Mortgage and Financial News From 2007-10-23 Page 6

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  • Countrywide to Modify $16B in Loans (San Francisco Chronicle)

    Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. Its shares fell more than 4...
    2007-10-23 07:14:18

  • Countrywide launches program to refinance mortgages (Houston Chronicle)

    Countrywide Financial Corp., the nation's largest mortgage lender, said today it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. Its shares fell more than 4 percent.
    2007-10-23 11:18:30

  • Countrywide to Modify $16B in Loans (AP via Yahoo! Finance)

    Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008.
    2007-10-23 08:24:57

  • Costello puts banks on notice (News Interactive)

    BANKS have no justification for raising interest rates because of the US sub-prime mortgage crisis, Treasurer Peter Costello says.
    2007-10-23 02:16:00

  • Barker speech puts paid to prospect of imminent rate cut (The Herald)

    Lingering hopes of an early cut in UK interest rates were dealt another hefty blow yesterday when Monetary Policy Committee member Kate Barker hammered home her belief that the global financial market crisis was unlikely to stop continued domestic house price growth.
    2007-10-23 02:37:10

  • Banks shouldn't raise rates: Costello (Hastings Gazette)

    Banks have no justification for raising interest rates because of the US sub-prime mortgage crisis, Treasurer Peter Costello says. With a federal election in less than five weeks and an interest rate rise perhaps a fortnight away, Mr Costello put lenders on notice.
    2007-10-23 03:07:29

  • U cancels classes in 3 buildings after bomb threat

    Minneapolis Star Tribune - The University of Minnesota has canceled late Tuesday afternoon and evening classes in three West Bank buildings after ... purchase of Postal Service property More flee California wildfires; death toll rises to 2 Countrywide begins program to refinance ...
    2007-10-23 02:30:00

  • Centennial Communications Completes Spectrum Purchase in Key Midwest ...

    MSN MoneyCentral - ... customers, including next generation 3G and 4G technology; our ability to generate cash and the availability and cost of additional capital to fund our operations and our significant planned capital expenditures, including the need to refinance ...
    2007-10-23 12:50:00

  • Receiver is called in at Rhinebridge

    Times Online - The receiver is likely to look at selling Rhinebridge’s assets or look for a rescuer willing to refinance the SIV. Deloitte said yesterday that it was too early to know which option was the most suitable. The SIV’s problems follow that of Cheyne ...
    2007-10-23 01:55:00

  • Stocks End Broadly Higher Following Late Rally

    CNBC - ... moved to offset worries about huge subprime writedowns by announcing a program in which it will refinance loans for borrowers facing a resetting on their adjustable interest rates. As the market continues to seesaw, analysts expect continued volatility ...
    2007-10-23 12:57:00

  • Treasuries Rise on Signs Housing Slump Hurting U.S. Economy

    Bloomberg - Countrywide said about 52,000 customers with subprime loans can refinance into prime or government-backed mortgages, which usually have lower rates, through next year, the Calabasas, California-based company said today in a statement. Another 30,000 ...
    2007-10-23 01:26:00

  • Chris Coleman endorses Hillary Clinton

    Minneapolis Star Tribune - St. Paul Mayor Chris Coleman has endorsed Sen. Hillary Clinton for president in the 2008 election, according to her ... California wildfires; death toll rises to 2 Golden Valley wants new trial in Hixon case Countrywide begins program to refinance ...
    2007-10-23 02:02:00

  • Fitch Rates PEMEX's US$1.5B Notes & $US500MM Bond Issuances 'BBB'

    Forbes - Proceeds will be used for general corporate purposes and to refinance existing debt securities. The Rating Watch is Positive. As a state-owned oil company, PEMEX's foreign currency rating remains highly linked with the sovereign. Fitch has rated ...
    2007-10-23 02:16:00

  • Countrywide to modify up to $16 billion of mortgages

    Reuters - NEW YORK (Reuters) - Countrywide Financial Corp (CFC.N: Quote , Profile , Research ), the largest U.S. mortgage lender, on Tuesday offered to refinance or modify up to $16 billion of adjustable-rate mortgages through the end of 2008 to help about 82 ...
    2007-10-23 02:52:00

  • Countrywide Moves to Ease Mortgage Misery

    BusinessWeek - On the eve of the mortgage rate resets for a swath of subprime and prime mortgages, Countrywide Financial ( CFC ) on Oct. 23 unveiled a new program that will help up to 82,000 homeowners avoid foreclosure by allowing them to refinance or modify their ...
    2007-10-23 03:06:00

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