuters UK - Providence (PRRq.L: Quote , Profile , Research ) said in a statement the five-year revolving credit facility would refinance and replace a 50 million euro ($74.04 million) loan from Macquarie made in 2006. It said $25 million would be used for working ...
2007-11-29 11:24:00 -
Officials act to forestall foreclosures Worries grow in political ...
Los Angeles Times - Among the ideas that have been floated are encouraging lenders to extend low "teaser" rates on adjustable-rate mortgages to permit borrowers more time to refinance as well as quickly moving borrowers who are up to date on their adjustable-rate ...
2007-11-29 10:12:00 -
Infogrames H1 net loss shrinks 34 pct - UPDATE
Forbes - Infogrames said it is looking at ways to refinance its debt and to pay for its estimated 65-75 mln eur additional operating and investment needs for the next 12 months. The company's 51 pct owned US unit Atari Inc said earlier this month that it will ...
2007-11-29 10:48:00 -
Providence Resources agrees new 250 mln usd revolving credit facility
Forbes - LONDON (Thomson Financial) - Providence Resources PLC said it has agreed a 250 mln usd senior first lien secured revolving credit facility with Macquarie Bank Ltd to replace and refinance the previous line of credit it had with the bank, which was ...
2007-11-29 11:31:00 -
Paulson Seeks Accord With Banks to Refinance Subprime Mortgages (Bloomberg.com)
Nov. 29 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson is trying to forge an agreement with lenders to stem a surge in foreclosures by giving troubled borrowers more affordable loans, according to people familiar with a meeting he led today.
2007-11-29 06:27:41