Mortgage and Financial News From 2008-5-28 Page 11
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HEICO Corporation Announces Expanded $300 Million Credit Facility - MSN MoneyCentral
HOLLYWOOD, Fla. and MIAMI, May 28, 2008 (PRIME NEWSWIRE) -- HEICO Corporation (NYSE:HEI-A) (NYSE:HEI) has entered into an amended, senior unsecured revolving credit facility with a banking syndicate led by SunTrust Robinson Humphrey, Inc. and J.P ...
2008-05-28 04:57:00 -
ACCC to reveal FuelWatch modelling - News.com.au
THE competition watchdog is expected to release the modelling which convinced the Federal Government to go ahead with its controversial FuelWatch scheme. The government is sticking by FuelWatch amid revelations four government departments thought it ...
2008-05-28 06:09:00 -
The Sad Story of Auction-Rate Securities - Barron's Online
ALL AUCTION-RATE SECURITIES are not created equal. How much money investors get back from these instruments devastated in the recent credit crisis -- and how quickly -- will depend on who issued them. Some investors in the auction-rate securities ...
2008-05-25 05:54:00 -
Latest from the - Stateline
For people about to lose their homes to foreclosure, the advertisements are like a lifeline: “WE BUY HOUSES FOR CA$H,” or “Refinance Your Mortgage! And Receive a 7 Day Vacation.” These so-called mortgage-rescue companies promise that for a ...
2008-05-27 08:57:00 -
Tax cuts blamed for mortgage rate rises - Stuff
Big banks are pushing up some fixed mortgage interest rates and deposit rates, blaming bigger-than-expected tax cuts announced last week. But the Government says the banks have over-reacted and says the size of the tax package should not push up ...
2008-05-27 11:18:00 -
Housing market just gets uglier - USA Today
Nineteen of 20 metro areas surveyed by the S&P/Case-Shiller Home Price Index reported declines in March compared with March 2007, and six of those were off more than -20%. The Standard & Poor's/Case-Shiller nationwide housing index focuses on major ...
2008-05-26 05:52:00 -
Fixed-rate home loans demand drops - News.com.au
The 30 per cent drop in the past month follows predictions interest rates might be at or close to their peak. Fixed interest rates are popular when interest rates are expected to rise because borrowers are able to lock in set repayments. Mortgage ...
2008-05-27 07:57:00 -
FHA Loans May Be A Homeowner's Salvation - CBS 4 South Florida
MIAMI (CBS4) ― The information in this report may be extremely valuable if you are one of those people with an adjustable rate mortgage, and you haven't been able to refinance. Making this one change could save you hundreds of dollars every month ...
2008-05-27 09:40:00 -
Long waits for short sales (CNNMoney.com via Yahoo! Finance)
Banks say they want to help troubled homeowners, but they are delaying deals that could save everyone - including the lenders themselves - a lot of time and money.
2008-05-28 06:59:00 -
Core Mortgage Group, LLC Selects Guardian Mortgage Services (GMS) to Provide Outsource Fulfillment Services for Back ... (Centre Daily Times)
While some lenders are closing their doors or downsizing divisions, Scottsdale, Ariz.-based Core Mortgage Group, LLC, has made a commitment to grow by selecting Guardian Mortgage Services (GMS) to provide closing and post-closing services to support its retail operations. GMS, a national provider of back-office outsource closing services for lenders, is a division of Colorado-based Guardian ...
2008-05-28 07:05:48 -
UPDATE: Mortgage Applications Down 4.6% On Fewer Refinancings: MBA (Nasdaq)
CHICAGO (Dow Jones) -- Mortgage applications fell a seasonally adjusted 4.6% last week due to a drop in refinancing activity, the Mortgage Bankers Association said Wednesday.
2008-05-28 07:09:30 -
Under Secretary for Domestic Finance Robert K. Steel Remarks Before the President’s Advisory Council on Financial ... (United States Department of the Treasury)
- Thank you and good morning. Let me first congratulate you on a timely and important meeting. I especially want to thank the President's Advisory Council on Financial Literacy and the Subcommittee on the Underserved for organizing this meeting.
2008-05-28 07:13:37 -
Rating agencies' code of conduct strengthened (International Herald Tribune)
An international organization of securities regulators drew up a code of conduct in 2003 for the ratings industry to apply and, at a meeting in Paris this week, it was strengthened in response to lessons learned from the global credit squeeze.
2008-05-28 07:15:35 -
The Investment case For Junior Mining Companies: Fundamental View - part II (GoldSeek.com)
END.
2008-05-28 07:17:48 -
JP Morgan cuts profit view on big U.S. investment banks (Reuters)
(Reuters) - J.P. Morgan Securities cut its profit view on three large U.S. investment banks and suggested investors avoid the brokerage sector as earnings estimate continue to appear "too bullish" in the second half of 2008 and 2009.
2008-05-28 07:20:16