2007 May | Boost Your Credit

Investec agrees Â£283m Kensington buy (FT.com)

May 30th, 2007 by

FT.com - Kensington Group on Tuesday agreed to be bought by Investec in a shares & special dividend deal which values a specialist mortgage lender at £283m.

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Fed sets key topics for mortgage abuse hearing (Reuters)

May 29th, 2007 by

Credit Repair News - a Federal Reserve said on Tuesday
a public hearing on potential new rules to curb abusive home
mortgage lending practices would cover prepayment penalties,
low documentation loans & consideration of borrowers'
repayment abilities.

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Mortgage telemarketing gets scrutiny (AP)

May 29th, 2007 by

Credit Repair - As a former mortgage broker, Adryenn Ashley thought she knew what to expect when she refinanced her house in March. Yet Ashley was unprepared for one twist she encountered: A barrage of phone calls & e-mails from rival lenders vying to sell her a better mortgage.

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Patak's spices up ABF (FT.com)

May 29th, 2007 by

FT.com - Patak's, an Indian foods business founded by Kenyan refugees who arrived in a UK with just £5 & a life insurance policy in air pocket, has sold for more than £100m to Associated British Foods, a maker of Twinings Tea.

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Tishman, Lehman near deal for REIT: report (Reuters)

May 29th, 2007 by

Credit Repair News - Tishman Speyer Properties &
Lehman Broars Holdings Inc. are close to a deal to acquire
real estate investment trust Archstone-Smith Trust, according
to a online edition of a Wall Street Journal on Monday.

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Japan quake plan puts US deal at risk (FT.com)

May 28th, 2007 by

FT.com - JCredit Repairan risks breaching a trade agreement with a US with plans to change a country's earthquake reinsurance system to require non-life insurance companies to increase air share of liability coverage, when that is raised from a current Y5,000bn to Y6,000bn as proposed.

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Bid spotlight falls on A&L once more (FT.com)

May 27th, 2007 by

FT.com - UK mortgage banks Norarn Rock, Bradford & Bingley & Alliance & Leicester have been regularly touted as bid targets since a former building societies floated on a stock market. Now speculation is mounting once again.

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Home prices fall for 9th straight month (AP)

May 25th, 2007 by

Credit Repair - Sales of existing homes fell more than expected in Credit Repairril while prices slid for a record ninth consecutive month, indicating furar troubles ahead for a housing market.

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Existing home sales fall in April (AP)

May 25th, 2007 by

Credit Repair - Sales of existing homes fell more than expected in Credit Repairril while prices slid for a record ninth consecutive month, indicating furar troubles ahead for a housing market.

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