Mortgage and Financial News From 2007-8-19 Page 22
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Australian Lenders Face Short-Term Funding Woes, Moody's Says
Bloomberg - Rams Home Loans Group Ltd. yesterday fell 36 percent to 86.5 cents on the Australian Stock Exchange after the non-bank lender failed to refinance A$6.17 billion ($4.8 billion) of U.S. dollar securities and sought emergency funding. It rose 17.5 cents ...
2007-08-16 12:54:00 -
Market turmoil grows as leading US lender seeks emergency aid
Guardian Unlimited - ... Billiton and Rio Tinto plunged on fears that a construction slowdown will hit demand for raw materials. The price of crude oil dropped $2.88 a barrel to $70.47. In Australia, mortgage company Rams Home Loans revealed it had been unable to refinance A ...
2007-08-17 09:24:00 -
Regional stocks drop for fourth week straight
Taipei Times - Rams Home Loans Group Ltd plunged after the Australian company failed to refinance short-term US loans. "It's not clear how long the subprime turmoil will continue so financial shares will be sold until this problem is solved completely," said ...
2007-08-19 12:29:00 -
Foreclosure-rescue deals snag troubled homeowners
Norfolk Virginian-Pilot - ... be able to provide last-minute help. One referred her to a Chesapeake company, which urged her to come to its office immediately. The company, CFF Properties, told her that she would be able to hold on to her home and promised to help her refinance ...
2007-08-19 12:29:00 -
Global stocks skid, yen gains as credit fears grip
Worldnews.com - Stocks: 2-day fall gathers steam International Herald Tribune TOKYO : Asian stocks tumbled to their lowest since March after Rams Home Loans Group , of Australia , said it was unable to refinance $5 billion of debt amid a widening credit crunch. South Korea ...
2007-08-19 03:28:00 -
Mortgage pinch causes domino effect of pain
USA Today - We're supposed to refinance soon, and I don't know what we're going to do." There are a lot of homeowners and home buyers who, like the Mendezes and the Browns in Yelm, Wash., are unsure of the future, hoping the mortgage market calms down soon. For ...
2007-08-16 12:54:00 -
Rams battered by failure to sell debt
Financial Times - Shares of Rams Home Loans were battered on Thursday after the Australian residential home loan provider failed to refinance hundreds of millions of dollars of short-term debt because of turmoil in the credit markets. The shares fell as much as 60 per ...
2007-08-16 05:58:00 -
Foreclosures soaring in Stark
Independent - If a home’s value has dropped, it is more difficult for its owner to refinance from a mortgage with an adjustable rate to a low, fixed rate, she said. Marcelli feels pinched by circumstance. “In my situation, it is not because of anything I did ...
2007-08-19 12:36:00 -
RAMS borrowers face rate hike
News.com.au - SHARES in RAMS have more than halved this morning, with investors panicking because the home-loans company failed to refinance its short-term debt overnight. And the broader market is again down sharply. The All Ords was 205.5 points lower at 5596 a ...
2007-08-16 12:54:00 -
Australian lender fails to refinance 5 billion US dlrs debt (AFP via Yahoo! Asia News)
SYDNEY (AFP) - Australian home loan group RAMS said Thursday it had failed to refinance 6.17 billion dollars (five billion US) in debt as fallout from a US mortgage credit crunch starved the market of liquidity.
2007-08-16 07:10:00 -
Australian home lender in trouble (Calcutta News)
Shares in Australian mortgage firm Rams Home Loans Group has plunged 60 per cent after it failed to refinance US$5 billion in debt due to a credit squeeze in the U.S.
2007-08-17 03:10:31 -
Rams Unable to Refinance Short-Term U.S. Debt on Credit Crunch (Bloomberg.com)
Aug. 16 (Bloomberg) -- Australia's Rams Home Loans Group Ltd. has been unable to refinance A$6.17 billion ($5 billion) of short-term U.S. loans because of a ``lack of market liquidity'' caused by the global credit rout.
2007-08-16 01:18:35 -
Why You Should Refinance Now If You Have an Adjustable Rate Mortgage (The Bradford Era)
(ARA) - If you took out a mortgage on your home between 2002 and 2005, chances are good you ended up going with an adjustable rate mortgage or ARM. Back then, it was just too good of a deal to pass up.
2007-08-18 08:19:53 -
Ilyce Glink: Right refinance option can make retirement dreams a reality (San Antonio Express-News)
Q: I want to refinance my home and use the money to fix up my house. I'd replace my deck, add a screened porch, and either landscape the front yard or put in a laundry room.
2007-08-18 12:16:04 -
Rams Home Loans Fails to Refinance Debt; Shares Slump (Update1) (Bloomberg.com)
Aug. 16 (Bloomberg) -- Rams Home Loans Group Ltd., an Australian lender that went public last month, failed to refinance short-term debt as buyers shun credit markets on concern that subprime losses will deepen.
2007-08-16 01:48:25