Archive for August, 2009
City to refinance $118 million debt (Daily News Journal)
More info…
The Murfreesboro City Council will consider proposals to refinance about $118 million in debt from variable rate loans to a fixed rate Thursday.
Council to refinance $118M in debt (Daily News Journal)
The Murfreesboro City Council will consider spending $514,808 in fees to refinance about $118 million in debt from variable to fixed-rate loans tonight.
About 60,000 Refinance Mortgages Under U.S. Government Program (Washington Post)
A government program that allows borrowers with little or no equity in their home to refinance has helped about 60,000 homeowners so far, according to government data released Thursday.
City to refinance $118M in debt (Daily News Journal)
More info…
Murfreesboro City Council authorized the city’s administration to refinance $118 million in debt Thursday night from variable to fixed-rate loans.
Experts Offer Tips On How To Refinance Mortgages (CBS4 Miami)
More info…
As thousands of South Florida struggle to meet their monthly mortgage payments, many are wondering where to turn to for help. Louis Navia, of Ft. Lauderdale, turned to foreclosure attorney Guillermo Perez for help. “Now is the time to remodify, restructure your note. The number one tip is act now,” said Perez.
401(k) is poor source of refinance funds (Bankrate.com)
Dear Dr. Don, A year or so ago, my 401(k) account was worth $265,000. Now it is worth $134,000. My mortgage balance is $289,000, while the home’s value — at least according to Zillow.com — is now about $275,000. I have a 5/1 interest-only adjustable-rate mortgage at 5.5 percent with its first interest rate reset in August 2010. I am 62 years old.
Owners to Refinance $165 Billion (Pravda)
U.S. Treasuries edged down in Asia on Tuesday, giving up some of the previous day’s gains, with investors now eyeing a three-year note auction a day before a Federal Reserve policy-setting meeting , Reuters reports.
Russia’s Central Bank cuts refinance rate to 10.75% p.a. (Russian Information Agency Novosti)
More info…
Russia’s Central Bank announced on Monday it was cutting its key lending rate for the fifth time this year, by 0.25 percentage points to 10.75% per annum, following a slowdown in consumer price growth
Time to refinance ARM? (Bankrate.com via Yahoo! Finance)
A homeowner planning to move in a few years likely can handle the possibility of rising LIBOR rates.
Ken Moelis Waits for Bat Phone to Ring as Wall Street Rebounds (Bloomberg)
More info…
Aug. 10 (Bloomberg) — The office of Kenneth Moelis in Los Angeles is a shrine to an investment banking career spent catering to the rich. Shelves and a table groan under the weight of dozens of Lucite deal tombstones featuring companies controlled by Carl Icahn , John Kluge , Donald Trump , Steve Wynn , Sam Zell and other business-section boldface names.
Istithmar Said to Seek Retail Therapy With Perella (New York Times)
Istithmar , the Dubai-based private equity firm, last week hired adviser Perella Weinberg Partners to help restructure $500 million in debt at retailer Barneys New York , The New York Post reported Friday.
Borrowers facing a wait to refinance (The Star-Ledger)
TYSON TRISH/THE RECORD/MCTRyan, left, and Allyson Smith browse potential home listings on the Internet in their Passaic living room. Borrowers are waiting an unusually long time to close on mortgage refinance loans because thinly staffed banks can’t handle surges in…
Investors looking for foreclosed houses in Palm Beach County can climb aboard the Foreclosure Express (The Palm Beach Post)
More info…
“I’m smelling the money!” Gabrielle Smith takes a deep breath in a musty house in Delray Beach’s Carver Park neighborhood, where a blue tarp flutters on the roof and brown ceiling spots signify roof leaks. Eight people poking around the run-down house look up.
Less risk a selling point for new ARMs (The Arizona Republic)
Even as thousands of Arizona homeowners brace for debilitating increases in their monthly mortgage payments caused by adjustable-rate loan recasts, a new crop of ARMs is being marketed to the public by area lenders and homebuilders.