Home Equity Loan & Home Mortgage Refinance News

U.S. December Auto Sales Dive 36%, Drag Industry to 16-Year Low - Bloomberg
Jan. 6 (Bloomberg) -- U.S. auto sales plunged 36 percent in December, dragging the industry’s volume in 2008 to a 16-year low as the recession ravaged demand. General Motors Corp. ’s annual total was the smallest in its home market since 1959 ...
Posted: Tue, 06 Jan 2009 13:59:00 GMT

Good, bad and ugly ways to raise some quick cash - Business Standard
While I would love to start 2009 with some rosy predictions, one theme sticks in my mind: Cash will never be more important. You need to find it, save it and use it as your cushion in what will be another rocky year. Let’s dispatch the ugliest ...
Posted: Wed, 07 Jan 2009 02:45:00 GMT

Hecla Amends Loan Agreement - Businesswire.com
COEUR D’ALENE, Idaho--( BUSINESS WIRE )--Hecla Mining Company ( NYSE:HL ) today announced it has reached agreement with its bank syndicate to move the scheduled December 31, 2008, principal repayment in the amount of $18.3 million on its existing ...
Posted: Wed, 31 Dec 2008 20:18:00 GMT

Dow to Seek Damages From Kuwait for Breaking Deal (Update2) - Bloomberg
Jan. 6 (Bloomberg) -- Dow Chemical Co. , the largest U.S. chemical maker, plans to seek more than $2.5 billion from Kuwait for canceling a joint-venture agreement and will consider a new partner to invest in its basic-plastics business. Two other ...
Posted: Tue, 06 Jan 2009 17:34:00 GMT

2,000 debt nearly cost me my home' - Times Online
Patience Iweta's council tax arrears of less than £2,000 escalated to a debt of more than £20,000 when she was forced to take out a huge loan to avoid losing her home. Ms Iweta, 44, of New Cross, southeast London, lived in constant fear of having ...
Posted: Wed, 07 Jan 2009 00:43:00 GMT

Greenberg Grumbles Over AIG Deal - Forbes
Maurice "Hank" Greenberg is hammering away at the U.S. government, trying to get it to abandon its plan to dismember his beloved American International Group. After questioning AIG's latest asset disposal on Tuesday, the feisty octogenarian told ...
Posted: Tue, 06 Jan 2009 22:20:00 GMT

Rates are low, but loans difficult to get - San Jose Mercury News
Mortgage rates are at their lowest level in decades, but thousands of Silicon Valley residents are discovering that qualifying for a loan is tougher than it has been in years. Banks are reluctant to lend at favorable rates to all but the most bullet ...
Posted: Mon, 05 Jan 2009 23:54:00 GMT

Black’s Apollo Said to Be Among Lyondell Lenders (Update2) - Bloomberg
Jan. 6 (Bloomberg) -- Apollo Management LP, the private- equity firm led by Leon Black , is among the largest creditors of Lyondell Chemical Co., which filed for bankruptcy protection in New York today, according to a person with direct knowledge of ...
Posted: Mon, 05 Jan 2009 23:54:00 GMT

Issue of Debt - Businesswire.com
JSC Bank of Georgia (LSE: BGEO) (the “Bank”), Georgia’s leading universal bank, announced today the signing of agreements with International Finance Corporation (“IFC”) and the European Bank for Reconstruction and Development (“EBRD ...
Posted: Wed, 31 Dec 2008 09:06:00 GMT

House prices down 15.9% on a year ago - Financial Times
Average house prices fell 15.9 per cent in 2008, according to the Nationwide index. It was the biggest drop in more than 50 years of the building society data being published. When comparing the average quarterly value with the same period a year ...
Posted: Wed, 07 Jan 2009 03:35:00 GMT