Mortgage and Financial News From 2008-6-5 Page 6

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• Foreclosures hit a record high -- and more coming (Daily Record)

  WASHINGTON (AP) -- The foreclosure hammer is hitting ever harder.
  2008-06-05 12:48:39

• Cuomo, Rating Agencies Agree On Mortgage Reforms (WCBS-TV New York)

  New York Attorney General Andrew Cuomo announced an agreement with Wall Street's three major credit-rating agencies Thursday that would overhaul how they evaluate investments backed by risky mortgage debt.
  2008-06-05 12:53:51

• The Cooper Companies Announces Second Quarter Results (PrimeNewswire via Yahoo! Finance)

  PLEASANTON, Calif., June 5, 2008 -- The Cooper Companies, Inc. today reported second quarter results for fiscal 2008.
  2008-06-05 01:00:00

• Thousands Of Vacant For-Sale And Housing Downturn Gives Renters ... - The Ledger

  Toll Brothers Chief Says Housing Market May Recover in 2010-11 Second Homes Can Be Tax Time Bombs for Owners Slump Keeps Contractors Busy Housing Picture Grows Bleaker Polk Builders Set Grim Record Offering Aid to Homeowners Poses a Tricky Task ...
  2008-06-05 09:48:00

• Apartment vacancy rate dips to 2.6% in April (CBC Toronto)

  Fewer apartments were available for rent in April as vacancy rates dropped slightly across Canada to 2.6 per cent, the Canada Mortgage and Housing Corporation said Thursday.
  2008-06-05 07:05:16

• House Price Fall Biggest In 15 Years (The Motley Fool)

  The price of the average UK home fell by £4600 in May. Today's 'no change' base rate decision means that further falls look very likely.
  2008-06-05 07:08:19

• Apartment vacancy rates fall slightly (Toronto Star)

  OTTAWA–Apartment vacancies in Canada's major cities fell in April as solid employment numbers and increasing incomes pushed demand higher.
  2008-06-05 07:34:16

• Home ownership rising, but so are costs (Regina Leader-Post)

  More people owned their own homes in 2006 than at any other time in the past 35 years, but it's costing them more than ever, according to a report from Statistics Canada released Wednesday.
  2008-06-05 07:43:56

• Pound Falls Against Euro, Gilts Drop as BOE Keeps Rate on Hold (Bloomberg.com)

  June 5 (Bloomberg) -- The pound fell to the lowest level in a week against the euro, and gilts plunged, after the Bank of England kept interest rates unchanged and the European Central Bank signaled it may raise borrowing costs next month.
  2008-06-05 10:20:55

• Group says Florida, California drove up Q1 delinquency rate (Orlando Business Journal)

  Florida represents 8 percent of all outstanding loans in the U.S. and 15 percent of the foreclosures starts filed in the first quarter, data released by the Mortgage Brokers Association shows.
  2008-06-05 10:52:06

• Air Transport Services Group, Inc. Reiterates Strong Liquidity ... - MSN MoneyCentral

  Air Transport Services Group, Inc. ATSG , a diversified air cargo services company and parent of three cargo airlines, including ABX Air, today reiterated that its liquidity position remains strong, and that the Company expects to remain in ...
  2008-06-05 07:46:00

• Libbey May Refinance Debt to Seek Profit, Chief Says (Update3) - Bloomberg

  June 4 (Bloomberg) -- Libbey Inc. , the world's second- largest glassware producer, will refinance its $511 million in debt to cut interest costs and help restore profit after three straight annual losses. The Toledo, Ohio-based company aims to ...
  2008-06-04 11:08:00

• Verizon Wireless to Buy Alltel In $28.1 Billion Deal - CNBC

  [ VZ   Loading...       ( %)   ] and 45 percent owned by Britain's Vodafone Group , said the deal would generate savings of $1 billion in the second year after closing. It said it expects total savings with a net present value of more than $9 ...
  2008-06-05 07:03:00

• Britannia Bulk Holdings registers for IPO - Boston Globe

  NEW YORK— Britannia Bulk Holdings Inc., a provider of drybulk shipping and maritime logistics services, has registered for an initial public offering of 8.3 million shares, according to a Securities and Exchange Commission filing on Wednesday. The ...
  2008-06-05 07:25:00

• Esmark says unable to refinance long-term debt - Forbes

  NEW YORK, (Reuters) - Steel company Esmark Inc said Wednesday it has been unable to refinance its debt on a long-term basis, raising "substantial doubt" about its ability to continue as a going concern. The statement was required by a Nasdaq rule ...
  2008-06-04 09:42:00

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