Mortgage and Financial News From 2008-1-14 Page 2

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  • Centro replaces chief executive - CNN International

    Centro replaces chief executiveCNN International - 27 minutes agoMELBOURNE, Australia (AP) -- Centro Properties Group replaced its chief executive Tuesday, as it struggles to refinance billions of dollars in debt because ...
    2008-01-14 10:58:21

  • UPDATE 2-Centro flags more liabilities, shares tumble (Reuters Finance News, Australia via Yahoo!7 Finance)

    MELBOURNE, Jan 15 (Reuters) - Centro Properties Group CNP.AX, which owns 700 shopping malls in the United States and has proved a high-profile casualty of the global credit squeeze, warned on Tuesday that current liabilities could rise, sending its shares down by nearly half.
    2008-01-14 06:01:35

  • Australia's Centro Replaces CEO (AP via Yahoo! Finance)

    Centro Properties Group, which is struggling to refinance billions of dollars in debt because of the global credit crisis, replaced its chief executive on Tuesday.
    2008-01-14 06:44:09

  • Centro Properties in Australia replaces CEO as it continues to struggle (International Herald Tribune)

    The company, which owns shopping malls in the United States and Britain, named the head of its U.S. unit as chief executive as it tries to refinance billions of dollars in debt.
    2008-01-14 08:09:13

  • Australia's Centro warns on debt level, shares tumble (Reuters via Yahoo! Malaysia News)

    MELBOURNE, Jan 15 - Shopping mall owner Centro Properties Group , a high-profile Australian casualty of the global credit crunch, warned on Tuesday it may have more debt to refinance than it previously said, sending its share price down by nearly half.
    2008-01-14 08:53:03

  • UPDATE 3-Australia's Centro warns on debt level, shares tumble (Reuters Finance News, Australia via Yahoo!7 Finance)

    MELBOURNE, Jan 15 (Reuters) - Shopping mall owner Centro Properties Group CNP.AX, a high-profile Australian casualty of the global credit crunch, warned on Tuesday it may have more debt to refinance than it previously said, sending its share price down by nearly half.
    2008-01-14 08:53:41

  • O'Malley proposes foreclosure relief (The Washington Times)

    Calling Maryland's rising foreclosure rate an "unprecedented crisis," Gov. Martin O'Malley yesterday pitched a package of mortgage reforms aimed at reducing foreclosures by cracking down on scam lenders and giving delinquent homeowners more time to save their homes.
    2008-01-14 09:41:11

  • Asian Stocks Fall, Led by Japanese Shares, as Yen Strengthens (Bloomberg.com)

    Jan. 15 (Bloomberg) -- Asian stocks fell, led by Toyota Motor Corp. and Honda Motor Co., after the yen strengthened to the highest in seven weeks, eroding the value of the Japanese carmakers' overseas sales when converted into their home currency.
    2008-01-14 09:43:33

  • Centro replaces chief executive (CNN.com)

    MELBOURNE, Australia (AP) -- Centro Properties Group replaced its chief executive Tuesday, as it struggles to refinance billions of dollars in debt because of the global credit crisis.
    2008-01-14 10:55:33

  • Taxpayer's Northern Rock risk 'disguised'

    Daily Telegraph - ... complicates a rescue or run-off because it needs to be fed with a new mortgage each ... with a cheap funding vehicle [as the funding terms were written before the credit ... It would seem that the least bad option left is nationalisation." Conservative ...
    2008-01-14 10:00:00

  • Bad bank earnings: Prepare for the flood

    CNN Money - Bad bank earnings: Prepare for the flood Citi and Merrill are expected to take ... hamstrung by a host of problems, including tough conditions in the credit markets ... at Citi and Merrill may look to take bigger markdowns on their toxic mortgage ...
    2008-01-14 09:43:00

  • Hong Kong shares end morning sharply lower on US, China concerns ...

    Forbes - ... financial institutions such as Citigroup and Merrill Lynch from the subprime mortgage ... Its bad loan ratio in 2006 was 2.5 percent. Goldman Sachs said Citic Bank's net ... China's top lenders were lower on worries about credit tightening measures on the ...
    2008-01-14 09:46:00

  • Business Minute: Stocks post solid advance, oil and gold are up

    Idaho8.com - The Latest in House and Home House & Home Main Today's Mortgage Rates Money This Week in Money Money Home For Small Businesses Credit and Debt Insurance Center Real Estate ... Associated Press - January 14, 2008 5:53 PM ET NEW YORK (AP) - Stock prices rallied ...
    2008-01-14 02:08:00

  • States Probe Banks' Role in Risky Loans

    Chicago Tribune - The loans were made to people who did not have any documents to verify their income or other verification for key requirements normally applied to mortgage borrowers," he said. "Many of the lenders made large amounts of loans, so that the exception ...
    2008-01-11 03:59:00

  • Is the Worst Over for Citi?

    Wall Street Journal - ... warned it might write off between $8 billion and $11 billion in loans due to the crisis in the mortgage ... No doubt there is an enormous amount of bad news still to come, on housing, consumer credit, and the economy. The question is which share prices ...
    2008-01-14 08:20:00

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