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Homeowner rescue awaits President Bush's signature (The Capital)
Posted: July 27th, 2008, 8:23am CDT
The measure, regarded as the most significant housing legislation in decades, lets homeowners who cannot afford their payments refinance into more affordable government-backed loans rather than losing their homes. -
Watt: Rescue better than foreclosures (The Charlotte Observer)
Posted: July 27th, 2008, 7:07am CDT
Rep. Mel Watt, a Charlotte Democrat, sat down with the Observer recently to discuss the mortgage crisis and legislation aimed at helping borrowers and lenders. The bill authorizes the Federal Housing Administration to refinance troubled mortgages held by participating lenders, gives communities money to purchase foreclosed properties, offers first-time homebuyers a tax credit, and helps prop up ... -
Student loan burden grows: N.H. college grads carry 2nd highest debt load (Foster's Daily Democrat)
Posted: July 27th, 2008, 5:19am CDT
Craig Osborne/ Democrat photo Michael Ruby sits with a stack of student loan paperwork at his home in Rochester on Friday. -
Congress sends housing rescue bill to Bush for signature (Houston Chronicle)
Posted: July 26th, 2008, 10:55am CDT
An estimated 400,000 homeowners would escape foreclosure by getting the chance to refinance into more affordable loans backed by the Federal Housing Administration. -
Vonage Staves Off Disaster With Loan Promise (CommunicationsDirect)
Posted: July 25th, 2008, 11:58am CDT
After months of trying, pure-play VoIP market leader Vonage has managed to refinance most of its debt, beating a Dec. 16 do-or-die deadline. Vonage has some $253 million in convertible notes that can be put to the company right before the holidays and, if it doesn't pay up, no more Vonage. However, in order to win a loan to... -
Macquarie DDR Cuts Asset Values, Refinances $291 Million Loan (Bloomberg.com)
Posted: July 24th, 2008, 9:19pm CDT
July 25 (Bloomberg) -- Macquarie DDR Trust , an Australian real estate investment trust, wrote down the value of its U.S. shopping centers and agreed to refinance $291.1 million in debt. -
Woes Afflicting Mortgage Giants Raise Loan Rates (The Hendersonville Times-News)
Posted: July 24th, 2008, 3:51pm CDT
The troubles at Fannie Mae and Freddie Mac could deal another blow to the housing market, as higher interest rates make it harder to refinance existing debts. -
Dubai Aerospace Enterprise appoints banks to arrange $1bn loan (Zawya)
Posted: July 24th, 2008, 5:26am CDT
Proceeds will be used to refinance existing debt and for general corporate purposes. The deal is split equally between a term loan and a revolving credit facility, and the margin is a little under 200 basis points over Libor, the source added. -
Opportunity Loan Refinance Program for Ohio (WTVG-TV Toledo)
Posted: July 23rd, 2008, 6:18pm CDT
This program through Ohio's Housing Finance Agency can help you get a fixed-rate mortgage -
Kuwait's KIPCO signs $350 mln refinance loan (Reuters via Yahoo! Singapore News)
Posted: July 22nd, 2008, 7:16am CDT
DUBAI, July 22 (Reuters) - Kuwait Projects Co (KIPCO) said on Tuesday it had signed a $350 three-year loan to refinance some of its debt, which matures in November. -
Tamalpais Bank to Provide Community Loan Program, Will Provide Residential Loans Up to $10 Million (Business Wire via Yahoo! Finance)
Posted: July 16th, 2008, 8:00am CDT
SAN RAFAEL, Calif.----Tamalpais Bank today announced a strategic relationship with Petaluma-based First California Mortgage Company to immediately begin offering residential home purchase and refinance loans of up to $10 million. -
Ahead of the Bell: Mortgage Applications (AP via Yahoo! Finance)
Posted: July 16th, 2008, 4:58am CDT
Industry data to be released Wednesday will show whether home loan applications fell as mortgage rates ticked up slightly. -
State tries to rescue Pike from huge debt (Boston Globe)
Posted: July 16th, 2008, 2:46am CDT
The Patrick administration is engineering a large-scale financial rescue of the Massachusetts Turnpike Authority that would allow the cash-strapped agency to refinance $800 million in debt to avoid potentially ruinous repayment terms. -
Platinum Funding Offers Insider Tips for Navigating the Treacherous Mortgage Loan Market (PRWeb via Yahoo! News)
Posted: July 16th, 2008, 2:01am CDT
Recent changes related to the subprime lending crisis have had a huge effect on how consumers qualify for mortgage loans. Subprime mortgages have now been credited for bankrupting well over 200 mortgage lenders and seriously damaging many major firms. -
Refinance to clear decks after divorce (Bankrate.com via Yahoo! Finance)
Posted: July 15th, 2008, 5:00am CDT
Refinancing is the best way for a woman to pay her ex the appropriate home equity stake, says Dr. Don Taylor. -
Judge gives Sunrise Mall a reprieve (Corpus Christi Caller-Times)
Posted: July 15th, 2008, 4:35am CDT
$11.5M loan is final chance to refinance -
RIL hires 17 banks for $1 bn loan (The Economic Times)
Posted: July 14th, 2008, 6:59pm CDT
Reliance will meet investors in Macau, Taipei, HK, Singapore, Dubai, Abu Dhabi, and Bahrain, to promote the multicurrency loan. Is the stock you are eyeing worth a buy? -
RIL hires 17 banks for $1b loan 15 Jul 2008, 0112 hrs IST,Bloomberg (The Times of India)
Posted: July 14th, 2008, 5:26pm CDT
Reliance Industries (RIL) hired 17 banks to arrange a $1 billion loan to fund expansion, according to a sale document sent to investors. It will pay interest of 1.3 percentage points above the London Interbank Offered Rate (LIBOR) for the five-year loan, the document shows. -
Reliance hires 17 banks to arrange $1b loan (Khaleej Times)
Posted: July 14th, 2008, 3:38pm CDT
MUMBAI — Reliance Industries Ltd., India's biggest company, hired 17 banks to arrange a $1 billion loan to fund expansion, according to a sale document sent to investors. -
RIL ropes in 17 banks for $1 bn loan (Business Standard India)
Posted: July 14th, 2008, 2:50pm CDT
Reliance Industries, the country's biggest company, hired 17 banks to arrange a $1 billion (Rs 4,300 crore) loan to fund expansion, according to a sale document sent to investors.