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.

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