Mortgage and Financial News From 2007-10-5 Page 23
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Reader Forum: Fund schools with sales, income taxes, not property tax?
Pittsburgh Post-Gazette - After my mortgage payments, the school property tax is the biggest bill I face. This is an expense I have no control over ... A switch to sales and income taxes would be more efficient, as it is far easier to calculate the value of someone's paycheck ...
2007-09-26 05:54:00 -
British Prime Minister Brown prepares for snap general election: A ...
World Socialist Web Site - Should Brown ignore such warnings from Labour’s media backers, it is because his advisors calculate that any delay—even ... Standard & Poor’s warned this week that tens of thousands of home buyers coming to the end of their fixed-rate mortgage ...
2007-10-04 08:51:00 -
Retirement: The inflation threat
CNN Money - You can also make adjustments if a particular expense, say, a mortgage or car loan, will be paid off after a certain number of years. The calculator will then perform computerized simulations to calculate the odds that your projected income from ...
2007-10-04 09:38:00 -
Consider life insurance now to give security for others (Courier-Post)
Millions of Americans have no life insurance or are seriously underinsured and that could translate to big financial problems for their loved ones if they die unexpectedly.
2007-10-05 12:29:38 -
Room seeks users (Chicago Sun-Times)
Dear Designer's Eye, Can you help me make this room more useable and user-friendly and possibly add more seating? The floors and walls have been updated. I like the tables but the seating, drapery and lighting are bad.
2007-10-05 03:15:55 -
Retirement: The inflation threat (CNN Money)
Question: I want to estimate the effect inflation will have on my retirement income. For example, if I have a retirement income of $60,000 a year and inflation runs 3 percent a year, how much will inflation affect my buying power in say, 10 or 20 years? How do I do this? Is there some sort of formula I can use? - Carl Willis, Atlanta, Georgia
2007-10-04 08:40:22 -
Office rental growth shows market past its peak
Reuters - That could hurt private buyers, such as Harry Macklowe, whom the Wall Street Journal reported is trying to refinance the $5.1 billion worth of short-term debt used to buy seven New York properties from Blackstone Group LP (BX.N: Quote , Profile ...
2007-10-04 12:44:00 -
Schumer: Subprime mortgage fix should be flexible
Sun and Press - WASHINGTON -- Sen. Charles Schumer and other congressional Democrats appealed to the Bush administration this week to increase the flexibility of federal agencies in helping more homeowners facing foreclosure because they cannot refinance their ...
2007-10-04 11:36:00 -
Russian steel maker Evraz doubles H1 profit
Engineering News - Chief Financial Officer Pavel Tatyanin said Evraz was considering several options to refinance a $1.8 billion bridge facility, which expires in spring 2008, that was used to fund the acquisition of Oregon. "We are examining several opportunities ...
2007-10-05 01:52:00 -
BAA's plan for passenger price increase grounded
The Australian - It is also trying to refinance up to pound stg. 10 billion of debt, but that could be jeopardised by the commission's recommendation of lower charges. Analysts said this was likely to force it to sell even more assets, with Gatwick and Glasgow likely ...
2007-10-05 02:06:00 -
Homeowner-relief measures advance in U.S. House votes
Louisville Courier-Journal - Steep pre-payment penalties have made it difficult for some to rework their mortgages, and some overstretched homeowners can't afford to refinance or sell their homes in markets with declining prices. Foreclosures are at record highs, and late ...
2007-10-05 02:35:00 -
iSoft says yes to £166m IBA takeover bid
ZDNet Australia - To help refinance some of iSoft's debt and for working capital expenses, AEP will commit a further AU$62 million. However, the final amount is contingent on whether iSoft shareholders decide to take cash or IBA shares. Besides facing rising interest ...
2007-10-04 11:36:00 -
Borrowing costs force property group to cancel sale of Meadowhall
Guardian Unlimited - The bank needed to refinance loans every few months, leaving it with little room to manoeuvre when the credit crunch hit. Tesco is one of the few large UK companies to appear on the list. Almost 30% of its debt is short-term, though its overall debt ...
2007-10-04 11:43:00 -
Housing: That Sinking Feeling
BusinessWeek - In Quayside Court, a quiet cul-de-sac in Huntington, many residents who bought last year suddenly own homes worth a whole lot less--making it hard for anyone who has to refinance, sell, or borrow against the equity. "When we first moved here [in the ...
2007-10-04 11:14:00 -
Competition Commission plans to investigate BAA over its debt levels
Times Online - It is attempting to refinance the debt and is also selling assets. The airlines that use BAA’s airports told the Competition Commission that passenger charges could be diverted to paying interest and not for the day-to-day running of its terminals ...
2007-10-05 01:16:00