Mortgage and Financial News From 2008-6-17 Page 15
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Borrowers may be spared further pain (AAP via Yahoo!7 News)
Federal Labor's first budget in 13 years has won the backing of the central bank as one that fights inflation.
2008-06-17 01:43:12 -
Inflation: what happens now (Independent)
Today's letter exchange between Bank of England Governor Mervyn King and Chancellor Alistair Darling is expected to mark the start of an extended correspondence as the cost of living surges.
2008-06-17 02:18:47 -
Regional Briefs (The Ithaca Journal)
The Strawberry Festival Committee is expanding Owego's annual Strawberry Festival and holding a Strawberry Festival Community Kick-off Night on Friday, June 20 at Marvin Park Fairgrounds, Owego.
2008-06-17 02:39:28 -
Exactech gets new $40 million line of credit - MSN MoneyCentral
GAINESVILLE, Fla. (AP) - Exactech Inc., which makes bone and joint restorations products, said Monday that it signed a new $40 million syndicated line of credit. The secured credit revolver will be used to fund future acquisitions, refinance debt and ...
2008-06-16 01:03:00 -
More Loan Forgiveness Sought - Wall Street Journal
A new law to give tax relief to homeowners who refinance a mortgage doesn't go far enough for some. The Mortgage Forgiveness Debt Relief Act of 2007 gives a tax break to a homeowner when the mortgage lender forgives debt used to buy or improve a home ...
2008-06-16 06:53:00 -
Domino effect will cost jobs - Times Online
It might look much the same, but the credit crunch has entered a difficult new phase. As one gloomy wag put it, this is not just a matter of the misery continuing; it is about the misery worsening. In a matter of days, expectations of future ...
2008-06-16 11:33:00 -
A Friend in Need - Washington Post
Angelo Mozilo's loans to the well-connected raise some questions. They should be answered. SEEKING TO refinance his Delaware beach house in 2004, Sen. Kent Conrad (D-N.D.) did what any ordinary property owner in his position would have done. On the ...
2008-06-16 11:40:00 -
Commissioners accept terms to refinance debts - North Channel Sun
Montgomery County commissioners hope an improved financial rating will help the county save money by refinancing road and construction debt and certificates of obligation, in spite of a poor bond market. Commissioners reviewed county financial data ...
2008-06-17 01:20:00 -
Skye gains from GSK Requip approval (Financial Times)
News that GlaxoSmithKline had won US regulatory approval for Requip XL sent shares in SkyePharma , which provides the technology used in the drug, up by a third on Monday.
2008-06-16 06:55:02 -
Cities fight foreclosures with unusual tactics (Lexington Herald-Leader)
Just two months ago, Aaron Brokenbough had no clout and little say when lenders moved to foreclose on his home. His Philadelphia row house was scheduled for a sheriff's sale, the end of the road for most homeowners who are behind in mortgage payments. That was before a Philadelphia court decided to step in with this unusual order: Sheriff's sales cannot go forward without a last-ditch effort ...
2008-06-16 08:10:57 -
Senator makes charitable donation to offset Countrywide mortgage break (Journal Inquirer)
WASHINGTON — One of the two Senate committee chairmen who received special treatment from Countrywide Financial Corp. has decided to donate to charity an amount equivalent to what he saved on the deal.
2008-06-16 11:24:35 -
Dominion seeking moratorium for subsidiaries (NZPA via Yahoo!7 Finance)
Dominion Finance Holdings (DFH) is considering a moratorium on payments to debenture holders after becoming concerned about the liquidity of its two subsidiaries, Dominion Finance Group (DFG) and North South Finance Ltd (NSFL).
2008-06-17 12:05:47 -
Solar use heating up (The Union)
With the sun out in force, rising energy prices and rebate deadlines approaching, a growing number of local businesses, homeowners, city governments and now churches are choosing solar power.
2008-06-17 01:06:54 -
Find the Best Deal on Refinancing Your Home (The Bradford Era)
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?
2008-06-17 01:17:56 -
Jeremy Warner's Outlook: Barclays hopes to avoid pitfalls of other banks by taking strategic-investor route (Independent)
Has Barclays found a better way of restoring balance-sheet capital than its rivals by going the strategic-investor route? The rights issues pursued by Royal Bank of Scotland, HBOS and Bradford & Bingley have been deemed such a destabilising influence that the Chancellor has asked the Financial Services Authority to examine the whole business of whether pre-emption rights best serve corporate ...
2008-06-16 05:21:15