Mortgage and Financial News From 2007-11-13 Page 11

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• New York, Chicago to Borrow With Munis Cheapest Since 2003

  Bloomberg - The deal would refinance debt as well as raise funds for the modernization program at O'Hare to reconfigure runways and boost capacity. Yields on top-rated 10-year general obligation bonds were little changed Nov. 9 at 3.85 percent, after ...
  2007-11-13 04:09:00

• Nuplex buy US resins business from German firm

  New Zealand Herald - In August it said it could suffer net losses for the full year, partly due to one-off costs incurred to refinance its debt and changes to the German tax regime. Cognis recently refinanced its 2b euros of debt, allowing the company to save about 74m ...
  2007-11-13 02:31:00

• Lending Red Flags

  WKRC - Well, I signed because they said they could refinance it in six months."   It is not legal for mortgage brokers in Ohio to tell you that you can refinance. But a self funded mortgage company, in other words, if they are making the loan directly, that ...
  2007-11-13 02:17:00

• UPDATE: Bush Repeats US Has 'Strong Dollar Policy'

  FXStreet.com - First, Bush said the government "should help people renegotiate loans" by encouraging nonprofits to contact borrowers and help them refinance "if they're creditworthy." Second, Bush said the federal government should change tax law to help borrowers ...
  2007-11-13 02:24:00

• Chile retailer La Polar to place $269 mln bond issue

  Reuters - The company said the funds raised would be used to finance investment in growth and development and to refinance financial debt. (1 UF = 19,461.42 pesos) (1 dollar = 506 pesos) (Reporting by Manuel Farias; Writing by Lisa Yulkowski, editing ...
  2007-11-13 08:26:00

• 20,000 INTERNET FANS PAY £35 TO BUY THEIR OWN CLUB

  Daily Star - The club have a small amount of debt, which the new owners plan to repay or refinance three years after the takeover.
  2007-11-13 03:50:00

• Gammon, Pacific Stratus, Quebecor World: Canadian Equity Movers

  Bloomberg - The printer, which last week reported a third-quarter loss of C$315 million said it plans to refinance itself by selling stock and bonds. The company may sell as much as C$269 million ($279.4 million) worth of shares and $400 million U.S ...
  2007-11-13 08:12:00

• Blackbird tries to take wing

  Financial Times - It has become clear no prospective bidder has the wherewithal fully to refinance Northern Rock’s borrowings from the Bank, currently about £20bn. This means bidders are expected to demand some form of continuing financial support from the ...
  2007-11-13 01:06:00

• Keystone Reports Third Quarter 2007 Results

  Forbes - ... countries, -- Operating interruptions (including, but not limited to, labor disputes, fires, explosions, unscheduled or unplanned downtime and transportation interruptions), -- The Company's ability to renew or refinance ...
  2007-11-13 01:27:00

• Enel faces higher fees over bond issue

  Financial Times - The group, which will use the money to refinance acquisitions, is the latest in a long line of companies that have been forced to pay higher interest rates since the turmoil. The company, which plans to sell €2bn in fixed and floating rate bonds ...
  2007-11-13 02:39:00

• Credit problems could persist until 2009

  CNBC - When that happens, the better-positioned borrowers can refinance into a mortgage from government agency like Fannie Mae, but weaker borrowers will default. As a result, home prices will keep declining and continue to drag on the economy, she said ...
  2007-11-13 03:50:00

• Around central Wisconsin: Homeowners beware (Wisconsin Rapids Daily Tribune)

  MADISON Some Wisconsin homeowners desperate to keep their houses have fallen prey to scam artists who falsely promise to help them avoid foreclosure, lawmakers said Tuesday. The salesmen use deceptive practices to convince homeowners to transfer ownership of their properties, which they refinance and sell for a profit, lawmakers and victims advocates said. They testified during a public hearing ...
  2007-11-13 02:55:30

• DIA nails strong bond rating (Rocky Mountain News)

  Fitch Ratings has given an "A+" rating to $356.6 million in Denver International Airport revenue bonds that will be used to refinance other debt.
  2007-11-13 02:01:02

• RLPC-Kuwait's MTC expected to refinance $1.2 bln loan-source (Reuters via Yahoo! Singapore News)

  LONDON, Nov 13 - Kuwait's Mobile Telecommunications Co is expected to refinance its $1.2 billion, one-year syndicated Islamic loan that matures in December, a banker said on Tuesday.
  2007-11-13 05:24:48

• Elderly woman battling foreclosure

  Chicago Defender - One of the mortgage companies that processed her refinance was Illinois Mortgage. She said an alleged loan for $35,000 ... A representative from CitiMortgage told the Defender they could not discuss customers' information with anyone but the mortgage ...
  2007-11-11 03:53:00

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