Archive for September, 2009
Asia Corporate Bond Rally to Survive Surge in Junk, Calyon Says (Bloomberg)
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Sept. 30 (Bloomberg) — A surge in junk bond sales wont derail the rally in Asian corporate debt because borrowers are seeking funds for expansion rather than to refinance high-risk loans as in the U.S., according to Calyon.
Bad Credit Home Loans and How To Get Loans
By Keith Georgebr /br /Bad credit loan is a specific type of loan which depends upon your past credit score and your past credit history. Past credit history is important for both borrower and lender, as it contains all your documents such as financial transactions, repayments of previous loans and county court judgments.
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Home Equity Loans-Lower Rates, Smaller Payments, A Better Option
By Albert Alexanderbr /br /Home equity loans are sometimes used for consolidating consumer debt or covering a large expense such as a wedding, college expenses, or home repairs to your existing home. Home equity loans are great in that they use the collateral already invested in your home to secure the loan, allowing you to get a better rate out of the deal and make smaller payments than you would to ….
Market Reacts to Eastman Kodak’s Refinance Plan (WROC Rochester)
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Shares of Eastman Kodak fell Thursday, one day after surging on the news of the imaging company’s plan to raise $700 million to refinance its debt.
(AFX UK Focus) 2009-09-21 12:00 Cersanit may use share issue money to cut debt (Interactive Investor)
WARSAW, Sept 21 (Reuters) – Cersanit, Poland’s biggest bathroom fittings company, may use cash from its upcoming share issue to refinance debt if the zloty weakens further, a management board member said. Cersanit, which operates in Poland, Ukraine, Romania, and Russia, said last month it was seeking capital for potential takeovers, but the zloty’s recent weakness hammered its FX denominated …
GE Capital deploys $1 billion in the U.S. healthcare market for the first six months of 2009 (News-Medical-Net)
GE Capitals Healthcare Financial Services business ended the first six months of 2009 as one of the most active capital providers in the U.S. healthcare market, deploying approximately $1 billion for more than 45 transactions. Loans were used to refinance existing debt, support working capital needs and fund growth initiatives.
(AFX UK Focus) 2009-09-14 20:12 UPDATE 2-Independent News investor wants vote on refinancing (Interactive Investor)
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DUBLIN, Sept 14 (Reuters) – A deal between Independent News & Media Plc and bondholders that would dilute equity interests should be put to a shareholder vote, a key investor said on Monday, threatening to derail a potential refinancing agreement. The heavily indebted media group has been trying for months to refinance a 200-million-euro issue that was meant to be paid in May, and there has been …
Residential Finance Corp. Names Douglas Harris as COO (dBusinessNews.com)
Residential Finance Corporation (RFC) (http://www.residentialfinance.com), an award-winning nationwide mortgage lender specializing in refinance has named Douglas Harris to the position of Chief Operating Officer.
3 men arrested in SoCal mortgage fraud scam (San Francisco Chronicle)
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A Simi Valley man and two of his associates have been arrested and accused of stealing nearly $1 million from more than 70 people trying to refinance their homes. California Attorney General Jerry Brown said Friday that 44 charges have been filed against… Sponsored Topics: Jerry Brown – California Attorney General – California – Simi Valley – United States
L.A. mortgage brokers are accused of stealing nearly $1 million (Los Angeles Times)
The California attorney general’s office says that beginning in 2007, the three co-workers conspired to forge clients’ signatures on phony refinance documents and pocket fees based on bigger loans. Three Southern California mortgage brokers have been arrested on suspicion of stealing nearly $1 million from borrowers seeking to adjust their home loans.
Underwater at home: can I refinance? (ABC 2 Baltimore)
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From our exclusive Debt Adviser, advice for people who owe more than their home is worth, shackeled further by high-interest loans.
Cemex to sell 1.2 billion shares to raise capital (AP via Yahoo! Finance)
Building materials giant Cemex SAB de CV says it will sell 1.2 billion CPO shares to raise capital and pay down recently restructured debt.