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Posted: September 30th, 2008, 9:45pm CDT
Europe-focused commercial property vehicle Rubicon Europe Trust Group said it is proceeding with negotiations to extend a 50 million euro ($A89.01 million) debt facility with the loan originator, National Australia Bank.
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Posted: September 30th, 2008, 4:15pm CDT
Crombie Real Estate Investment Trust is pleased to report that it closed today the previously announced mortgage financing with HBOS Canada to refinance $100 million of the bridge loan used to partially finance the portfolio acquisition of 61 properties completed on April 22, 2008.
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Posted: September 29th, 2008, 9:13am CDT
The NMI Retirement Fund is looking at selling its housing loan assets in a bid to streamline its portfolio.
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Posted: September 29th, 2008, 4:18am CDT
Shares in German lender Hypo Real Estate tumble after a loan from a consortium of banks.
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Posted: September 29th, 2008, 3:55am CDT
Centro Properties Group, an Australian shopping mall operator struggling through the global credit crunch, saw its shares soar Monday after the company said its U.S. lenders gave it another three months to pay back a US$1.3 billion loan.
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Posted: September 29th, 2008, 3:52am CDT
Centro Properties Group, an Australian shopping mall operator struggling through the global credit crunch, saw its shares soar Monday after the company said its U.S. lenders gave it another three months to pay back a $1.3 billion loan.
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Posted: September 29th, 2008, 1:16am CDT
SYDNEY, Sept 29 (Reuters) - Centro Properties Group Ltd , one of Australia's highest profile casualties of the global credit crisis, said it has won a three-month extension on a $1.3 billion loan, sending its shares up almost 50 percent.
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Posted: September 29th, 2008, 12:47am CDT
SHARES in Centro Properties Group rose today after the shopping centre operator said its US lenders had granted an extension on a $1.5 billion loan.
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Posted: September 29th, 2008, 12:31am CDT
(Adds comments from conference call, details)
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Posted: September 28th, 2008, 11:41pm CDT
The state’s student loan authority is facing its most serious challenge in its nearly 30-year history. The Missouri Higher Education Loan Authority (MOHELA) expects massive margin calls that will require it to come up with tens of millions in dollars in cash within the next few weeks.
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Posted: September 28th, 2008, 9:46pm CDT
MELBOURNE, Sept 29 (Reuters) - Centro Properties Group Ltd , one of Australia's highest profile casualties of the global credit crisis, has won an extension on a $1.3 billion loan, sending its shares up as much as 47 percent.
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Posted: September 28th, 2008, 2:52am CDT
I wish to refinance my rental property (a townhouse). I have been advised that doing a cash-out refinance isn't possible in today's climate, and that if I want to take cash out of the transaction, I have to refinance using an equity loan.
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Posted: September 7th, 2008, 8:36pm CDT
The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect. But for homeowners already behind on their mortgage...
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Posted: September 7th, 2008, 8:35pm CDT
NEW YORK (AP) -- The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect. But for homeowners already behind on their mortgage payments, or who owe more than their homes are now worth, the plan unveiled Sunday by Treasury Secretary Henry Paulson ...
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Posted: September 7th, 2008, 8:19pm CDT
New York – The government's historic bailout of Fannie Mae and Freddie Mac today will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect.
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Posted: September 7th, 2008, 6:36pm CDT
NEW YORK — The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage
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Posted: September 7th, 2008, 6:11pm CDT
The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect. But for homeowners already behind on their mortgage payments, or who owe more than their homes are now worth, the plan unveiled Sunday by Treasury Secretary Henry Paulson offers little in the way ...
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Posted: September 7th, 2008, 5:59pm CDT
The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect.
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Posted: September 7th, 2008, 5:37pm CDT
If you have a home loan, there's roughly a 50-percent chance that either Freddie Mac or Fannie Mae is involved.
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Posted: September 7th, 2008, 5:24pm CDT
Washington - The US government seized control of Fannie Mae and Freddie Mac Sunday, seeking to deflect the rising threat of mortgage defaults to the two companies that manage about half of the US home loan market. US President George W Bush indicated...
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Posted: September 5th, 2008, 11:13pm CDT
Q. I was going to refinance my loan on my house. The day I was going to go to the office to sign the closing papers, I asked again what the loan amount and monthly payment was going to be. Well, it had changed and was higher than what I was told originally. So, I cancelled the refinance. My appraisal fee was going to be free, but now they're saying I have to pay it since the loan was not closed. ...
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Posted: September 5th, 2008, 1:51pm CDT
WASHINGTON (AP) — More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said...
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Posted: September 5th, 2008, 12:07pm CDT
Q: I m four months behind in my house payment. Can I still go to the lender and ask for a loan modification?
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Posted: September 5th, 2008, 12:06pm CDT
More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday.
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Posted: September 5th, 2008, 10:37am CDT
More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday. But the source of trouble in the mortgage market has shifted from subprime loans made to borrowers with poor credit to homeowners who had solid credit ...
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Posted: September 5th, 2008, 10:12am CDT
Sept. 5 (Bloomberg) -- Foreclosures accelerated in the second quarter to the fastest pace in almost three decades as interest rates increased and home values fell, prompting more Americans to walk away from homes they couldn't refinance or sell.
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Posted: September 5th, 2008, 9:24am CDT
More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday. But the source of...
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Posted: September 4th, 2008, 7:30am CDT
Expert Group, Inc. is pleased to announce that the Company opens September with over $8 million in loan originations. Expert Group has been experiencing a growth in mortgage applications mainly with FHA and Commercial loans.
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Posted: September 4th, 2008, 1:25am CDT
LONDON, Sept 4 (Reuters) - A group of lenders led by Deutsche Bank AG has sued Macklowe Properties Inc to foreclose on a $510 million loan the developer took out to build on the former site of the Drake Hotel in New York, the Wall Street said, citing court papers. Macklowe Properties bought the Drake Hotel in 2006 for $418 million and had demolished it, seeking to build a major office tower ...
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Posted: September 3rd, 2008, 8:39pm CDT
By Connie Sage The state Local Government Commission has approved Chowan County's request to refinance two loans, giving the fiscally ailing county breathing room to begin replenishing its nearly empty coffers.
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Posted: September 2nd, 2008, 5:00am CDT
A cash-out refinance is not the answer to a reader's financial problems, says Dr. Don Taylor.