Mortgage and Financial News From 2008-2-6 Page 21

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  • Mayor Asks Senate For Home Loan Support (KGTV San Diego)

    Mayor Jerry Sanders sent a letter Wednesday to Senate Majority Leader Harry Reid, urging support for a temporary increase for conforming loan limits in high-cost housing areas like San Diego.
    2008-02-06 11:50:25

  • Great Wolf Resorts Closes $55 Million Mortgage Loan (PR Newswire via Yahoo! Finance)

    Great Wolf Resorts, Inc. , North America's leading family of indoor waterpark resorts, today announced that the company has closed on a $55 million mortgage loan. The loan is secured by the company's Great Wolf Lodge resort in Williamsburg, Virginia and bears interest at a floating rate of LIBOR plus 300 basis points, with a minimum rate of 6.50 percent per annum.
    2008-02-06 03:16:00

  • Disney, Time Warner among big movers on the New York stock markets ...

    CNBC - The luxury homebuilder's first-quarter sales dropped 22 percent, but a Banc of America Securities analyst forecast higher demand later in 2008, given lower mortgage rates and pricing. National Financial Partners Corp., down $7.95 at $29.12 The ...
    2008-02-06 11:32:00

  • Westpac and NAB may follow Commonwealth

    News.com.au - WESTPAC and National Australia Bank are considering proposals to raise mortgage rates by as much as 0.35 per cent to retrieve blowouts in their funding costs. Banking industry sources said the two majors were set to follow Commonwealth Bank's lead of ...
    2008-02-06 06:03:00

  • IBD's Top 10 - Wednesday

    CNN Money - Mortgage rates edged up for a 2nd week from multiyear lows. Newstex ID: IBD-0001-22834636 Originally published in the February 7, 2008 version of Investor's Business Daily. Copyright (c) 2008, Investor's Business Daily , Inc. All rights reserved. This ...
    2008-02-06 04:40:00

  • EU's McCreevy warns ratings agencies on structured finance

    Reuters - On Tuesday, credit rating agency, Moody's Investors Service, said it may change how it rates mortgage backed securities and other structured finance products, after criticism that its rating contributed to the global credit squeeze of the past ...
    2008-02-06 02:52:00

  • Toll Brothers 1Q Revenue Slips 22 Pct

    Seattle Times - Chief Executive Robert Toll, who months ago thought the housing market could be dancing along the bottom, said that despite historically low mortgage rates and falling home prices, a slowing economy could be spooking buyers. "Buyers seem to be hiding ...
    2008-02-06 02:24:00

  • Swan to restrain bank gouging

    News.com.au - WAYNE Swan has fast-tracked a Treasury plan to make it easier for customers to switch banks, by reducing fees, amid escalating anger at the banks' haste to raise mortgage rates faster than the Reserve Bank. The nation's largest home lender, the ...
    2008-02-06 03:07:00

  • Move your money elsewhere

    News.com.au - Treasury plan fast-tracked in wake of interest rate rise Calculator : Work out your home loan repayments More banking news in our Money section The nation's largest home lender, the Commonwealth Bank, hiked its mortgage rates by 0.3percentage points ...
    2008-02-06 04:33:00

  • US mortgage applications skyrocket

    News.com.au - US mortgage applications rose last week to the highest level in nearly four years, fuelled by demand for home purchase loans as interest rates hovered near recent lows, an industry group said overnight. The Mortgage Bankers Association said its ...
    2008-02-06 01:12:00

  • St George mortgage rates top 9pc

    News.com.au - St GEORGE Bank has boosted its standard variable interest rate by 25 basis points to 9.02 per cent, the first time in over a decade a big bank's standard variable rate has topped 9 per cent. The rate rise by St George is effective today and follows ...
    2008-02-06 05:08:00

  • Investors on the defensive as banks continue to suffer - Scotsman

    Investors on the defensive as banks continue to sufferScotsman, United Kingdom - 55 minutes agoOn a bright note, figures showed US mortgage applications rose last week to the highest level in nearly four years. The Mortgage Bankers Association said ...
    2008-02-06 05:05:14

  • Central Virginia Bankshares, 2007 EPS: YTD - $1.62 vs. $2.11; 4th ... - CNNMoney.com

    Central Virginia Bankshares, 2007 EPS: YTD - $1.62 vs. $2.11; 4th ...CNNMoney.com - 52 minutes agoThe decline is largely a result of the current interest rate environment; following stable rates in the first, second and most of the third quarter, ...
    2008-02-06 05:07:29

  • Cost of switching banks to be cut - NEWS.com.au

    Cost of switching banks to be cutNEWS.com.au, Australia - 52 minutes agoBy Scott Murdoch and Richard Gluyas The nation's largest home lender, the Commonwealth Bank, hiked its mortgage rates by 0.3percentage points yesterday, ...
    2008-02-06 05:07:29

  • Major banks lift home rates - The Age

    Major banks lift home ratesThe Age, Australia - 48 minutes agoSt George and Westpac both lifted their variable mortgage rates this morning by 25 basis points. Their moves match the increase on Tuesday in official rates ...
    2008-02-06 05:11:59

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