Mortgage and Financial News From 2007-9-4 Page 15

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  • Avoiding Foreclosure

    CBS News - It's important right now for the first-time borrower, for those looking to refinance, etc. People say lenders are closing up shop overnight, literally just going away. Have backup financing in place. Have a second mortgage lined up. Go directly a big ...
    2007-09-04 07:15:00

  • AP Business NewsBrief at 12:08 p.m. EDT

    CNBC - MetroPCS, which offers prepaid phone plans, said it would also assume or refinance $2 billion of Leap debt as part of the transaction. Sony Ericsson President Stepping Down news://newsclip.ap.org/D8REMGPO1@news.ap.org LONDON (AP) _ Sony Ericsson Mobile ...
    2007-09-04 09:02:00

  • Fitch Rates American Tower's $500MM Term Loan Facility 'BB+'

    Forbes - Fitch Ratings has assigned a 'BB+' rating to American Tower Corporation's (AMT) proposed five-year $500 million senior term loan facility. Proceeds from the term loan facility will be used to refinance existing indebtedness under the senior unsecured ...
    2007-09-04 06:39:00

  • UPDATE 1-INTERVIEW-Thai PTT delays foreign bond plan

    Reuters UK - PTT, Thailand's largest listed firm with a market value of $27 billion, planned to sell 6-8 billion baht ($174-$232 million) of domestic bonds later this year, mostly to refinance debt, finance chief Pichai Chunhavajira told Reuters in an interview. ...
    2007-09-04 02:28:00

  • Ex-cricketer in talks to refinance developments

    Australian Broadcasting Corp. - A joint venture by Gold Coast businessman Mike Gore and the listed company Asian Pacific Limited is negotiating with former Test cricketer Craig McDermott to finance a number of his property development projects. Mr McDermott's Maxen Developments ...
    2007-09-03 09:35:00

  • Cedar Shopping Centers Announces Agreement to Purchase Two

    MSN MoneyCentral - ... nature and scope of development and redevelopment efforts, and market factors involved in the pricing of material and labor; the need to renew leases or re-let space upon the expiration of current leases; and the financial flexibility to refinance ...
    2007-09-04 11:47:00

  • American Tower refinances debt by borrowing $500 million

    CNBC - BOSTON - American Tower Corp., which owns and operates wireless communication towers, said Tuesday it took out a new $500 million senior unsecured loan to refinance existing debt. American Tower said it expects proceeds of $498.5 million from and ...
    2007-09-04 04:51:00

  • MetroPCS bids for Leap Wireless in stock deal

    CNET News - MetroPCS also said it would refinance $2 billion of Leap's debt as part of the deal. "We believe that the combination of MetroPCS and Leap is extremely compelling and will create significant value for the stakeholders of both companies," Roger ...
    2007-09-04 08:12:00

  • Dodd on Credit Crisis: White House Must Do More

    HispanicBusiness.com - But the president did take what experts saw as an important initiative, permitting homeowners with strong credit histories, but who are having trouble affording mortgage payments, to refinance into loans insured by the Federal Housing Administration ...
    2007-09-04 10:35:00

  • Editorial | Subprime Mortgages

    Philadelphia Inquirer - Brian Hudson, who heads the Pennsylvania Housing Finance Agency, which created HERO and a separate "refinance fund," still hopes to receive state money. For now, he is dipping into PHFA's reserve funds and reaching out to individual municipalities and ...
    2007-09-04 09:59:00

  • UPDATE 1- US regulators urge measures to head-off foreclosures

    Reuters - Bush on Friday urged lenders to help financially distressed homeowners and unveiled a proposal to allow more homeowners refinance into Federal Housing Administration-insured loans. The regulators said servicers should assess whether there was a ...
    2007-09-04 09:02:00

  • Universal enters new credit agreement

    Boston Globe - Loans made under the credit facility may be used to refinance existing debt, for working capital or for general corporate purposes, according to the filing. Concurrently, Universal terminated an existing, undrawn $500 million revolving credit facility ...
    2007-09-04 08:05:00

  • MetroPCS Offers $5.12B for Leap

    Newsday - MetroPCS, which offers prepaid phone plans, said it would also assume or refinance $2 billion of Leap debt as part of the transaction. "The combined company will create a new national wireless carrier with licenses covering nearly all of the top ...
    2007-09-04 10:06:00

  • Cricket star may get debt bailout

    News.com.au - Gold Coast businessman Mike Gore today confirmed he and founding Broncos chairman Barry Maranta had entered negotiations to refinance two of Mr McDermott's trouble-stricken Queensland developments. When Sydney-based Bridgecorp Finance collapsed in ...
    2007-09-04 07:07:00

  • Bob Bruss: Higher-rate, interest-only refinance isn't a good idea ...

    Worldnews.com - Dear Bob: I am a 51-year-old widow of eight years with three children , ages 9, 11 and 15. I earn only about $3,000 per month, and my children receive a total of $2,100 per month in Social Security benefits. I have owned my home for six years and ...
    2007-09-04 07:07:00

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