Archive for July, 2009
Nabard slashes refinance rates from Wednesday (New Kerala)
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Kolkata, July 14 : Agricultural credit lender National Bank for Agriculture and Rural Development (Nabard) cut refinance rates Tuesday with effect from Wednesday, a top official said here.
Mechel Agrees to Refinance $2.6 Billion of Facilities (Update1) (Bloomberg)
July 13 (Bloomberg) — OAO Mechel , the Russian steelmaker controlled by billionaire Igor Zyuzin , agreed to refinance $2.6 billion of credit facilities used to buy chrome and nickel producer Oriel Resources Plc and Siberian coal assets.
Report: Fortress in talks to refinance $1.6B FECI loan (BizJournals)
Fortress Investment Group LLC is in talks to refinance a $1.6 billion loan to Florida East Coast Industries, the Wall Street Journal is reporting.
Emerging Markets Report: Russia’s Mechel refinances $2.6 billion in credit (Market Watch)
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NEW YORK (MarketWatch) — Mining and steel company Mechel said Monday it has agreed to refinance $2.6 billion in short-term credit facilities, as many other Russian firms struggle to restructure their exorbitant debts.
Balloon Mortgages: A Relic of the Boom Survives? (Washington Post)
Honestly, I thought balloon mortgages–loans that come due after a short period, forcing a refinance–were killed off by the real estate crash. But I learned that online lender ING Direct is still offering these risky loans. Only now they’re taking steps to limit their own risk by requiring at least a 25 percent down payment (or equity, if it’s a refinance). The payoff for borrowers: A 4.25 …
Ridgewood Savings Bank Holds Mortgage Awareness Sessions (Times Newsweekly)
At these events, which are free and open to the public, a mortgage consultant will be available to provide valuable information on the various types of mortgages and the borrower’s requirements for each. Visitors will also learn how to handle the mortgage application process and can receive expert advice on how and when to refinance.
Evraz Falls Most in Four Months on Plans to Issue Debt, GDRs (Bloomberg)
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July 8 (Bloomberg) — Evraz Group SA , the biggest steel supplier for U.S. and Russian railroads, fell the most in four months in London trading on plans to raise $900 million selling convertible bonds and other securities to refinance debt.
UBA Leads Group That Lends Exxonmobil, NNPC $265 Million (Bloomberg)
July 8 (Bloomberg) — United Bank for Africa Plc said it led a group of banks that lent Exxon Mobil Corp. and the Nigerian National Petroleum Corp. $265 million to refinance its debt.
Mortgage Refinancing
Image Entertainment Engages Financial Advisor – DVD Creation
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Image Entertainment, Inc. (NASDAQ: DISK), a leading independent licensee and distributor of entertainment programming in North America, announced today that it has retained Houlihan Lokey Howard Zukin Capital, Inc. as the Companys exclusive …
Mortgage Activity Increased in Week – HispanicBusiness.com
WASHINGTON (UPI) — The volume of applications for U.S. mortgages increased last week, rising by a seasonally adjusted 2.3 percent, an industry group said. The Market Composite Index, which measures mortgage loan application volume, rose from 895.6 …
MBA: Mortgage activity on the rise – Birmingham Business Journal
Lower interest rates appear to be luring more homeowners to the table to refinance. The number of mortgage applications rose by a seasonally adjusted 2.3 percent for the week ended May 15, according to the Mortgage Bankers Association . The Market …
(AFX UK Focus) 2009-07-06 05:50 UPDATE 1-Taiwan High Speed Rail in T$390bln refinance-sources (Interactive Investor)
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By Stephanie Tong and Lin Miao-jung
Better Times at Hand for Mortgage Insurer (Financial Planning.com)
Richmond, Va.-based Genworth Financial says its U.S. mortgage insurance business was seeing positive results from the Obama Administration’s Home Affordability Refinance Program (HARP).