Mortgage and Financial News From 2008-1-20 Page 11

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  • Allco Shares Have Record Fall on Concerns With Debt, Structure - Bloomberg

    Allco Shares Have Record Fall on Concerns With Debt, StructureBloomberg - 22 minutes ago17 after announcing it was struggling to refinance A$3.9 billion debt because of the collapse in the subprime mortgage market. MFS slumped 69 percent on Jan ...
    2008-01-20 06:37:52

  • Outlook strong, says Woolworths (Herald Sun)

    THE retail sector is still strong despite uncertainty affecting global share markets and inflation fears, according to Woolworths.
    2008-01-20 05:06:00

  • BHP ponders £70bn bid for rival (Guardian Unlimited)

    Business & money: · Group in talks with banks as deadline looms· Only increased offer will win over Rio Tinto board
    2008-01-20 05:26:44

  • Anfield owners hold out for windfall (Guardian Unlimited)

    Sport: Liverpool owners Tom Hicks and George Gillet are understood to want a healthy profit in any deal to sell the club to Dubai International Capital
    2008-01-20 05:41:31

  • Strong retail, says Woolworths (Adelaide Now)

    THE retail sector is still strong despite uncertainty affecting global share markets and inflation fears, Woolworths chief executive Michael Luscombe said.
    2008-01-20 05:45:00

  • City Pacific pulls plug on MFS deal (KPLC Lake Charles)

    By Victoria Thieberger MELBOURNE (Reuters) - Australian financial services firm City Pacific Ltd (CIY.AX) dropped its A$1.3 billion ($1.1 billion) plan to buy the management business of...
    2008-01-20 05:58:40

  • Australian Stocks Extend Longest Slump in 26 Years; Banks Drop (Bloomberg.com)

    Jan. 21 (Bloomberg) -- Australian shares fell for an eleventh day, extending the longest sell-off in a quarter of a century.
    2008-01-20 06:06:05

  • Foggy Future (Commercial Property News)

    The only thing certain in the CMBS market is that nothing is certain, leaving market experts scratching their heads as they enter 2008. "In years past, we were able to look ahead, but this is the foggiest year yet," said Tad Philipp, managing director for Moody's Investors Service.
    2008-01-20 06:16:21

  • Anfield owners holding out for a windfall (Guardian Unlimited)

    Football: Liverpool owners Tom Hicks and George Gillett are understood to want to land a windfall in any deal to sell the club
    2008-01-20 06:36:03

  • Allco Shares Have Record Fall on Concerns With Debt, Structure (Bloomberg.com)

    The stock fell 24 percent as of 1:06 p.m. on the Australian Stock Exchange, cutting the Sydney-based company's market value to A$1.3 billion ($1.1 billion) after earlier declining as much as 29 percent to A$3.40.
    2008-01-20 06:51:19

  • Attention focused on foreclosure crisis

    Times Reporter - The letter also will have phone numbers for loss mitigation officials at mortgage ... and federal treasuries to deal with the problem, but it’s realistic to refinance ... County Auditor’s office are partnering on a “211” program to do information and ...
    2008-01-19 03:07:00

  • Mexican housing booms despite US crisis - MiamiHerald.com

    Mexican housing booms despite US crisisMiamiHerald.com, FL - 7 hours agoAlso, few Mexicans flip homes or refinance mortgages, keeping the market stable. "Mexico doesn't have a credit issue. We can still choose our borrowers ...
    2008-01-20 10:48:53

  • John F. Wasik: Homeowners have leverage with their lenders (Asbury Park Press)

    This will be a brave new year for U.S. homeowners with adjustable-rate loans.
    2008-01-20 01:54:02

  • Day of reckoning in the US glasshouse

    Times Online - And as individuals find it increasingly difficult to make mortgage payments (as interest rates get “reset” automatically at higher rates, a built-in feature in millions of these mortgages) and as the economy slows down, the problems will spread ...
    2008-01-20 03:41:00

  • Queensland house prices top world survey

    News.com.au - With Australian homebuyers facing the prospect of another hike in mortgage interest rates next month, the Urban Development Institute of Australia described national housing affordability as "very distressing". The institute's Queensland chief ...
    2008-01-20 02:01:00

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