Mortgage and Financial News From 2008-4-25 Page 7
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Kushner May Sell Stake in 666 Fifth Ave. Retail to Pay Down Debt (Commercial Property News)
A year after paying a record $1.8 billion for 666 Fifth Ave. in Midtown Manhattan, Kushner Cos. may sell a partial interest in the trophy tower’s coveted retail space to The Carlyle Group in order to retire short-term debt from the transaction, according to local sources.
2008-04-25 01:13:02 -
A Family's Tale of Escaping Foreclosure (NPR)
NPR first profiled the Pomales family last summer as they were fighting to save their home from foreclosure. They've found a way to keep their home by striking a deal with their lender. Many others aren't so lucky.
2008-04-25 01:14:17 -
Safford Council approves new WIFA loans (Eastern Arizona Courier)
The Safford City Council unanimously approved a new utility infrastructure loan with the Water Infrastructure Finance Authority that will enable it to complete its capital improvements plan.
2008-04-25 01:46:20 -
Super mums' hip pocket help - News.com.au
Budget measures will give working mums $3600-$7000 a year Details released to reassure angry electorate Treasurer says working mums are 'unsung heroes' THE Budget will highlight extra help for "super mums" in a bid to convince working families they ...
2008-04-25 09:04:00 -
Homeowners Convert to Costlier Fixed-Rate Loans Amid ARM Fears - Bloomberg
April 25 (Bloomberg) -- Mortgage refinancing in the U.S. is increasing as record numbers of homeowners dump their adjustable-rate mortgages for the security of a fixed loan. The amount of refinanced home loans will reach $321 billion by the end of ...
2008-04-25 06:33:00 -
Real Estate Examiner - San Francisco Examiner
If you're like millions of Americans who got a mortgage during the housing boom of the last few years, you have an adjustable rate mortgage that is either about to reset or has recently reset. (My 3/1 ARM reset last month.) We're seeing a refi boom ...
2008-04-25 07:38:00 -
Lenders raise their rates - Channel 4 News
The cost of mortgages for new borrowers continued to increase with two of the UK's biggest lenders raising their rates. Halifax and Cheltenham & Gloucester both announced they were increasing their rates by up to 0.6% for people who take out a ...
2008-04-25 10:37:00 -
NAB follows ANZ with 0.10pc rate hike - News.com.au
THE National Australia Bank has lifted its variable mortgage interest rates by 10 basis points, following a similar hike by ANZ Bank yesterday. The rise, which takes effect on Monday, will lift its standard variable home loan interest rate to 9.46 ...
2008-04-25 06:26:00 -
Existing home sales cold pick up - Lab Thomson - CNBC
NEW YORK (Thomson Financial) - Existing home sales could pick up again, thanks to the Federal Reserve's interest rate cuts that have helped keep 30-year mortgage rates at historically low levels, a Lab Thomson report said Friday. U.S. mortgage ...
2008-04-25 10:15:00 -
Columbia FTA would break down trade barriers (AG Weekly)
Trade issues typically get less media than hot-button issues like immigration, mortgage-industry challenges and energy prices. However, regulating trade between the United States and other nations is a constitutional obligation of Congress.
2008-04-25 12:14:49 -
Fitch Rates Fresno JPFA, California´s $36.7MM Lease Rev Bonds ´A+´ (wallstreet:online AG)
Fitch Ratings assigns an ´A+´ rating to city of Fresno Joint Powers Financing Authority
2008-04-25 12:21:12 -
C.A.R. Reports Sales Decreased 24.5 Percent, Median Home Price Fell 29 Percent in March (Centre Daily Times)
Home sales decreased 24.5 percent in March in California compared with the same period a year ago, while the median price of an existing home fell 29 percent, the CALIFORNIA ASSOCIATION OF REALTORS(R) (C.A.R.) reported today.
2008-04-25 12:27:08 -
TribCo debt expensive to insure (Crain's Chicago Business)
(Crain’s) — Tribune Co. CEO Sam Zell last week told investors that despite “significant erosion” in the company’s financials, he’s confident he’ll make good on his $12 billion in debt. But middlemen who provide these investors with a form of insurance against default — they ...
2008-04-25 12:37:02 -
Workshop on mortgage default tonight - Sacramento Bee
The Sacramento Housing and Redevelopment Agency is sponsoring a workshop on mortgage default and foreclosure from 6:30 to 8:30 p.m. today at Regency Park Elementary School, 5901 Bridgecross Drive in Sacramento. Representatives from banks, lending ...
2008-04-23 08:52:00 -
Mortgages: Your questions - BBC News
On Money Box Live, Vincent Duggleby will take your questions about mortgages and put them to a panel of expert guests. As the credit crunch continues, it is estimated that 1.4 million households will be coming off short-term fixed rate mortgages in ...
2008-04-23 02:07:00