Mortgage and Financial News From 2007-10-8 Page 9

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  • Statement by Platform

    BBC News - It is not unusual for a lender to grant a 'first mortgage' for a customer in their fifties when they are taking advantage of their local authority's Right to Buy scheme. This allows existing tenants to purchase their home at a substantial discount ...
    2007-10-08 12:39:00

  • Lone Star's tender offer to acquire Accredited Home Lenders completed ...

    CNBC - DALLAS - Private equity firm Lone Star Fund V said Monday conditions to complete its tender offer for subprime mortgage lender Accredited Home Lenders Holding Co. were reached Friday. Lone Star will pay $11.75 per share to acquire the San Diego-based ...
    2007-10-08 04:18:00

  • Complete Energy's Plant Sale to KGen May Fall Apart (Update1)

    Bloomberg - Some power-plant purchases are being more closely scrutinized by banks and investors amid credit-quality concerns sparked by the subprime mortgage collapse, said Jeff Bodington of investment bank Bodington & Co. in San Francisco. Lender ...
    2007-10-08 01:08:00

  • Lone Star buys Accredited Home Lenders Lone Star to complete takeover ...

    San Diego Union-Tribune - A Texas private equity firm said this weekend that it expected to complete its takeover of struggling Accredited Home Lenders by Thursday, ending a bizarre buyout saga for the San Diego subprime mortgage lender. Lone Star said 95 percent of ...
    2007-10-08 10:09:00

  • New home lender muscles in (Independent Online)

    A new contender entered the highly competitive home loans market this week - the company, Integer, aims to give the big four banks and other players in the market a real run for their money.
    2007-10-08 02:00:11

  • Tender Offer for Accredited Completed (AP via Yahoo! Finance)

    Private equity firm Lone Star Fund V said Monday conditions to complete its tender offer for subprime mortgage lender Accredited Home Lenders Holding Co. were reached Friday.
    2007-10-08 04:23:14

  • Mortgage lender sends text updates (Channel 4)

    A mortgage lender has launched a new service to keep customers up-to-date on the progress of their application by texting them. Scottish Widows Bank said customers and their financial advisers would be sent free text messages at key stages of the mortgage application process.
    2007-10-08 09:17:04

  • Pesek: Wal-Mart cleans up its act in Asia

    Asbury Park Press - As Wal-Mart's ever-growing interest in the issue attests, Asian companies "could soon be at a disadvantage if they don't take ... On Oct. 2, Yasuo Fukuda, Japan's new prime minister, reminded investors why CLSA rates Japan one of the "clear leaders" in ...
    2007-10-06 05:57:00

  • Peer-to-peer lending grows online

    ScrippsNews - Do you charge interest? If so, how much is fair? How long should the borrower get to ... The bids with the lowest rates win. Prosper collects an origination fee from the ... of earning higher returns than they may get elsewhere, such as in a bank CD. At ...
    2007-10-08 07:17:00

  • US economy weighs on local bond prices

    The Australian - The better than expected payroll figures, as well as other recent data, have narrowed expectations that the US Federal Reserve will continue to aggressively cut interest rates. The Fed last month cut rates by 50 basis points to 4.75 per cent in an ...
    2007-10-07 08:55:00

  • Trip Tips and Deals

    Washington Post - We're giving away a Skype installation CD, a headset and a voucher for 30 free ... all price ranges in San Juan -- your wife should be able to find reasonable rates ... In the interest of saving money we decided to head to Ko Samet, the closest island ...
    2007-10-08 12:32:00

  • Dollar looking at long high tide

    The Australian - Global investors are flocking to take advantage of wider spreads between Australian and US interest rates which have occurred since the August credit squeeze. However, speculative flows into Australia are below the level seen late last year and again ...
    2007-10-08 10:02:00

  • Dollar at US90c a 'mixed blessing'

    The Australian - He said a strong domestic economy, healthy global growth forecasts and high interest rates could help the Australian dollar reach parity with the US currency within six months. The Australian dollar is not expected to reach new highs tonight because ...
    2007-10-08 10:52:00

  • Oil slides $2 as dollar recovers

    Calgary Herald - Stronger-than-expected jobs data out of the U.S. last week eased fears of a recession in the world's biggest economy and reduced the likelihood of another cut in U.S. interest rates, helping the dollar bounce back from its recent lows. "The ...
    2007-10-08 10:59:00

  • Home market giving smart buyers opportunities (The Pantagraph)

    The news in the housing sector just keeps getting worse. Most recently the National Association of Realtors reported — for the sixth consecutive month — a decline in the sales of existing single-family houses, townhouses, condominiums and co-ops in August. The association expects similar results when the numbers come in for home sales in September.
    2007-10-08 11:09:04

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