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Military Appreciation & VA Loan Promotion
Posted: March 31st, 2010, 11:00pm EDT
LowVARates is running a 90 day VA Loan promotion in conjunction with military appreciation weeks around the nation to show their appreciation for the men and women of the U.S. Armed Forces. The promotion will run from April 1st July 23th, 2010. -
Vision Securities, sunk by failed loan settlement, covered by govt guarantee
Posted: March 31st, 2010, 9:11pm EDT
Vision Securities, the specialist retirement village property lender, has been sent to the receivers after it failed to settle a major loan last week. Its 953 investors will be safe as they are covered by the governments retail deposit guarantee. -
Vision Securities sunk by failed loan settlement
Posted: March 31st, 2010, 9:08pm EDT
April 1 (BusinessWire) Vision Securities Ltd., the specialist retirement village property lender, has been sent to the receivers after it failed to settle a major loan last week. Its 953 investors will be safe as they are covered by the governments ... -
Leveraged-Loan Prices at 21-Month High Spark LBOs, Refinancings
Posted: March 31st, 2010, 9:37am EDT
March 31 (Bloomberg) -- The leveraged-loan market climbed to a 21-month high this week as rising prices spurred companies including Cedar Fair LP and IMS Health Inc. -
Leveraged-Loan Prices at 21-Month High Spark LBOs (Update1)
Posted: March 31st, 2010, 9:11am EDT
The leveraged-loan market climbed to a 21-month high this week as rising prices spurred companies including Cedar Fair LP and IMS Health Inc. to obtain buyout loans during the quarter, making it the busiest period for such funding since July-through-September 2008. -
(AFX UK Focus) 2010-03-30 11:51 RLPC-Cinven seeks loan to refi Sebia buyout-bankers
Posted: March 30th, 2010, 6:13am EDT
LONDON, March 30 (Reuters) - Private equity firm Cinven is raising a new leveraged loan to refinance its 800 million euro ($1.1 billion) all-equity purchase of French healthcare diagnostics group Sebia International, bankers close to the deal said. Banks are offering relatively high leverage of up to six times earnings before interest, tax, depreciation and amortisation (EBITDA) on the all ... -
AEON Owner on Mirax's Board (The Moscow Times)
Posted: March 22nd, 2010, 10:51am EDT
AEON Corporation 's main owner Roman Trotsenko , who helped Mirax Group refinance its debt, is now on the developer's board of directors, Vedomosti has learned from a source close to the builder's shareholders. -
Loan Value Group Launches RHReward.com to Educate Responsible Homeowners on New Reward Program (Marketwire via Yahoo! Finance)
Posted: March 22nd, 2010, 7:49am EDT
RUMSON, NJ--(Marketwire - 03/22/10) - With nearly one in four homes in the nation currently in a position of negative equity , strategic default is quickly becoming more than a fleeting thought for many homeowners, particularly in hard-hit states like Nevada, Arizona, California and Florida that have experienced enormous drops in housing values. Loan Value Group LLC is addressing the problems ... -
QUICK POLL (GlobeSt.com)
Posted: March 22nd, 2010, 6:40am EDT
PARSIPPANY, NJ-Locally based NorthMarq Capital recently arranged several multifamily loans totaling $38 million, including an $8.9 million permanent loan for Hampshire House in Fort Lee, a 205-unit luxury co-op located at 1590 Anderson Ave. Greg Nalbandian, senior vice president and managing director of NorthMarq’s New Jersey office secured the financing through its affiliate, AmeriSphere ... -
Condo board rules leave owner stuck in home (Bankrate.com via Yahoo! Finance)
Posted: March 22nd, 2010, 5:00am EDT
When a board won't let an owner rent a condo, and the owner can't afford to sell, are there options? -
Goodwin Square Loan In Default (Hartford Business Journal)
Posted: March 21st, 2010, 11:10pm EDT
The real estate woes continue for downtown Hartford’s largest commercial landlord, Northland Investment Corp. -
Government pushes loan program to aid small businesses (The Columbus Dispatch)
Posted: March 21st, 2010, 5:09am EDT
WASHINGTON - Since taking the helm of the Small Business Administration nearly a year ago, Karen Mills has drawn praise for aggressive moves to try to boost lending to small companies. -
US real estate updates: Mortgage refinance rates lowest in years (Moldova.org)
Posted: March 20th, 2010, 2:08pm EDT
The US government is giving homeowners another year to refinance their loans under a little-used program designed to help borrowers whose homes have plummeted in value. The Obama administration’s Home Affordable Refinance Program will now run out on June 30, 2011. The program allows borrowers who owe up to 25% more than their homes are worth to refinance to lower interest rates. It was ... -
Mall at Steamtown partnership seeks to refinance $37.5 million loan (The Scranton Times-Tribune)
Posted: March 20th, 2010, 3:23am EDT
The partnership that owns the Mall at Steamtown is working to refinance the mortgage on the 500,000-square-foot shopping center. While Scranton Mall Associates is current on its mortgage payments, according to published reports, it is seeking to renegoti -
Plugging leaky roofs (Arizona Daily Sun)
Posted: March 20th, 2010, 1:34am EDT
The Stebila family of Flagstaff has a new roof on their house,thanks to a loan obtained through the city's owner-occupied housingrehabilitation program. -
Diana Clement : How to be sure the bank will say yes (The New Zealand Herald)
Posted: March 19th, 2010, 6:22pm EDT
Life goes on even if there is the ghost of a recession affecting mortgage lenders' confidence. People still need to buy homes and refinance.Yet some borrowers are getting a shock when they can't get a loan for their next home,... -
Barroso proposes eurozone loan mechanism for Greece - Summary (EARTHtimes.org)
Posted: March 19th, 2010, 2:27pm EDT
Brussels - Eurozone member states should set up a system of bilateral loans to help Greece in case it finds it impossible to borrow money on international markets, the head of the EU's executive, Jose Manuel Barroso, said Friday.... -
A look at payday loan facilities (The Victoria Advocate)
Posted: March 19th, 2010, 12:37am EDT
Jorge Andaverde and his wife, Maria, had their hands full at Riverside Park. One kept up with 2-year-old daughter Aaliyah, who rode a small motorized car around the park's duck pond, while the other held their other daughter, giggly 1-year-old Breanna. -
Loan week, March 12-18 (Finance Asia)
Posted: March 18th, 2010, 5:22pm EDT
A roundup of the latest syndicated loan market news. -
Seminar to examine rehab loan process (Chambersburg Public Opinion)
Posted: March 18th, 2010, 11:02am EDT
CHAMBERSBURG -- A free seminar will discuss the use of the FHA 203k Rehabilitation Loan Program to purchase or refinance a primary residence. -
Virgin Media in 2 bln stg loan refinancing (Deepika)
Posted: March 17th, 2010, 8:12pm EDT
LONDON, Mar 16 (Reuters) Virgin Media on Tuesday entered into a new 2 billion pound ($3 billion) senior loan to refinance and extend the maturity of existing loans from 2012 to 2015, banking sources said. -
Ex-Met Dykstra sues bank over reneged home loan (CBS Sports)
Posted: March 17th, 2010, 7:00pm EDT
Former Mets and Phillies star Lenny Dykstra has sued JP Morgan Chase & Co. Inc. for $100 million, saying he didn't get the loan he needed when he bought hockey great Wayne Gretzky's California home. -
Virgin Media refinances loan (Independent Online)
Posted: March 16th, 2010, 4:55pm EDT
Virgin Media has entered into a new loan to refinance and extend the maturity of existing loans from 2012 to 2015, according to banking sources. -
Home loan demand nudges higher in latest week (Reuters via Yahoo! News)
Posted: March 10th, 2010, 9:00am EST
U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday. -
Home loan demand nudges higher in latest week (Reuters via Yahoo! Singapore News)
Posted: March 10th, 2010, 9:00am EST
By Julie Haviv -
The home loan process (News Mail)
Posted: March 10th, 2010, 7:59am EST
The loan application process. -
Home Loan Demand Nudges Higher in Latest Week (Fox News)
Posted: March 10th, 2010, 7:38am EST
The Mortgage Bankers Association reported mortgage applications increased last week. -
Russia's Rolf gets $340 mln Sberbank loan (Reuters via Yahoo! Malaysia News)
Posted: March 10th, 2010, 7:26am EST
MOSCOW, March 10 (Reuters) - Rolf Group, Russia's largest dealer of foreign cars, has secured a $340 million five-year loan from Sberbank to refinance part of its current debt, the company said on Wednesday. -
Home loan demand nudge higher in latest week (Reuters via Yahoo! News)
Posted: March 10th, 2010, 6:42am EST
U.S. mortgage applications nudged up last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday. -
Minersville council backs loan refinancing (The Pottsville Republican & Herald)
Posted: March 10th, 2010, 3:22am EST
MINERSVILLE - The borough council is backing the borough sewer authority in its effort to save the authority and its customers money by refinancing a $2,180,000 loan. The council voted during Tuesday's meeting to pass a resolution approving the loan agre -
Meet with your bank face-to-face today (KVOA Tucson)
Posted: March 9th, 2010, 6:29am EST
TUCSON - If you're upside down on your mortgage or facing foreclosure, free help is here in Tucson today. It's an opportunity to meet face-to-face with your bank and possibly refinance or modify your loan on the spot. -
Bankruptcy haunts mortgage refinance (Bankrate.com via Yahoo! Finance)
Posted: March 9th, 2010, 5:00am EST
Good credit scores aren't helping a couple overcome an old bankruptcy. -
ALCO Refinances Loan On Frayser Apartments (The Memphis Daily News)
Posted: March 9th, 2010, 12:11am EST
Memphis-based ALCO Properties Inc. has taken out a $4.7 million loan on the Greenbriar Apartments at 3131 Madewell Street in Frayser.The company, oper.... -
Dubai World to Seek Loan Delay in Talks, Bankers Say (Update3) (Bloomberg)
Posted: March 8th, 2010, 11:17am EST
March 8 (Bloomberg) -- Dubai World, the state-owned holding company in talks to renegotiate about $26 billion of debt, will ask banks for permission to delay loan repayments when it presents a plan this month, said three bankers familiar with the negotiations. -
Dubai World to Seek Loan Delay in Talks, Bankers Say (Update2) (Bloomberg)
Posted: March 8th, 2010, 7:30am EST
March 8 (Bloomberg) -- Dubai World, the state-owned holding company in talks to renegotiate about $26 billion of debt, will ask banks for permission to delay loan repayments when it presents a plan this month, said three bankers familiar with the negotiations. -
Dubai World to Seek Loan Delay in Talks, Bankers Say (Update1) (Bloomberg)
Posted: March 8th, 2010, 4:32am EST
March 8 (Bloomberg) -- Dubai World, the state-owned holding company in talks to renegotiate about $26 billion of debt, will ask banks for permission to delay loan repayments when it presents a plan to creditors this month, said three bankers familiar with the negotiations. -
Dubai World to seek loan rollover, bankers say (Arabian Business)
Posted: March 8th, 2010, 1:41am EST
UPDATE 2: Will ask banks to roll over loans when it presents proposal to creditors. -
Purgatory ski resort takes out $8.85M loan (Summit Daily News)
Posted: March 7th, 2010, 8:51pm EST
DURANGO - Purgatory at Durango Mountain Resort has taken out an $8.85 million loan to refinance debt and make improvements on the ski mountain. La Plata County records show the resort and The First National Bank of Durango recorded a deed of trust on the loan Feb. 11. The length of the loan and interest rate weren't disclosed. The loan is backed by the U.S. Department of Agriculture's rural ... -
Purgatory ski resort takes out $8.85M loan (The Aspen Times)
Posted: March 7th, 2010, 7:43pm EST
DURANGO, Colo. - Purgatory at Durango Mountain Resort has taken out an $8.85 million loan to refinance debt and make improvements on the ski mountain. La Plata County records show the resort and The First National Bank of Durango recorded a deed of trust on the loan Feb. 11. The length of the loan and interest rate weren't disclosed. The loan is backed by the U.S. Department of Agriculture's ... -
Purgatory at Durango Mountain Resort takes out $8.85 million loan, plans to refinance debt (KWGN Denver)
Posted: March 7th, 2010, 11:47am EST
DURANGO, Colo. (AP) — Purgatory at Durango Mountain Resort has taken out an $8.85 million loan to refinance debt and make improvements on the ski mountain. -
Purgatory ski resort takes out $8.85M loan (KRDO Colorado Springs)
Posted: March 7th, 2010, 11:38am EST
Associated Press - March 7, 2010 12:24 PM ET DURANGO, Colo. (AP) - Purgatory at Durango Mountain Resort has taken out an $8.85 million loan to refinance debt and make improvements on the ski... -
Purgatory Ski Resort Takes Out $8.85M Loan (CBS4 Denver)
Posted: March 7th, 2010, 11:16am EST
Purgatory at Durango Mountain Resort has taken out an $8.85 million loan to refinance debt and make improvements on the ski mountain. La Plata County records show the resort and The First National Bank of Durango recorded a deed of trust on the loan Feb. 11. The length of the loan and interest rate weren't disclosed. The loan is backed by the U.S. Department of Agriculture's rural development ... -
Durango Mountain Resort takes out $8.85 million loan (The Durango Herald)
Posted: March 7th, 2010, 12:06am EST
Purgatory at Durango Mountain Resort has taken out an $8.85 million loan to refinance existing debt and make improvements on the ski mountain. A portion of the loan will fund an escrow account dedicated to mountain improvements, including efforts to open a terrain park earlier in the season. -
Looking to refinance? Ask yourself these four crucial questions. (Washington Post)
Posted: March 5th, 2010, 11:00pm EST
Q: We want to refinance our home loan. We are at 5.75 percent and might be able to get 4.85 percent on a 30-year, fixed-rate mortgage. We would save $87 to $104 per month, and we are thinking about adding extra money each month to pay off the loan faster. -
Sacramento-area mortgage loan gone wrong is one of thousands (Builder Magazine)
Posted: March 5th, 2010, 11:36am EST
Mar. 5--Herbert Salguero is just one homeowner among thousands starting to realize that most problem mortgages may not be modified after all. -
= IPIC Agrees $2.5B Loan, Syndication Underway - Sources (Zawya)
Posted: March 4th, 2010, 2:05am EST
(This item was originally published Wednesday.) The three-year term loan was launched into syndication earlier this week and is priced at 150 basis points over Libor, one of the people said. -
Refinance aid extended until June 2011 for owners upside-down in their homes (The Palm Beach Post)
Posted: March 3rd, 2010, 7:37am EST
Refinance aid extended until June 2011 for owners upside-down in their homes -
Help is available for some under water homeowners who want to refinance (The Palm Beach Post)
Posted: March 2nd, 2010, 4:39pm EST
Help is available for some under water homeowners who want to refinance -
Solutia Seeks $1.05 Billion to Refinance Bank Loans (Update2) (Bloomberg)
Posted: March 2nd, 2010, 11:53am EST
March 2 (Bloomberg) -- Solutia Inc. , the chemical maker that emerged from bankruptcy in February 2008, is seeking $1.05 billion to refinance senior secured bank debt. -
Ormet Announces New $50 Million Credit Facility and $110 Million Term Loan (Business Wire via Yahoo! Finance)
Posted: March 2nd, 2010, 11:43am EST
HANNIBAL, Ohio----Ormet Corporation, a top U.S. producer of aluminum, today announced that it has secured a new $50 million revolving credit facility and a new $110 million term loan that will be utilized to refinance all currently outstanding debt, make contributions to the pension plans to satisfy the Company’s 2006 waiver with the Pension Benefit Guaranty Corporation and provide liquidity for ... -
Bahrain's Gulf Finance House refinances $100m loan (Arabian Business)
Posted: March 2nd, 2010, 7:55am EST
GFH to repay part, refinance rest of a $100m loan; half of which matures in March. -
Abu Dhabi's IPIC launches $2.5bn loan - sources (Arabian Business)
Posted: March 2nd, 2010, 5:50am EST
Proceeds to be used to refinance part of a $5 billion loan agreed by IPIC in June 2009. -
Pierre Foods' $275M term loan up in first day of trading (The Cincinnati Enquirer)
Posted: March 2nd, 2010, 4:29am EST
Pierre Foods Inc.'s $275 million term loan to refinance debt and pay a dividend rose in its first day of trading, according to three people familiar with the transactions. -
Gov't extends deadline for refinance program (San Francisco Chronicle)
Posted: March 1st, 2010, 2:00pm EST
The government is giving homeowners another year to refinance their loans under a little-used program designed to help borrowers whose homes have plummeted in value. The Obama administration effort, known as Home Affordable Refinance Program, had been... Government - Loan - Refinancing - Presidency of Barack Obama - Obama -
(AFX UK Focus) 2010-03-01 19:39 Fannie, Freddie special refinance program extended (Interactive Investor)
Posted: March 1st, 2010, 1:41pm EST
NEW YORK, March 1 (Reuters) - An Obama administration program to encourage refinancing of loans on U.S. homes that have fallen in value will be extended by a year, a key housing regulator said on Monday. The Home Affordable Refinance Program, or HARP, a sister program to Obama's loan modification effort, will stay in effect through June 30, 2011, the Federal Housing Finance Agency said in a ... -
U-Haul gets $85M loan from GE Capital (Hartford Business Journal)
Posted: March 1st, 2010, 9:25am EST
Norwalk-based GE Capital said it has provided an $85 million asset-backed term loan to do-it-yourself moving and storage operator U-Haul to refinance an existing debt. -
(AFX UK Focus) 2010-03-01 14:50 Croatia to issue local bonds within days: source (Interactive Investor)
Posted: March 1st, 2010, 8:56am EST
ZAGREB, March 1 (Reuters) - Croatia is likely to tap its local market with two new bond issues in the coming days, probably as early as this week, a source familiar with the process said on Monday. The European Union candidate needs to refinance a 5-year local bond worth 3 billion kuna ($560 million) that matures on March 8. "There is a plan to issue two different papers, one denominated in the ...