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Posted: June 23rd, 2009, 4:47pm CDT
n Rising interest rates on mortgages slow refinancing
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Posted: June 23rd, 2009, 3:59pm CDT
June 23 (Bloomberg) -- Petroleo Brasileiro SA is likely to refinance the remaining $5 billion of a $6.5 billion bridge loan by selling debt in tranches as it seeks to pay for soaring investments, Chief Financial Officer Almir Barbassa said.
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Posted: June 23rd, 2009, 12:47pm CDT
(AP) — LONDON - Liverpool's owners still hope to attract new investors before the end of the year and are on course to refinance the club's loan by next month's repayment deadline, an executive close to the situation said Tuesday.
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Posted: June 23rd, 2009, 12:10pm CDT
Associated Press - June 23, 2009 1:05 PM ET LONDON (AP) - Liverpool's owners still hope to get new investors before the end of the year and are on course to refinance the soccer club's...
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Posted: June 23rd, 2009, 10:37am CDT
Zambia Copper Mining (ZCI) has entered into a new term loan facility agreement with African Copper (ACU) to refinance the existing bridging loan facilities it made to ACU subsidiary, Messina Copper.
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Posted: June 22nd, 2009, 9:17pm CDT
OAK BROOK, Ill. - Primary Energy Recycling Corp. (TSX:PRI.UN) said Monday that it has signed a deal to refinance its US$135-million term loan facility.
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Posted: June 22nd, 2009, 9:06pm CDT
OAK BROOK, Ill. - Primary Energy Recycling Corp. (TSX:PRI.UN) said Monday that it has signed a deal to refinance its US$135-million term loan
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Posted: June 22nd, 2009, 4:03pm CDT
NEW YORK, June 22 (Reuters) - A U.S. mortgage industry group on Monday slashed its forecast for 2009 loan originations by more than 25 percent as higher mortgage rates depress refinancings. The Mortgage Bankers Association estimates that lenders will make $2.03 trillion in new home loans this year, down by more than $700 billion from its forecast in March. The Washington-based group attributed ...
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Posted: June 22nd, 2009, 3:15pm CDT
A U.S. mortgage industry group on Monday slashed its forecast for 2009 loan originations by more than 25 percent as higher mortgage rates depress refinancings.
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Posted: June 22nd, 2009, 10:52am CDT
June 22 (Bloomberg) -- Porsche SE, struggling to refinance 9 billion euros ($12.5 billion) in debt , will make a second approach for state funding after the German government asked the carmaker to prove its woes aren’t the result of mismanagement.
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Posted: June 21st, 2009, 7:47am CDT
As notice of default filings climb to unprecedented levels throughout our community, through the Western region, Florida and other parts of our country, the federal government is, once again, on it's way to the rescue. The Obama administration's "Making Home Affordable Program" claims it will save as many as nine million homeowners from foreclosure. Considering the crime that brought about the ...
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Posted: June 21st, 2009, 2:25am CDT
As real estate values slip and as banks tighten lending requirements, appraisals are killing deals or pushing banks to require homebuyers to come up with even more cash at closing. Real estate sales were off about 29 percent in May compared with the prior year, and many who do want to buy a home or refinance are finding plenty of roadblocks.
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Posted: June 21st, 2009, 2:22am CDT
Shirley Breitmaier's mortgage payment started out at $98 when she refinanced her three-bedroom home in Galt, Calif., in 2007. The 73-year-old widow may see it jump to $3,500 a month in two years. Breitmaier took out a payment-option adjustable rate mortgage, a loan popular during the housing boom for its initially low minimum payments.
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Posted: June 21st, 2009, 2:16am CDT
Perinton telecommunications company PAETEC Holding Corp. is refinancing a sizable portion of its debt now in anticipation that doing so could get more difficult in three to four years.
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Posted: June 19th, 2009, 11:00pm CDT
One consequence of the financial crisis has been that repaying your mortgage has become increasingly attractive. Mortgage repayment is a riskless investment that yields a return equal to the interest rate on the repaid loan. If the loan carries a 6.125 percent rate, the borrower earns that rate on the balance repaid. The yields on other investments of comparable risk, including federal ...
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Posted: June 19th, 2009, 11:00pm CDT
Q: Back in 1996 I built and financed my house for $125,000 with a 30-year, fixed-rate mortgage at 9.5 percent. I refinanced in 1997 at 8 percent and then again in 1999 at 6 percent. The goal, of course, was to reduce my monthly payment along with the implied reduced interest amount that would have been paid had I not refinanced.
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Posted: June 19th, 2009, 4:37pm CDT
Refinancing is a great way for many homeowners to improve their financial situation - but beware of the downsides.
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Posted: June 19th, 2009, 12:15pm CDT
June 19 (Bloomberg) -- HeidelbergCement AG , Germany’s biggest cement maker, agreed to a sixfold increase in the interest margin to refinance 8.7 billion euros ($12.1 billion) of loans.
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Posted: June 19th, 2009, 10:38am CDT
Q. It looks as if we will need to take out a $12,000 PLUS loan to cover the cost of our son's college tuition this year. How will that affect our ability to borrow for other things? -- G.S., Montclair, N.J.
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Posted: June 18th, 2009, 9:15am CDT
LONDON, June 18 (Reuters) - British American Tobacco is holding informal talks with its banks to extend part of a 1.28 billion euros ($1.79 billion) loan due in October this year, two bankers said on Thursday. The company is currently negotiating with banks to extend the maturity of around 700 million euros of a loan for an extra three years, one of the bankers said. The loan was used to back ...
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Posted: June 17th, 2009, 11:15pm CDT
Rates may be tantalizing, but be prepared to jump through many hoops.
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Posted: June 17th, 2009, 11:15pm CDT
Having trouble making mortgage payments? You can save your home without refinancing.
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Posted: June 17th, 2009, 2:51pm CDT
Since March, Leroy Stennett has spent more than 10 hours talking to seven people in five departments at Bank of America about getting his mortgage modified.
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Posted: June 17th, 2009, 12:16pm CDT
Mortgage loan applications decreased 15.8% in the week ended June 12, according to a survey by the Mortgage Bankers Association released Wednesday.
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Posted: June 17th, 2009, 2:01am CDT
Feldman Law Center - Press Release by Feldman Law Center - A grinding recession has put already struggling homeowners in a position where household debt loads are quickly becoming unmanageable. Loan modification has become a well known remedy for those experiencing hardships including toxic mortgages, job losses.
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Posted: June 16th, 2009, 12:10pm CDT
European companies' drive to refinance loans with bonds and equity issues is feeding cash and confidence back into the syndicated loan market and freeing up money for new lending, senior bankers said.
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Posted: June 16th, 2009, 11:46am CDT
LONDON, June 16 (Reuters) - Kuwaiti mobile operator Zain is renewing its $2.5 billion Islamic loan that signed in 2007, a banker close to the deal said on Tuesday. Syndication of the two-year murabaha facility has launched to the senior phase of selldown via bookrunners Banque Saudi Fransi, Calyon and Al Rajhi Bank and is being targeted at a small number of close relationship banks including ...
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Posted: June 16th, 2009, 11:06am CDT
LONDON, June 16 (Reuters) - Kuwaiti mobile operator Zain is renewing its $2.5 billion Islamic loan that signed in 2007, a banker close to the deal said on Tuesday.
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Posted: June 16th, 2009, 11:06am CDT
LONDON, June 16 (Reuters) - Kuwaiti mobile operator Zain is renewing its $2.5 billion Islamic loan that signed in 2007, a banker close to the deal said on Tuesday.
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Posted: June 16th, 2009, 6:42am CDT
Dear Dr. Don, I currently owe $37,281 on my mortgage. I have about seven to eight years left to pay. The interest rate is 6.125 percent. I just took out a car loan for five years. The interest rate is 5.99 percent and the loan is for $26,131. I need approximately $26,000 to fix up my house.
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Posted: June 16th, 2009, 6:30am CDT
Direct and Retain Existing Customers Who are Actively Looking to Refinance Elsewhere
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Posted: June 16th, 2009, 6:00am CDT
4/40 for Freedom loan would jumpstart economy by reducing interest rate to 4 percent
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Posted: June 15th, 2009, 4:14pm CDT
Borrowers whose loans are owned by Freddie Mac will no longer be limited to refinancing with their current loan servicer.
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Posted: June 15th, 2009, 3:00pm CDT
"Early Show" Contributor Vera Gibbons On The Pros And Cons Of Turning To Special Mortgages To Keep Afloat
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Posted: June 15th, 2009, 3:00pm CDT
Early Show contributor Vera Gibbons discusses the pros and cons of turning to special mortgages to keep afloat in this bad economy.
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Posted: June 15th, 2009, 11:24am CDT
Jun. 15--If you know you're headed for trouble with your mortgage or you already are there, brace yourself.
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Posted: June 15th, 2009, 8:55am CDT
MOSCOW. June 15 (Interfax) -Severstal (RTS: CHMF) and Sberbank (RTS: SBER) have signed an agreement on a three-year credit facility for $300 million, the Russian steelmaker said in a statement. Severstal will use the credit facility to finance working capital and refinance existing debt.
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Posted: June 15th, 2009, 2:25am CDT
Renegotiating home loan requires patience, prep work to navigate red tape If you know you're headed for trouble with your mortgage or you already are there, brace yourself.
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Posted: June 15th, 2009, 2:01am CDT
Commercial Finance Advisors is pleased to announce the recent funding of an SBA 7a loan in Atlanta, Georgia in the suburban community of Buford. The project was a combination of a refinance, construction, equipment and working capital for the borrower, who is a doctor.
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Posted: June 14th, 2009, 11:48am CDT
Residential Finance Corporation (RFC) (http://www.residentialfinance.com), a nationwide mortgage lender specializing in refinance, has been named as a finalist for this year’s Stevie Award for Sales Department of the Year in the 2009 American Business Awards.
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Posted: June 14th, 2009, 2:15am CDT
Several lawmakers whose districts are drowning in foreclosures are taking unprecedented steps to help people stay in their homes,
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Posted: June 12th, 2009, 5:38pm CDT
Liverpool coowner George Gillett is keen to offload the Montreal Canadiens to refinance deal.
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Posted: June 12th, 2009, 2:38pm CDT
Having trouble making mortgage payments? You can save your home without refinancing.
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Posted: June 12th, 2009, 2:38pm CDT
Rates may be tantalizing, but be prepared to jump through many hoops.
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Posted: June 12th, 2009, 6:42am CDT
Dear Dr. Don, I have a home equity loan (not a line of credit) around $90,000 at a variable rate of 2.55 percent. The lender requires me to convert it to "fixed-rate home equity loan" in the next 18 months. Will the home equity loan's fixed rate be high?
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Posted: June 11th, 2009, 5:05pm CDT
A roundup of the latest syndicated loan market news.
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Posted: June 11th, 2009, 6:42am CDT
Dear Dr. Don, I am confused about whether or not I should refinance my mortgage. I have a 30-year, fixed-rate conventional mortgage at 7 percent interest. I bought the condo in 2006 with my first loan payment due on Sept. 1, 2006. The price of the condo was $99,900 and I made a $10,000 down payment.
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Posted: June 11th, 2009, 12:13am CDT
FaxonGillis Homes Inc. has filed a $3 million construction loan through SunTrust Bank as a refinance of 29 homes in two neighborhoods, Southern Height....
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Posted: June 10th, 2009, 12:58pm CDT
Liverpool 's co-owners, Tom Hicks and George Gillett, look set to refinance their £350m loan with the Royal Bank of Scotland and Wachovia from next month's deadline, The Guardian has learned. read more
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Posted: June 10th, 2009, 7:13am CDT
Liverpool co-owners Tom Hicks and George Gillett are set to successfully refinance their £350million loan in a bid to boost funds at Anfield. The American pair want to restructure their deal with the Royal Bank of Scotland and Wachovia from next month's deadline.
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Posted: June 10th, 2009, 5:17am CDT
Anfield owners Hicks and Gillett close to refinance agreement on £350m loan
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Posted: June 8th, 2009, 5:33pm CDT
CAMP HILL, Pa.----Rite Aid Corporation announced today the terms of an offering of $410 million aggregate principal amount of its 9.750% senior secured notes due 2016 . The Notes will be unsecured, unsubordinated obligations of Rite Aid Corporation and will be guaranteed by substantially all of Rite Aid's subsidiaries.
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Posted: June 8th, 2009, 1:52pm CDT
The Noisette Co. is seeking to refinance a $23.8 million loan after defaulting with its creditors, which have filed to foreclose on the North Charleston development, court records show.
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Posted: June 8th, 2009, 1:20pm CDT
Shrinking nest eggs have retirees searching for ways to stretch their money. Some are discovering a new mortgage tool that can make buying a house cheaper than renting. "It is unbelievable. I call it a miracle myself," said Betty Swayngim, 69, of Asheville, N.C.
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Posted: June 8th, 2009, 1:07pm CDT
The Noisette Co. is seeking to refinance a $23.8 million loan after defaulting with its creditors, which have filed to foreclose on the North Charleston development, court records show.
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Posted: June 8th, 2009, 12:53pm CDT
June 8 (Bloomberg) -- Freddie Mac , the mortgage-finance company under government control, reinstated fees for homeowners looking to refinance loans under President Barack Obama’s Making Home Affordable plan.
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Posted: June 8th, 2009, 10:32am CDT
American Bio Medica Corp. has been given a little more time to find a new lender to refinance its loan with First Niagara Bank.
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Posted: June 8th, 2009, 9:05am CDT
German officials on Monday rejected a request by troubled retail group Arcandor for state loan guarantees, as the leading shareholder in travel agency Thomas Cook lurched towards insolvency.
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Posted: June 8th, 2009, 6:27am CDT
CAMP HILL, Pa.----Rite Aid Corporation announced today its intention to offer $400 million aggregate principal amount of senior secured notes due 2016 . The Notes will be unsecured, unsubordinated obligations of Rite Aid Corporation and will be guaranteed by substantially all of Rite Aid's subsidiaries.
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Posted: June 8th, 2009, 5:16am CDT
MOSCOW, June 8 (Reuters) - Russian oilfield services firm Integra warned the EBRD on Monday that it may breach the terms on a $250 million loan granted earlier this year after its sales plunged 49 percent during the first quarter. It blamed market volatility and reduced spending in the oil and gas industry for its performance, including a year-on-year drop of 51 percent in its adjusted earnings ...
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Posted: June 8th, 2009, 4:53am CDT
German officials on Monday rejected a request from the troubled retail group Arcandor for state loan guarantees.
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Posted: June 8th, 2009, 4:39am CDT
* Breach of covenants possible on $250 mln loan
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Posted: June 8th, 2009, 2:25am CDT
WASHINGTON - Can't afford your mortgage payment? If the bank won't take your call, your member of Congress just might.
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Posted: June 8th, 2009, 12:36am CDT
DUBAI, June 8 (Reuters) - Abu Dhabi-based Dolphin Energy is close to reaching a deal with local and international banks to refinance a 12.66 billion dirhams ($3.45 billion) loan that matures in July, newspapers reported on Monday.
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Posted: June 8th, 2009, 12:22am CDT
Lexington, Ky.--Grandbridge Real Estate Capital LLC has closed a $17,662,000 refinance loan for the Summit ( pictured ), a 240-unit, class A garden-style apartment community in Lexington, Ky. Funded by Grandbridge, the loan was sold to Freddie Mac under its Early Rate Lock loan program.
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Posted: June 7th, 2009, 9:10pm CDT
Today, one homeowner in four owns a house worth less than the mortgage on it. However, you can qualify for a refinancing only if the home's value is within five percent of the value of the loan. In other words, if you have a $300,000 mortgage on a house valued at $250,000, forget about help. And you are also excluded from help if you are behind in your payments -- the situation of most people ...
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Posted: June 7th, 2009, 2:19am CDT
Rates on 30-year home loans surged above 5 percent for the first time in nearly three months last week as investors pushed up rates on long-term government debt, which is closely tied to mortgage rates.
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Posted: June 7th, 2009, 2:15am CDT
The benefits of refinancing wane the longer you've been paying down the loan. An example: Refinancing an original mortgage of $200,000 could cost you more than $60,000 in additional interest. Dear Liz: Is there any downside to refinancing? I have 15 years to go on a 30-year fixed-rate mortgage at 6.625%. I'd like to take advantage of today's lower rates, but the only way I could lower my payment ...
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Posted: June 7th, 2009, 1:29am CDT
Shrinking nest eggs have retirees searching for ways to stretch their money. Some are discovering a new mortgage tool that can make buying a house cheaper than renting. "It is unbelievable. I call it a miracle myself," said Betty Swayngim, 69, of Asheville, N.C.
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Posted: June 6th, 2009, 7:17pm CDT
WASHINGTON — Can't afford your mortgage payment? If the bank won't take your call, your member of Congress just might.
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Posted: June 6th, 2009, 4:17am CDT
WASHINGTON Cant afford your mortgage payment If the bank wont take your call, your member of Congress just might.
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Posted: June 5th, 2009, 5:20pm CDT
Finances at Liverpool look shaky if American owners Tom Hicks and George Gillett can't refinance their debt.
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Posted: June 5th, 2009, 3:15pm CDT
Can't afford your mortgage payment? If the bank won't take your call, your member of Congress just might.
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Posted: June 5th, 2009, 3:08pm CDT
Can't afford your mortgage payment? If the bank won't take your call, your member of Congress just might. Several lawmakers whose districts are drowning in foreclosures are taking unprecedented steps to help people stay in their homes, including picking up the phone themselves to negotiate with banks on behalf of their constituents.
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Posted: June 5th, 2009, 10:08am CDT
* Government loan would lift cloud over Porsche
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Posted: June 5th, 2009, 9:28am CDT
FRANKFURT, June 5 (Reuters) - The German government is set to discuss on Monday whether to give Porsche a 1.75 billion euro ($2.5 billion) loan, said a person close to the talks, a move that could lift a question mark over the carmaker's finances.
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Posted: June 5th, 2009, 6:50am CDT
KUALA LUMPUR, June 5 (Bernama) -- Axis-REIT Managers Bhd has accepted a RM170.4 million Islamic term loan jointly offered by CIMB Islamic Bank Bhd and Public Islamic Bank Bhd.
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Posted: June 5th, 2009, 5:42am CDT
PETALING JAYA: Axis-REIT has accepted a RM170.4 million Islamic term loan on a Club Deal arrangement jointly offered by CIMB Islamic Bank Bhd and Public Islamic Bank Bhd (the financiers), said Axis REIT Managers Bhd.
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Posted: June 5th, 2009, 5:06am CDT
LONDON, June 5 (Reuters) - Efes Breweries International (EBI) has increased its loan to $300 million from $200 million after an oversubscription in syndication, banking sources close to the deal said.
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Posted: June 5th, 2009, 5:06am CDT
LONDON, June 5 (Reuters) - Efes Breweries International (EBI) has increased its loan to $300 million from $200 million after an oversubscription in syndication, banking sources close to the deal said.
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Posted: June 4th, 2009, 4:05pm CDT
A roundup of the latest syndicated loan market news.
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Posted: June 4th, 2009, 4:00pm CDT
June 4 (Bloomberg) -- New Jersey sold the largest issue of fixed-rate, tax-exempt bonds backed by student loans since the federal stimulus eased tax rules on such deals in February.
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Posted: June 4th, 2009, 2:52pm CDT
The RBI on Thursday asked banks to review their loan policy towards micro, small and medium enterprises, badly hit by the economic slowdown.
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Posted: June 4th, 2009, 2:42pm CDT
The RBI on Thursday asked banks to review their loan policy towards micro, small and medium enterprises (MSMEs), badly hit by the economic slowdown. “One has to be sensitive to the sector and put in a revised policy,” RBI Deputy Governor Usha Thorat said in her address at a conference here.
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Posted: June 4th, 2009, 9:48am CDT
It all started when mortgage rates plummeted a few months ago. I read the papers and said to myself, "You're paying 6.75% on your loan for this apartment. Rates are in the high 4% range now. You should probably refinance." Since I always listen to myself on such matters, I decided to look into it. If I had known what I was in for, I would have slapped myself silly. Instead I let the bank do it.
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Posted: June 4th, 2009, 7:08am CDT
A recent spike in home loan rates has homeowners racing the clock to refinance before rates go even higher.
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Posted: June 4th, 2009, 6:46am CDT
June 4 (Bloomberg) -- A New Jersey lender leads tax-exempt borrowers today with the largest issue of fixed-rate municipal bonds backed by student loans since the federal stimulus eased tax rules on such deals in February.
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Posted: June 4th, 2009, 6:14am CDT
Banks should review loan policy towards MSMEs: RBI officialBanks should review loan policy towards MSMEs: RBI official
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Posted: June 4th, 2009, 6:07am CDT
The RBI has asked banks to review their loan policy towards micro, small and medium enterprises (MSMEs), badly hit by the economic slowdown.
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Posted: June 4th, 2009, 4:12am CDT
A top RBI official today asked banks to review their loan policy towards Micro, Small and Medium Enterprises (MSMEs), badly hit by the economic slowdown.
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Posted: June 4th, 2009, 12:19am CDT
Can I buy a house with no money down? Should I refinance my loan? Brian Whetzel, manager of the C&F Mortgage branch in Fredericksburg's Celebrate Virginia South, and Joanna Butler, a loan officer there, answered about 20 questions on these and other mortgage-loan-related topics in Tuesday's installment of Money Talk$....
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Posted: June 3rd, 2009, 10:17am CDT
Real estate investment banking and brokerage firm Holliday Fenoglio Fowler LP said Wednesday that it is working to refinance millions of dollars in debt owed by one of North Texas' largest shopping center owners.
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Posted: June 3rd, 2009, 12:15am CDT
Car Wash USA Express has filed a $1.8 million loan through First State Bank for its car wash at 4349 Summer Ave., at the corner of Summer and Waring R....
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Posted: June 2nd, 2009, 1:37pm CDT
A roundup of the latest syndicated loan market news.
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Posted: June 2nd, 2009, 6:03am CDT
INDIANAPOLIS----Commercial real estate owners' success is based largely on cash flow but now find, when they want to refinance, that their bank is not using the same loan criteria as when they previously refinanced, so they are turning to Indiana-based Equities First Holdings, LLC.
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Posted: June 2nd, 2009, 5:36am CDT
OSLO-LISTED Seadrill today proved lenders are still open for business by securing an impressive $1.5Bn loan. The credit facility, provided by various commercial institutes and export credit agencies, will be used to refinance the existing $1Bn loa ...
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Posted: June 2nd, 2009, 3:02am CDT
OSLO, June 2 (Reuters) - Norwegian oil rig company Seadrill said on Tuesday it had secured a $1.5 billion credit facility partly to refinance a $1 billion bridge loan. The company said it would also use the credit facility for "general corporate purposes." "We have now financed all our future obligations -- that is an important milestone for us," Chief Financial Officer Trond Brandsrud told ...
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Posted: June 2nd, 2009, 1:49am CDT
HAMILTON, BERMUDA--(Marketwire - June 2, 2009) - Seadrill Limited has successfully secured commitments for a senior secured credit facility in the amount of US$1.5 billion with a group of various commercial lending institutions and export credit agencies. The credit facility will be used to refinance the existing US$1,000 million bridge loan facility as well as for general corporate purposes. ...
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Posted: June 1st, 2009, 9:46pm CDT
The Government Savings Bank introduced a new loan program designed to enhance the welfare of teachers and personnel working in the educational sector.
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Posted: June 1st, 2009, 5:08pm CDT
Doha: Qatari state-related firms are expected to issue $3bn to $4bn in bonds in 2009 to refinance existing debt and fund new projects, after a government benchmark bond paved the way, a member of the State Finance Policy Committee has said.
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Posted: June 1st, 2009, 2:01pm CDT
On paper it seems like the perfect time to refinance. The average rate on a 30-year fixed mortgage recently hit a 20-year low when it fell below 5% in mid-March. And the Fed has said that it will spend $300 billion to buy back government-backed Treasury bonds; that will probably keep loan rates low for months to come.
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Posted: June 1st, 2009, 2:01pm CDT
On paper it seems like the perfect time to refinance. The average rate on a 30-year fixed mortgage recently hit a 20-year low when it fell below 5% in mid-March. And the Fed has said that it will spend $300 billion to buy back government-backed Treasury bonds; that will probably keep loan rates low for months to come.
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Posted: June 1st, 2009, 11:22am CDT
June 1 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage bonds climbed, likely pushing up interest rates on new home loans after soaring last month and adding to the hurdles for a recovery in the housing market and economy.
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Posted: June 1st, 2009, 1:46am CDT
Many of those smiling new grads are about to get a hard lesson: Private lenders have handcuffed them to more debt than they can reasonably repay.
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Posted: June 1st, 2009, 12:18am CDT
Even as Southwest Florida's economy falls apart and home prices flat-line, you may still be able to refinance your house and save big bucks.