B&B rescued after investor pulls out
Institutional shareholders in Bradford & Bingley last night pledged to support the beleag-uered mortgage bank after Texas Pacific Group decided not to go through with a 179m cash injection.
LBO Defaults May Climb `Significantly’ as Borrowing Costs Rise, BIS Says
Leveraged-buyout loan defaults may be “significantly higher'’ than ratings companies’ estimates as about $500 billion of debt used to fund the takeovers comes due, the Bank for International Settlements said.
Barratt to close Aberdeen office and axe 1,000 staff
MORE gloom hit the UK housing sector yesterday as volume housebuilder Barratt Developments prepared to cut as many as 1,000 jobs.
Realty Q&A: Direction of interest rates critical factor in refinancing
Question: One of your recent newspaper articles suggested that homeowners wishing to refinance should prepare in advance for the next dip in mortgage interest rates.
Australia in ‘mortgage recession’
Text size + - Mortgage sizes are on the rise The volume of mortgages taken out has fallen Calculator : Work out your borrowing power THE number of mortgages taken out across the country fell for the second …
Banks adjust their rates after ECB decision
HSBC and Bank of Valletta this afternoon announced a raising of their interest rates in line with the decision by the European Central Bank to raise its reference rate to 4.25 percent.
Cash Out Refinancing Loans Vs Home Equity Loans
One of the products that some homeowners find confusing is the Cash Out Refinancing Loan.
Housing relief bill gains
A massive foreclosure rescue bill cleared a key Senate test Tuesday by an overwhelming margin, with Democrats and Republicans both eager to claim election-year credit for helping hard-pressed homeowners.
Fact Sheet: Charting a Clear Course for the Economy
Today, the Bureau of Labor Statistics released new jobs figures for June. Nonfarm payroll employment decreased by 62,000 jobs in June and the unemployment rate remained unchanged at 5.5 percent, in line with …
1,000 face axe at housebuilder Barratt
Around 1,000 jobs at housebuilder Barratt Developments are under threat as the firm struggles with a slowing housing market.
X-Rite Announces Agreement for Sale of Former Headquarters; Amendment of Promissory Note
Rite, Incorporated, a global leader in color technology, today announced that it has reached an agreement for the sale of its former headquarters and manufacturing facility located in Grandville, Michigan for …
Home-loan market in decline
ONE of the nation’s leading mortgage brokers has warned of a marked slowdown in the demand for home-loan packages, following two quarters of negative growth, while the average size of a mortgage has increased …