SBA alters loan refinance terms (The Business Journal of Jacksonville)
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Small businesses looking to expand are now able to refinance existing loans to buy real estate and other fixed assets as a result of permanent changes to the U.S. Small Business Administrations 504 Certified Development Company loan program.
Featured Advertiser (Washington Post)
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Mortgage Rates at 4.55% APR. Refinance Now & Save $1000s! $250,000 Mortgage for $874/mo. No Closing Cost Options. Get 4 FREE Quotes!
Thai PTT plans 30 bln baht bonds in July (Reuters via Yahoo! Singapore News)
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BANGKOK, June 25 (Reuters) - Thailand’s top energy firm, PTT PCL , said on Thursday it would sell bonds worth 30 billion baht ($879 million) next month to provide liquidity and refinance maturing debt.
China Huaneng Said to Tell Tuas Banks Loan Bids Uncompetitive (Bloomberg)
June 25 (Bloomberg) — China Huaneng Group , the nations biggest power producer, told 13 international banks seeking to refinance a S$2.25 billion ($1.54 billion) loan that their bids were uncompetitive, said six people familiar with the talks.
Trade group cuts mortgage volume forecast for 2009 (AP via Yahoo! News)
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A key industry group on Monday slashed its estimate for mortgage volume by 27 percent because of higher interest rates and the slow start to the government’s refinance program.
UMW to issue Islamic papers (The Star)
KUALA LUMPUR: UMW Holdings Bhd has set up a programme to sell up to RM800mil of Islamic paper to refinance its borrowings and for working capital.
Treasurys up after strong auction of 2-year notes (AP via Yahoo! Finance)
A strong government auction of two-year notes Tuesday pushed down Treasury yields for a third straight day. Robust demand at Treasury auctions is a good sign for potential homebuyers and homeowners looking to refinance.
Obama refis: Slow out of the gate (CNNMoney.com via Yahoo! Finance)
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The Mortgage Bankers Association has slashed its estimate of the number of mortgages its members will issue in 2009. One reason: Few refinancings are being done under President Obama’s ballyhooed Home Affordable Refinance Program.
UMW eyes RM800m from Islamic bonds (Business Times (Malaysia))
UMW Holdings Bhd plans to raise up to RM800 million from the sale of Islamic commercial papers and medium-term notes to fund working capital, existing or future projects and to refinance debt.
Springdale Condo Owner Told He Can’t Refinance (Local 12 Cincinnati)
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Condominiums are becoming more difficult to buy and refinance these days. It’s all part of an effort to limit risky lending. Local 12 Troubleshooter Howard Ain says this came as quite a surprise to one area man.
Refinance, If You Can (Kiplinger Magazine via Yahoo! Finance)
Rates may be tantalizing, but be prepared to jump through many hoops.
HeidelbergCement $12 Billion-Loan Margin Up Sixfold (Update2) (Bloomberg)
June 19 (Bloomberg) — HeidelbergCement AG , Germanys biggest cement maker, agreed to a sixfold increase in the interest margin to refinance 8.7 billion euros ($12.1 billion) of loans.