Mortgage and Financial News From 2008-7-14 Page 3
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Allco shares rise after debt restructure (The Mercury)
FUND manager and leasing financier Allco Finance Group has refinanced its senior debt facilities with the company's standing banking syndicate.
2008-07-14 09:40:00 -
Local mortgage experts weigh in (The Post and Courier)
Charleston-area mortgage experts said Monday they expect the federal government to succeed in working out a plan to support mortgage backers Fannie Mae and Freddie Mac because of the vital role the two companies play in keeping home loans available and affordable.
2008-07-14 09:49:50 -
Bell County to issue $66.1M in bonds (Temple Daily Telegram)
BELTON - Bell County Commissioners agreed Monday to the issuance of $66.1 million in bonds that will restructure debt and help pay for a new addition at the Bell County Justice Complex on Loop 121.
2008-07-14 10:01:10 -
Fannie, Freddie Rescue Pushes Housing Aid (The Memphis Daily News)
WASHINGTON (AP) - A foreclosure aid plan that was facing a sluggish trip through Congress has a powerful new engine behind it: the Bush administration....
2008-07-14 10:02:03 -
JGB futures hit 2-month high on stock fall, BOJ eyed (Reuters via Yahoo! Philippines News)
* Treasuries rise overnight on bank worries, support JGBs
2008-07-14 08:14:02 -
Japan's 10-Year Bonds Advance a Second Day as Stocks Decline (Bloomberg.com)
July 15 (Bloomberg) -- Japan's 10-year bonds rose for a second day as concern that credit-market losses will widen prompted investors to favor the relative safety of debt.
2008-07-14 08:59:14 -
Asia stocks fall as financial sector weakens (The Economic Times)
Asian stocks fell on Tuesday, as investor confidence waned in the region's financial sector, which faces high inflation, a stricter lending environment and massive volatility from overseas markets.
2008-07-14 09:01:50 -
RPT-GLOBAL MARKETS-Asia stocks at 2-yr low on financial turmoil (Reuters via Yahoo! Malaysia News)
* Financial sector fears add to Asia market woes
2008-07-14 09:52:20 -
Experts say local housing market poised for turnaround (22 WSBT South Bend)
SOUTH BEND — A new national report shows sales of existing homes have dropped by nearly 16 percent from this time last year. But new home construction is on the rise. Some say that's a positive sign that new growth could be on the horizon.
2008-07-14 09:56:25 -
Dollar Falls on Concern Credit-Market Losses Will Damp Growth (Bloomberg.com)
July 15 (Bloomberg) -- The dollar fell against the yen and euro on speculation Federal Reserve Chairman Ben S. Bernanke and U.S. Treasury Secretary Henry Paulson will tell lawmakers credit-market losses will weigh on U.S. economic growth.
2008-07-14 09:59:15 -
Fed tosses life preserver to lenders (Connecticut Post)
Connecticut experts say the Federal Reserve Board of Governors faces some risk in throwing a life preserver to Fannie Mae and Freddie Mac, but the alternative — to let the massive lenders drown
2008-07-14 10:05:02 -
Cummings Building sold, will house lofts and more (The Standard-Times)
NEW BEDFORD — The Cummings Building, which houses the popular restaurant No Problemo on Purchase Street, has been sold to a Martha's Vineyard-based developer that plans to spiff up the exterior and convert the second and third floors to...
2008-07-14 10:07:37 -
What happens to my assets if bank fails? (Memphis Commercial Appeal)
The government's seizure of IndyMac Bank raises concerns for many consumers about whether their banks might be next.
2008-07-14 10:14:41 -
Currency: Dollar rises despite RB expectations (The New Zealand Herald)
The New Zealand dollar strengthened today mainly in response to a weak US unit, and despite rising expectation the Reserve Bank will ease rates, possibly as early as next week.
2008-07-14 10:15:58 -
Japan keeps rates unchanged on signs of slowdown (GMA News)
TOKYO - Japan"s central bank left interest rates steady Tuesday amid concerns about rising inflation coupled with increasing signs of an economic slowdown.
2008-07-14 10:16:02