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Posted: May 2nd, 2008, 8:37pm CDT
The House Financial Services Committee approved legislation that would make up to $300 billion in insured loans available to refinance the mortgages of borrowers in danger of foreclosure.
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Posted: May 2nd, 2008, 3:40pm CDT
The housing finance system, while still functioning, is in a crisis. Interest rate risk premiums -- the rate increment on mortgages classified as riskier -- are two to four times as large as they were two years ago. Day-to-day rate volatility, which can cause havoc in the relationships between borrowers and loan providers, is larger than I have ever seen.
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Posted: May 2nd, 2008, 2:47pm CDT
The percentage of homeowners who refinanced with a Freddie Mac-owned loan in the first quarter of 2008 and received mortgages with loan amounts higher than their original mortgages, fell to the lowest levels since early 2004.
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Posted: May 2nd, 2008, 2:35pm CDT
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit?
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Posted: May 2nd, 2008, 2:10pm CDT
(ARA) - Living from paycheck to paycheck can be very stressful when unexpected emergency situations happen. You have to squeeze some extra money out of your budget, but where is it going to come from?
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Posted: May 2nd, 2008, 11:35am CDT
LONDON, May 2 - State-owned investment group Dubai World has launched syndication of a $5 billion term loan, which will be used to refinance the borrower's $5 billion, 364-day bridge loan that signed last year, a banking source said on Friday.
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Posted: May 2nd, 2008, 8:59am CDT
LONDON, May 2 - European Directories, the publisher owned by Australia's Macquarie Capital , is asking its banks to allow a new 152 million euro loan backing its acquisition of TRUVO Nederland to be added to its existing debt, banking sources said on Friday.
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Posted: May 2nd, 2008, 8:59am CDT
LONDON, May 2 - European Directories, the publisher owned by Australia's Macquarie Capital , is asking its banks to allow a new 152 million euro loan backing its acquisition of TRUVO Nederland to be added to its existing debt, banking sources said on Friday.