Mortgage and Financial News From 2008-5-16 Page 2
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Paulson cites housing as ‘biggest risk’ - Financial Times
Hank Paulson on Friday said that housing remained “the biggest risk” to the US economy, as new data showed construction of family homes dropping to the lowest level in 17 years. Speaking at a conference in Washington, the US Treasury secretary ...
2008-05-16 05:50:00 -
Mortgage Lenders seeks more time to negotiate plan - Forbes
Mortgage Lenders Network USA Inc. says its needs more time to negotiate a Chapter 11 plan so it can work out a deal with its largest secured creditor, GMAC 's Residential Funding Co. Key meetings are scheduled for the coming weeks that may set the ...
2008-05-16 02:51:00 -
IN BAD COMPANY: The Old Titans All Collapsed. Is the U.S. Next? - Washington Post
Back in August, during the panic over mortgages, Alan Greenspan offered reassurance to an anxious public. The current turmoil, the former Federal Reserve Board chairman said, strongly resembled brief financial scares such as the Russian debt crisis ...
2008-05-16 06:26:00 -
Report: SoCal developer Maguire to end bid to buy company - San Francisco Gate
del.icio.us Developer Robert Maguire has abandoned efforts to buy back the company that bears his name and is on the verge of being replaced as its chief executive and chairman, The Wall Street Journal reported on its Web site Friday. Maguire ...
2008-05-16 04:10:00 -
IndyMac decision thwarts Alesco’s financials - Philadelphia Inquirer
Alesco Financial Inc. is taking a financial hit from a large mortgage lender's decision to defer interest payments on a type of complicated security at the core of the credit crisis. The Philadelphia specialty-finance company said the five securities ...
2008-05-15 02:59:00 -
Calamos Announces Auction Rate Preferred Refinancing for Calamos - MSN MoneyCentral
Calamos Convertible Opportunities and Income Fund ( CHI ) Stock Quote , Chart , News , Add to Watchlist - Calamos Convertible and High Income Fund CHY to refinance $350 million of outstanding auction rate preferred securities. - The funds will use ...
2008-05-15 03:07:00 -
Elusive housing bill inches forward - CNN Money
NEW YORK (CNNMoney.com) -- Key lawmakers spent Thursday trying to broker a deal on a bill that would allow the government to insure up to $300 billion of home loans and overhaul oversight of key players in the mortgage industry. By the end of the day ...
2008-05-16 05:04:00 -
BAA creditors hire advisors for debt deal - source - Reuters
LONDON, May 15 (Reuters) - Creditors of British airport operator BAA, owned by Spain's Ferrovial (FER.MC: Quote , Profile , Research ), have mandated investment bank Houlihan Lokey and law firm Kirkland & Ellis to advise them in a potential debt ...
2008-05-15 01:23:00 -
Secretary Paulson Remarks on Credit Markets and Housing - Washington Post
The Washington Post's annual report on the D.C. area's top businesses. The housing correction began in 2006, and most forecasters expect a prolonged period of adjustment. Four points sum up my current view of the progress of that correction and our ...
2008-05-16 10:05:00 -
Auto briefs - Detroit News
WASHINGTON -- Ford Motor Co . is recalling more than 655,000 Ford F-150 and Lincoln Mark LT pickup trucks to fix a hose that could affect the vehicles' braking power. The automaker is issuing the recall of 2005-2006 versions of the trucks with 5.4 ...
2008-05-15 12:51:00 -
Interest rates falling on jumbo loans - Santa Cruz Sentinel
Months after many eager homeowners starting gearing up to refinance their mortgages, interest rates for Bay Area-sized mortgages are finally falling. Lower rates may at last bring the savings many owners and would-be home buyers have been looking for ...
2008-05-16 05:50:00 -
Paulson Boosts Housing Bill - Forbes
U.S. Treasury Secretary Henry Paulson has indicated his support for passing housing legislation currently being negotiated in the Senate, after the House of Representatives passed its version last week. "The House has passed a bill that makes good ...
2008-05-16 03:12:00 -
Qataris face £100m demand to support care homes group - Daily Telegraph
Bankers to Four Seasons, one of Britain's biggest nursing home chains, are demanding its Qatari government owners inject more than £100m of cash to stabilise the business. Paul Taylor, who heads Three Delta, the Qatari Investment Authority's UK ...
2008-05-16 03:55:00 -
HIGHLIGHTS Outlook of US economic indicators to be released in the ... - Forbes
WASHINGTON (Thomson Financial) - The following are the preliminary consensus forecasts compiled by Thomson Reuter's IFR Markets for the major US economic indicators to be released in the coming week. The coming week will be light with economic ...
2008-05-16 12:56:00 -
Business events and economic reports next week - Boston Globe
WASHINGTON -- Treasury bill auction. CAMDEN, N.J. -- Campbell Soup Co. releases third-quarter financial results. MOORESVILLE, N.C. -- Lowe's Cos. releases first-quarter financial results. TUESDAY, May 20 WASHINGTON -- Labor Department reports on ...
2008-05-16 12:28:00