Tower Financial Corporation Reports Third Quarter Results Oct 30, 2009
The decrease in the residential portfolio was due to increased refinancing activity during the first nine months of 2009 combined with the Company's desire to sell these mortgages rather than hold them for both interest rate risk and fee income purposes ... 3 percent increase from the second quarter 2009, due to increased refinancing activity being experienced throughout the country. (Primezone Releases)
Credit Creaks into Gear Oct 30, 2009
New Business October 29, 2009, 5:00PM EST. With a big boost from the feds, investors again like securities backed by assets like car loans but it'll take years for lending to flow freely. (BusinessWeek)
Kodak posts fourth straight quarterly loss Oct 30, 2009
Financing Options: Need help financing or refinancing a home. Kodak posts fourth straight quarterly loss. (USA Today -- Money)
Receiver hopes to track down $1.5B for Stanford investors Oct 30, 2009
Financing Options: Need help financing or refinancing a home. Receiver hopes to track down $1. (USA Today -- Money)
Madoff victims paid $530M-plus so far, trustee says Oct 29, 2009
Financing Options: Need help financing or refinancing a home. Madoff victims paid $530M-plus so far, trustee says. (USA Today -- Money)
Pineland Marina faces foreclosure suit Oct 29, 2009
Owner claims he's just refinancing the property ... 9 million foreclosure lawsuit against Pineland Marina on Pine Island - but the owner said Monday he's just refinancing the property ... "I'm right in the middle of refinancing at the moment with the same lender.". (The News-Press -- Business)
District 87 officials outline summer construction plans Oct 29, 2009
The refinancing of district debt yielded money the district can use without increasing debt payments. "That means there will be no additional expense to taxpayers at all," Nielsen said. (The Pantagraph newspaper)
2 who called financial crisis fear world of pain looms for stocks Oct 29, 2009
Financing Options: Need help financing or refinancing a home. Two economists see red flags again for stock market. (USA Today -- Money)
Knowledge is the power behind popular eHow website Oct 28, 2009
Financing Options: Need help financing or refinancing a home. Jefferson Graham interviews Demand Media CEO Richard Rosenblatt. (USA Today -- Tech)
Stocks mostly slide on mixed data; IBM lifts Dow Oct 28, 2009
Financing Options: Need help financing or refinancing a home. Stocks mostly slide on mixed data; IBM lifts Dow. (USA Today -- Money)
Council Votes to Suspend Leopold Oct 28, 2009
One of the two resolutions passed by councilors also asks for an independent audit of Burlington Telecom, requests CAO Jonathan Leopold present the council with refinancing strategies for Burlington Telecom by November 16th, asks city attorneys to review the certificate of public good to make sure no other conditions are being violated and asks the Mayor to present a policy for the use of pooled cash by November 10th. The other resolution is a bit harsher. (WCAX.com, VT)
Financing Government in Dark Hits Taxpayers Where No-Bid Deals Predominate Oct 27, 2009
Under the unregulated contract, Beaver County sold the money to be made in a refinancing to Lehman Brothers, like a farmer who sells crops at todays prices to a third party long before harvest. Swap Details. (Bloomberg -- US)
How a Bad Credit Mortgage Broker Ca... Oct 27, 2009
As well as being a valuable source of advice and information, they eliminate many of the less enjoyable facets of refinancing a home loan. Sources. (Suite101.com)
Scottrade fined $600K over money controls Oct 27, 2009
Financing Options: Need help financing or refinancing a home. Scottrade fined $600K over money controls. (USA Today -- Money)
'State plan' for Japan Airlines Oct 27, 2009
The move came after refinancing plans failed to materialise. News of the possible supervision of the airline by the Enterprise Turnaround Initiative Corporation, sent shares in the carrier up 2. (BBC News -- Business)
Debt Consolidation FAQ Oct 26, 2009
A may mean that refinancing is more expensive than existing forms of credit. It could be possible to reduce the cost of borrowing through a secured loan as the lender's risk is reduced through the provision of collateral. (Suite101.com)
'BEE flagship' collapses Oct 26, 2009
Much of the bank-funded debt and vendor finance taken on by black shareholders of Incwala was due to mature soon and if refinancing was not possible, Lonmin could be called upon for funds, the company said. At the end of March, contingent liabilities were R930-million, of which R177-million would not become payable until September 2011. (iAfrica.com)
Madoff associate's death hinders compensation effort, lawyer says Oct 26, 2009
Financing Options: Need help financing or refinancing a home. Authorities say Jeffry Picower, an associate of Bernard Madoff, was found dead in his pool. (USA Today -- Money)
MoneyManager Oct 26, 2009
Whether you re buying your first home, refinancing, or doing home improvements. Calculate your home loan. (Sydney Morning Herald -- Business)
VA Home Loan Mortgage Guaranty Info... Oct 26, 2009
FHA streamline refinancing can be beneficial for lower monthly mortgage payments. Find out the guidelines to refinancing a home with a streamline FHA loan. (Suite101.com)
Stocks end week lower as investors take profits Oct 24, 2009
Financing Options: Need help financing or refinancing a home. Stocks end week lower as investors take profits. (USA Today -- Money)
Commercial real estate bust looms Oct 23, 2009
With short maturities youve squeezed the accordion as close as you can get and caused a lot more refinancing in a short period of time ... "As long as the commercial property owner is making payments, bankers are willing to delay refinancing for a few years in hopes that the economy and real estate market improve. But it remains to be seen whether that strategy will work. I dont think the banks can hold out that long, said Lesley Deutch, who follows the commercial real estate market... (MSNBC -- Business)
Report: CIT reaches tentative deal with Goldman Oct 23, 2009
The tight credit market prevented it from refinancing its loans or getting new ones. Bank of America loses $2. (Fresno Bee -- Business)
New Jersey Pays Goldman Sachs for Interest-Rate Swaps on Nonexistent Bonds Oct 23, 2009
Refinancing the bonds cost $2. 1 million, reducing the authoritys savings on the transaction to $3. (Bloomberg -- US)
AT&T profit dips, but iPhones power strong wireless results Oct 23, 2009
Financing Options: Need help financing or refinancing a home. AT&T profit dips, but iPhones power strong wireless results. (USA Today -- Money)
Madoff shares prison cell with drug dealer, hangs around with mob boss, spy Oct 22, 2009
Financing Options: Need help financing or refinancing a home. Madoff shares prison cell with drug dealer, hangs around with mob boss, spy. (USA Today -- Money)
Is your home loan the pick of the litter? Oct 22, 2009
Home Loans, Lowest Rate Mortgage, Refinancing Australia - SMH. You are here. (Sydney Morning Herald -- Sport)
Hospitals' Refinancing Deals Approach $2.4 Billion in Muni Debt This Week Oct 22, 2009
1 billion during the first three quarters of 2009, compared with the year-earlier period, which was boosted by hospitals refinancing debt that jumped in cost, according to data compiled by Thomson Reuters. Denver-based Catholic Health Initiatives plans to issue almost $890 million of fixed-rate bonds and about $275 million of so-called put bonds, whose rates may change on agreed-upon dates when the nonprofit buys them back. (Bloomberg)
Some plain talk on cash crisis Oct 22, 2009
The Senate leader suggested that refinancing tobacco bonds could generate $500 million (that move, however, would add to long-term costs). Tobacco bonds are payments the state makes in return for up-front cash it received from federal tobacco lawsuit settlements. (Albany Times Union)
ARM Mortgage Loans - Pros and Cons Oct 22, 2009
Do Adjustable Rate Mortgage Loans Mean Lower Home Mortgage Payments. An ARM mortgage loan allows a homeowner to benefit from low bank base rates. (Suite101.com)
Obama pay czar seeks to slash compensation at bailout firms Oct 22, 2009
Financing Options: Need help financing or refinancing a home. Obama pay czar seeks to slash compensation at bailout firms. (USA Today -- Money)
Accused hedge fund manager to shut down Galleon Group funds Oct 22, 2009
Financing Options: Need help financing or refinancing a home. Accused hedge fund manager to shut down Galleon Group funds. (USA Today -- Money)
Hensarling Condemns Social Policy Mortgaging Oct 21, 2009
Subsidized loan refinancing and modification programs may provide relief for a select group of homeowners, but they work against the majority who shoulder the tax burden and make mortgage payments on time, and such a program may contribute to another housing bubble. With 1 in 4 mortgages in Florida in arrears or in foreclosure and many homeowners across the country underwater -- owing more than their home is worth -- there is no amount of money taxpayers can reasonably be expected to contribute... (Human Events Online)
Former Blago aide pleads guilty to corruption Oct 21, 2009
He said he learned from Kelly and Rezko that Rezko would get a $500,000 share of a consulting fee paid in connection with the refinancing of $10 billion in state pension bond. Bob Kjellander, a Springfield lobbyist and a former treasurer of the Republican National Committee, received an $809,000 commission from the now defunct Bear Stearns investment firm after it became prime underwriter for the pension bonds. (Crain's Chicago Business)
United parent posts Q3 loss, says business travel improving Oct 21, 2009
Financing Options: Need help financing or refinancing a home. United parent posts Q3 loss, says business travel improving. (USA Today -- Money)
Credit card canceled without warning? Oct 21, 2009
The people that purchased their homes prior to this period and didn t refinance after refinancing to refinance again, gotten equity line of credit, put unsecured debt onto secured debt, or used their home as a cash cow are the ones that are sitting mighty pretty today in this economy ... Fortunately I sold the house to move into a better neighborhood and school district and my loan is now more in line with the value of the home with low interest rate due to refinancing. (Atlanta Journal-Constitution -- Business)
EXPERTS' QUESTIONS: Documents offered returns of 10% to 20% Oct 21, 2009
Financing Options: Need help financing or refinancing a home. Experts question Warren's promises. (USA Today -- Money)
Advice from the Top Oct 20, 2009
Financing Options: Need help financing or refinancing a home. Northwestern Mutual CEO Ed Zore takes 'Seinfeld' approach. (USA Today -- Money)
Stocks rise as earnings reports top expectations Oct 20, 2009
Financing Options: Need help financing or refinancing a home. Stocks rise as earnings reports top expectations. (USA Today -- Money)
JAL shares up on bail-out reports Oct 19, 2009
Last month, the company's president Haruka Nishimatsu asked the government for emergency funding after refinancing plans failed to materialise. The airline recently announced plans to cut 6,800 jobs to save money. (BBC News -- Asia-Pacific)
Financial Armageddon in Alabama Proving Parable for Local U.S. Governments Oct 19, 2009
In June 2007, SEC investigators deposed Langford in Miami about whether he used the sewer-debt refinancings to pay off political friends ... 2 billion behemoth, and in 2002 -- the year Langford was elected to the commission -- county leaders began refinancing about $3 billion in tax-exempt bonds that had helped pay for the improvements. (Bloomberg)
Could rising oil prices stunt stock rally? Oct 19, 2009
Financing Options: Need help financing or refinancing a home. Could rising oil prices stunt stock rally. (USA Today -- Money)
Schemes, scams keep reeling in investors Oct 18, 2009
-based Frank Bluestein is accused of raising $74 million from 2002 to 2007 in part by luring elderly investors into refinancing their mortgages and using the equity to invest in a $250 million Ponzi scheme, according to charges by the Securities and Exchange Commission. What can any of us learn from their troubles. (Republican-American)
Stocks fall on earnings but up for the week; Dow back below 10,000 Oct 17, 2009
Financing Options: Need help financing or refinancing a home. Stocks fall on earnings but up for the week; Dow back below 10,000. (USA Today -- Money)
Click to read:Homeowner Hero's War on Banks Oct 17, 2009
Throw the mortgage brokers in there to, with their refinancing scams ... If he's making banks take refinancing seriously - he's a hero - no matter what the past. (CBS News)
For online bargains, working together yields deals Oct 17, 2009
Financing Options: Need help financing or refinancing a home. For online bargains, working together yields deals. (USA Today -- Money)
GE earnings beat estimate, but revenue slide worries Oct 17, 2009
Financing Options: Need help financing or refinancing a home. GE earnings beat estimate, but revenue slide worries. (USA Today -- Money)
Debts loom as Hawaii hotels cut rates deeper Oct 17, 2009
The report said falling occupancy, a dearth of credit for refinancing loans and an increased room inventory were to blame. That s not the case in Hawaii. (Pacific Business News, HI)
Home at risk over $18m Oct 17, 2009
Exit penalties added at the last minute meant the refinancing amount was too little. A Challenger spokesman said Mr Baker's comments were incorrect. (Sydney Morning Herald -- Australia)
Dow Jones hitting 10,000 points Oct 16, 2009
However, a closer look into the books finds that the lenders' profits originate from trading stocks, bonds, precious commodities like oil and gold and other assets, while not from lending, refinancing homes and other traditional bread-and-butter business. Some fear that the banks' lopsided operation doesn't bode well for the sector as questions linger what happens if trading profits fall off. (People's Daily Online, China)
North Branch joins two other local cities; restricting offender residency Oct 16, 2009
The council is refinancing debt and avoiding a large payment that was coming due at the end of 2009, related to the ESSBY redevelopment area. Planner Alan Cottingham asked for a got authority on a 3-2 vote to spend money for an appraisal on a parcel sought for parks and open space. (Lindstrom Chisago County Press, MN)
In a bad economy, banks trade their way to profits Oct 16, 2009
The big banks are showing they can still make money, even as Main Street struggles _ though not from lending, refinancing homes or other bread-and-butter business. Instead, they're doing what Wall Street does best _ betting big on stocks, bonds, commodities and other assets. (Muscatine Journal, IO)
LPTs face currency hit Oct 16, 2009
Getting rid of AET&D will remove refinancing risk, meaning that BBI will not have any debt maturing until 2011 after the recapitalisation. HOT PROPERTY TIP. (Sydney Morning Herald -- Business)
JPMorgan Chase profit jumps, but loan losses remain high Oct 15, 2009
Financing Options: Need help financing or refinancing a home. JPMorgan Chase profit jumps, but loan losses remain high. (USA Today -- Money)
TOUSA lenders lose in nearly $700M ruling Oct 15, 2009
The crux of the suit was $500 million in loans to TOUSA as part of a July 2007 refinancing of a joint venture involving Transeastern. Olson ruled that the $500 million was a fraudulent transfer. (South Florida Business Journal, FL)
Dow hits 10,000; can rally go on? Oct 15, 2009
Financing Options: Need help financing or refinancing a home. Dow hits 10,000; can rally go on. (USA Today -- Money)
No shame in walking away from mortgage Oct 15, 2009
Those who strategically default are using system the way it was designed. More from The Big Money. (MSNBC -- Business)
Atlanta Spirit owner: Lawsuit didnt hurt teams Oct 14, 2009
Theyre also looking into saving money in this era of low interest rates by refinancing the bonds that paid for Philips Arena. Gearon was quite clear on whether he thought Atlanta would lose an NHL team for the second time: I didnt get involved in this to move a team. (Atlanta Journal-Constitution -- Business)
Judge in Bear Stearns trial rejects jurors for bias Oct 14, 2009
Financing Options: Need help financing or refinancing a home. Judge in Bear Stearns trial rejects jurors for bias. (USA Today -- Money)
Congress moves to regulate OTC derivatives trading Oct 14, 2009
Financing Options: Need help financing or refinancing a home. Congress moves to regulate OTC derivatives trading. (USA Today -- Money)
Compare and save on home loans Oct 14, 2009
Home Loans, Lowest Rate Mortgage, Refinancing Australia - Money Manager. . (Sydney Morning Herald -- Entertainment)
More of this story Oct 14, 2009
1 Million By Refinancing School Bonds ... The savings from the refinancing will be deposited into a bond refunding account and may be used toward new construction or renovations of academic facilities and the purchase of academic equipment, Superintendent Dr. Janice Warren reminded board members before a motion was made to accept a resolution to refinance bonds ... At the time of the approval, district financial advisor Norman Hill estimated the district would save 850,000 over a three year span... (Hamburg Ashley County Ledger, AR)
Best UK Mortgage Rates Oct 14, 2009
This means that home mortgage refinancing rates will remain very low for the foreseeable future. Why Home Mortgage Rates Will Stay Low. (Suite101.com)
Aussie-born doctor wins award Oct 13, 2009
October 13, 2009 - 7:54PM. An Australian-born doctor who improves the health of women in Ethiopia has won an international award. (Sydney Morning Herald -- World)
Today's entrepreneur Oct 13, 2009
Financing Options: Need help financing or refinancing a home. Dogtopia founder is there for dog day care franchisees. (USA Today -- Money)
