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Demand growing for convertibles even as costs rise - Reuters UKLONDON (Reuters) - The cost of convertible bonds has gone up as overall risk premiums have risen but bankers expect issue volume to rise in the coming months as they remain a popular source of funding. Convertibles attract investors because they ...
Australia's Centro Posts $1.8 billion Year Loss - CNBCCentro, which owns about 670 U.S. shopping malls, had posted a profit of A$470 million in the previous year. Centro ran into trouble earlier this year when it was unable to refinance short-term debt as world credit markets seized up.
UPDATE 1-Australia's Centro posts $1.8 billion year loss - ReutersMELBOURNE, Aug 29 (Reuters) - Centro Properties Group (CNP.AX: Quote , Profile , Research , Stock Buzz ), an Australian victim of the subprime crisis that is struggling to restructure, reported a A$2.06 billion ($1.8 billion) full-year loss on Friday ...
Fannie and Freddie Get Some Good News - Nymag.com• Even though Lehman Brothers hasn't decided to officially sell its asset management arm, KKR, Hellman & Friedman, and Bain Capital are the top bidders in line to buy it. Blackstone and Carlyle were eliminated from the auction. [ FT ] • Fannie ...
U.S. MBA’s Mortgage Applications Index Rose 0.5% Last Week - Daily Business Reviewortgage applications in the U.S. rose last week from the lowest level in more than seven years, helped by an increase in purchases. The Mortgage Bankers Association's index of applications to buy a home or refinance a loan gained 0.5 percent from the ...
2008 Election - OregonianHeather Courtney and David Manzo (right), of San Jose, get prepared for a long day of selling their "Barack-in-the-box" toys on the 16th Street Mall outside the Pepsi Center. DENVER -- I'm stuck outside the Convention Center, waiting for those oh-so ...
August 2008 - ABC News BlogsABC News' Alice Gomstyn reports: Americans struggling with high gas prices, take heart: Diddy “feels you.” The rap megastar is keeping his private jet grounded and flying commercial – American Airlines, to be exact – because “gas prices are ...
Stocks decline after huge rally - Eagle-TribuneNEW YORK (AP) — Stocks pulled back sharply Wednesday, erasing most of the previous session's big gains as investors grew concerned about the possibility that banks remain vulnerable to further problems from soured debt. The Dow Jones industrial ...
Subprime Still Dominates Markets, Banking - CNBC[ C Loading... ( ) ] earnings were about in line with their own drastically reduced guidance they gave a couple weeks ago. Fixed income was poor as expected, and consumer delinquency rates continue to uptick. International posted ...
More Business - San Francisco GateSharif's party: No legal immunity for Musharraf 08.16.08 Wachovia to buy back auction-rate securities 08.16.08 U.S. Olympic officials seek corporate sponsors 08.16.08 There are ways to get more vacation time 08.16.08 Under the new program, six of the ...

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Today's Mortgage Terms starting with N
Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.
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