Mortgage and Financial News From 2008-1-14

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  • Home Prices, Confidence: My "Creeps" Come A Day Early (CNBC via Yahoo! Finance)

    I’m not surprised consumer confidence is down, given the fact that home prices are falling fast. I know a lot of you out there in the blog-o-sphere don’t like it when I talk about these monthly price, sales or foreclosure reports, but it’s the bread and butter of the business, so humor me, if you will, especially because this one is a doosey.
    2008-01-14 04:23:37

  • Centro Chief Resigns; Banks May Ease Funding Deadline (Update2) (Bloomberg.com)

    Jan. 15 (Bloomberg) -- Centro Properties Group Chief Executive Officer Andrew Scott resigned after the Australian owner of 700 U.S. malls asked banks to extend a Feb. 15 deadline to refinance A$3.9 billion ($3.5 billion) of debt.
    2008-01-14 04:35:20

  • Australian Mining Stocks Advance, Led by BHP; Centro Plunges (Bloomberg.com)

    Jan. 15 (Bloomberg) -- Australian mining stocks rose, led by BHP Billiton Ltd. and Newcrest Mining Ltd. after copper, nickel and gold prices jumped.
    2008-01-14 04:35:30

  • Last-ditch bid to kill off Rock rebellion (Daily Telegraph)

    Bryan Sanderson, chairman of Northern Rock, has made a last-ditch attempt to kill off an investor rebellion at today's crucial shareholder meeting, warning that to oust the current board would simply increase the risk of the troubled bank being nationalised.
    2008-01-14 04:56:37

  • Centro securities fall by more than 40pc as CEO quits (Stuff)

    Stapled securities in Australia's Centro Properties Group fell more than 40 per cent after its chief executive resigned and the company warned that its current liabilities may have been higher than reported.
    2008-01-14 05:05:11

  • Market falls on Centro resignation (ABC via Yahoo!7 Finance)

    The Australian share market erased early gains after the resignation of the chief executive of embattled property group Centro this morning.
    2008-01-14 05:15:00

  • Rafael Benitez sees red over Klinsmann offer (Daily Telegraph)

    Liverpool may face legal action after talks with Jurgen Klinsmann. David Bond reports.
    2008-01-14 05:15:40

  • Centro Chief Quits; Lenders May Ease Funding Deadline (Update3) (Bloomberg.com)

    Jan. 15 (Bloomberg) -- Centro Properties Group, the owner of 700 U.S. shopping malls, said Chief Executive Officer Andrew Scott resigned and it has asked lenders to extend a Feb. 15 deadline to refinance A$3.9 billion ($3.5 billion) of debt.
    2008-01-14 05:50:12

  • Centro CEO Andrew Scott resigns

    West Online - ... potential buyers for the company or its assets to help refinance its debt by February 15, after it was hurt by tighter conditions in credit markets following the US sub-prime mortgage ... A detailed information memo regarding CAWF has been sent to ...
    2008-01-14 02:37:00

  • MTC Tech Granted $7.2 Mln. Potential Value For Chairman, Joint Chiefs ...

    RTT News - Inc. (MTCT) announced that its Professional Services Group, Information and Training ... offering of common stock is part of the financing that would be used to refinance ... MFA Mortgage Investments Plans To Make Public Offering Of 20 Mln Shares - Quick ...
    2008-01-14 02:22:00

  • Centro falls 40pc as CEO resigns

    News.com.au - ... potential buyers for the company or its assets to help refinance its debt by February 15, after it was hurt by tighter conditions in credit markets following the US sub-prime mortgage ... A detailed information memo regarding CAWF has been sent ot ...
    2008-01-14 05:07:00

  • Obama unveils $120 billion economic stimulus plan, visits Carson ... - Tahoe Daily Tribune

    Obama unveils $120 billion economic stimulus plan, visits Carson ...Tahoe Daily Tribune, CA - 15 hours agoObama also pledged $10 billion to increase pre-foreclosure counseling and help "responsible homeowners" refinance their mortgages or sell their homes. ...
    2008-01-14 02:19:54

  • First Title (Beijing) Real Estate Guaranty Co., Ltd. Launches ... - CNNMoney.com

    First Title (Beijing) Real Estate Guaranty Co., Ltd. Launches ...CNNMoney.com - 11 hours agoIn China, the need for real estate mortgage, refinance, collateral consumption loans, guaranty and escrow services are rapidly increasing. At the same time, ...
    2008-01-14 05:36:21

  • Centro CEO Andrew Scott resigns - Brisbane Times

    Centro CEO Andrew Scott resignsBrisbane Times, Australia - 2 hours ago... assets to help refinance its debt by February 15, after it was hurt by tighter conditions in credit markets following the US sub-prime mortgage crisis. ...
    2008-01-14 03:25:11

  • First Title (Beijing) Real Estate Guaranty Co., Ltd. Launches Official Web Site (PR Newswire via Yahoo! Finance)

    First Title Real Estate Guaranty Co., Ltd., a wholly owned subsidiary of The First American Corporation and the first entirely foreign-owned real estate guaranty company in China, today announced the launch of its official Web site, http://www.zhongyian.com.
    2008-01-14 05:32:00

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