Mortgage and Financial News From 2007-10-11 Page 5

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  • Reserve Bank raises interest rate (Mail and Guardian)

    South African Reserve Bank Governor Tito Mboweni said on Thursday that the bank had decided to raise the repo rate by 50 basis points to 10,5%. The current tightening cycle that began in June last year increases to 350 basis points.
    2007-10-11 06:40:38

  • Interest rates up another 0.5% (Sunday Times)

    Big four banks have raised prime overdraft rate for home and other loans to 14percent. Households are not tightening their belts enough, according to the Reserve Bank’s Monetary Policy Committee, which voted yesterday for its seventh 0.5percentage point interest rate increase within two years.
    2007-10-11 05:24:36

  • Bank of Japan holds interest rate (The Economic Times)

    Bank of Japan kept its benchmark interest rate steady after a two-day policy meeting ended on Thursday amid lingering concerns that US credit worries may hurt economic growth here.
    2007-10-11 03:21:03

  • Make Your Money Last A Lifetime

    Insurance News Net - ... receiving benefits, you can estimate the size of the monthly Social Security check you'll get by clicking on the Calculate ... and older were below $18,000 in 2005. You could also consider downsizing to a smaller home or taking out a reverse mortgage ...
    2007-10-11 09:15:00

  • What to do with your money and when (CNN.com)

    To everything (turn, turn, turn) there is a season (turn, turn, turn) ... a time to enroll in a retirement plan and a time to withdraw, a time to put your money in savings and a time to transfer it to a money market account. Decade by decade, financial freedom can be yours -- Suze Orman swears it's not too late.
    2007-10-11 06:44:39

  • 3 colleges get MassDevelopment funds

    Boston Globe - The College of Pharmacy and Health Sciences will use proceeds from a $56 million bond issue to construct a new health science academic building and refinance some existing debt, and Wheelock plans to use some of a $42 million bond issue to build a ...
    2007-10-11 09:37:00

  • US Home Foreclosures Fall 8% in September

    CNBC - The level has climbed 99% from a year ago as the deepening housing slump hurt homeowners and investors with risky mortgages and left them unable to refinance to loans with easier terms. Decreases in September were seen across 39 states, suggesting a ...
    2007-10-11 10:48:00

  • Satmex Celebrates 10 Years with a New Spirit

    Forbes - Satelites Mexicanos, S.A. de C.V. (Satmex) celebrated its first 10 years as a leading satellite company in the continent and announced the decision of its shareholders, including the Federal Government, to capitalize the company and refinance its ...
    2007-10-11 11:53:00

  • Allegheny Energy To Refinance $89.5 Mln Of Tax-exempt Pollution ...

    RTT News - 10/11/2007 4:55:47 PM Allegheny Energy, Inc. (AYE) announced that its subsidiary, Allegheny Energy Supply Company, LLC, would refinance $89.5 million of tax exempt pollution control bonds maturing November 1, 2007, and $126 million of tax exempt ...
    2007-10-11 01:47:00

  • Fitch Rates SANLUIS Rassini Autopartes US$275MM Proposed Notes 'B'

    Forbes - The proceeds from the proposed transaction would be used to refinance bank debt of US$162.50 million at the SRA Group level, US$70 million of 8% senior notes due 2010 at the SANLUIS Co-Inter (SISA) sub-holding company level, non-restructured debt at ...
    2007-10-11 12:36:00

  • Mortgage Choice says Sept quarter 'solid'

    News.com.au - Mr Lahiff rejected recent commentary from debt collection agencies and financial advisers urging home borrowers to refinance with major banks. The pricing discount of non-bank lenders has dwindled in the past three months amid the rising cost of ...
    2007-10-11 02:02:00

  • Democrats Bid to Ease GSEs' Limits

    Wall Street Journal - WASHINGTON -- Senior Democrats in Congress said they will move to allow Fannie Mae and Freddie Mac to temporarily increase their portfolios to help borrowers with subprime loans refinance into more affordable products. Sen. Charles Schumer, of New ...
    2007-10-11 05:29:00

  • Beazer Homes Reports Surge In Cancellations of Orders

    Wall Street Journal - ... are continuing, but their scope hasn't been disclosed. (Meanwhile, Democrats in Congress yesterday said they will move to allow Fannie Mae and Freddie Mac to temporarily increase their portfolios to help borrowers with subprime loans refinance . See ...
    2007-10-11 05:51:00

  • Bush: Economy Still Strong Despite Job Concerns

    CNBC - The solution to the current housing problem "is not more government or more regulation but to help people refinance their homes."  He added that "so far the softness is regional...There are parts of our country that are doing just fine in the real ...
    2007-10-11 01:26:00

  • Allegheny Energy Announces $215 Million Bond Refinancing

    Forbes - Allegheny Energy, Inc. (NYSE:AYE) announced today that its subsidiary, Allegheny Energy Supply Company, LLC, will refinance $89.5 million of tax exempt pollution control bonds maturing November 1, 2007, and $126 million of tax exempt pollution ...
    2007-10-11 01:33:00

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