Archive for August, 2009
Helping underwater borrowers refinance (St. Louis Post-Dispatch)
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Missouri officials are launching a new program to help borrowers refinance their mortgage, in the hopes of stemming foreclosures. The Missouri Housing Development Corp. said today that is offering up to $13,000 to qualified borrowers who are trying to refinance and lower their monthly payments.
Q+A with Susan Tompor (Detroit Free Press)
QUESTION: My house is paid in full, but I have a closed-end home equity loan that I took out in 2007 for $73,500 at 6.75%.
Mortgage Refinancing
Johnston borrows at nearly 20 times base rate to refinance debt (The Herald)
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Johnston Press has refinanced its debt but at a borrowing cost of almost 20 times base rate, the company revealed yesterday.
Pennsylvania Auctions $690 Million in Bonds to Refinance Debt (Bloomberg)
Aug. 25 (Bloomberg) — Pennsylvania auctioned the weeks largest issue of long-term tax-exempt bonds today, a $690 million deal to refinance some of the general obligation debt the state issued from 2000 through 2008.
Wells Fargo Will Let You Refinance For No Closing Costs Online – Consumerist.com
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If youre saddled with a Wells Fargo mortgage, now would be a good time to slash your rate and payment through little effort by hitting up the banks streamlined refinancing program, which under certain circumstances lets you refi without being …
Refinancing when property value falls – Chicago Tribune
Can you refinance your mortgage loan when you owe more on the property than its current home value? Your mortgage lender may be more likely to grant you a mortgage loan modification or refinance since the federal government has been offering …
Image Entertainment Engages Financial Advisor – DVD Creation
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 …
Johnston Press has no disposal plans (Reuters via Yahoo! UK & Ireland News)
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Regional newspaper publisher Johnston Press , which is in debt refinancing talks, said on Sunday it has no disposal plans.
What to do if your mortgage is sold to another lender (Los Angeles Times)
The practice is very common, and such transfers normally take place without a hitch. But you need to make sure the rightful loan servicer receives your payments. It’s the mortgage market’s equivalent of a Dear John letter: “Goodbye. We’ve sold your loan to another lender.”
L-L OKs bond to refinance debt (Times Leader)
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LEHMAN TWP. The Lake-Lehman School Board approved a $1.5 million bond Monday evening at the boards regular monthly meeting.
The Rules of Refinancing Relief Changing (News10 Sacramento)
The rules of the relief refinance game are changing, giving hope to homeowners even when their bank chooses not to play.
Refinance Volumes on the Rise for Fannie Mae and Freddie Mac (RISMedia Real Estate News)
RISMEDIA, August 18, 2009-Fannie Mae and Freddie Mac refinanced more than 2.9 million mortgage loans in 2009 through July of this year. Since the inception of the Making Home Affordable Refinance Program (HARP) in April, Fannie Mae and Freddie Mac refinanced almost 1.9 million mortgage loans through July. The numbers …
Bonds Still Have Legs (Forbes)
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The credit rally isn’t finished, says one Prudential portfolio manager.
City Manager: Rome to refinance bonds as fast as possible (Rome News-Tribune)
Rome could save as much as $40,000 a year for five years by refinancing the 1999 bonds issued to build the city-owned Stonebridge Golf Course. The City Commission agreed Monday to try again to low…