Mortgage and Financial News From 2008-1-1 Page 01
Previous Day: 2007-12-31
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Through the roof
Pocono Record - ... than they are worth in the local market, falsification of sales documents, undisclosed second mortgages hidden from buyers and the primary lenders, and onerous loan terms such as balloon payments and prepayment penalities if buyers try to refinance ...
2008-01-01 09:19:00 -
Centro seeks buyers for U.S., Australian assets
Marketwatch - Last month, shares of Centro fell more than 90% in two days after the group said it was struggling to refinance short term debt it took on to finance its $6.2 billion acquisition of New Plan Excel, a large holder of strip malls in the U.S.
2008-01-01 10:16:00 -
Centro seeks investors
News.com.au - ... Centro Properties Group's value has been savaged by 76 per cent after claiming it may be forced to sell some assets to stop it sliding into insolvency. The property giant has admitted the business would be in dire straits if it failed to refinance ...
2008-01-01 03:35:00 -
Troubled Australian property giant puts itself up for sale
International Herald Tribune - Shares in Centro, the fifth-largest shopping mall owner in the United States, jumped as much as 23 percent on Wednesday, but are still down about 80 percent since it warned last month it was struggling to refinance 1.3 billion Australian dollars, or ...
2008-01-01 06:55:00 -
Roger Bootle
Daily Telegraph - But for all the pressure on some consumers, especially those having to refinance mortgages at much higher interest rates, most people will feel little pressure. The value of their house may fall but unless they are planning to move soon, this will ...
2008-01-01 11:27:00 -
Javier Mascherano unsure of Liverpool future
Daily Telegraph - Liverpool's shaky form this season means that Hicks and Gillett - already having to refinance their own loans used to buy the club due to the global credit crunch and having scaled down ambitions plans for a new stadium - might be unwilling to meet ...
2008-01-01 11:27:00 -
Ferrovial shrugs off BAA crisis claims
MSN MoneyCentral - This drama coincided with the summer credit squeeze, which, in turn, immediately put in doubt plans by Ferrovial and its partners to refinance about £10bn in new and assumed debt related to the £10.3bn acquisition of BAA. The deal, an issue of ...
2008-01-01 09:04:00 -
Asian Stocks Tread Cautiously on US Worries
CNBC - This comes after the global credit squeeze made it difficult to refinance $1.1 billion of its debt. Malaysian shares traded flat with the KL Composite at 1,444.67. Telekom Malaysia shares got a boost on news U.S. phone company AT&T is interested in ...
2008-01-01 09:40:00 -
Centro Properties Group Seeks Buyers
MSN MoneyCentral - MELBOURNE, Australia (AP) - Beleaguered shopping mall giant Centro Properties Group announced Wednesday it was putting itself up for sale ahead of a Feb. 15 deadline to refinance 3.9 billion Australian dollars (US$3.4 billion; euro2.3 billion) in ...
2008-01-01 10:02:00 -
Australian Stocks Climb, Centro Advances as It Seeks Buyers
Bloomberg - It's facing a Feb. 15 deadline to refinance A$3.9 billion ($3.4 billion) of debt. Stocks with domestic earnings, such as Wesfarmers Ltd., rose as PricewaterhouseCoopers and the Australian Industry Group said a manufacturing index gained 3 ...
2008-01-01 10:16:00 -
Centro Puts Itself Up for Sale as Debt Deadline Looms (Update4)
Bloomberg - Jan. 2 (Bloomberg) -- Centro Properties Group, facing a Feb. 15 deadline to refinance A$3.9 billion ($3.4 billion) of debt, will consider offers for all its assets, including 700 U.S. malls. Chief Executive Officer Andrew Scott said he's also invited ...
2008-01-01 10:45:00 -
Treasuries Little Changed; Housing Slump May Slow U.S. Growth
Bloomberg - Centro Properties Group, the Australian owner of 700 U.S. malls that faces a Feb. 15 deadline to refinance its debt, is trying to sell itself. PHH Corp., the New Jersey home-loan company, scrapped a $1.8 billion sale after banks refused to finance ...
2008-01-01 10:59:00 -
Asian Stocks Fall on Economic Growth Outlook; Samsung, DBS Drop
Bloomberg - Centro Properties Group, facing a Feb. 15 deadline to refinance A$3.9 billion ($3.4 billion) of debt, jumped after saying it's looking for buyers of its assets. The stock jumped 3 percent to A$1.04, following a 82 percent slump in its shares last ...
2008-01-01 10:59:00 -
Centro, Struggling to Refinance Debt, Puts Itself Up for Sale
Bloomberg - Jan. 2 (Bloomberg) -- Centro Properties Group, facing a Feb. 15 deadline to refinance A$3.9 billion ($3.4 billion) of debt, said it is seeking buyers for the company. The owner of 700 U.S. malls will consider offers for all of the company or for ...
2008-01-01 03:57:00 -
Centro seeks buyers for US, Australian assets - MarketWatch
Centro seeks buyers for US, Australian assetsMarketWatch - 3 hours ago15 deadline to refinance debt built up during an aggressive acquisition drive over the past two years. Media reports Wednesday cited Centro chief executive ...
2008-01-01 08:38:46
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