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    News and Articles on Refinancing

    Archives: Refinancing

    Governments Woeful Handling of the Petroleum Sector  Nov 7, 2009
    The fact is therefore inescapable that though the NPP Government was able to clean up the books of TOR by repackaging and refinancing the debt with bonds, the cumulative effect of the under recoveries during the height of the of the World Market Prices and the stock losses for a three-month inventory, the NPP Governments tax waivers and reductions, interest on TOR overdraft, exchange losses resulting from the depreciation of the cedi is what has now become famously known as the TOR Debt.... (Ghana Web, Ghana)

    Megha Mittal Meets Escada Workers in Munich, Says She Supports CEO Saelzer  Nov 7, 2009
    Escada, whose dresses are worn by actress and socialite Paris Hilton, filed for bankruptcy Aug. 13 after holders of only about half its bonds backed a refinancing, derailing a plan to obtain a bank loan and raise capital. Textile Magnates Daughter. (Bloomberg -- Germany)

    Stocks inch up despite jump in jobless rate; Dow up 3% for week  Nov 7, 2009
    Financing Options: Need help financing or refinancing a home. Stocks inch up despite jump in jobless rate; Dow up 3% for week. (USA Today -- Money)

    Stocks jump on positive economic data; Dow back above 10,000  Nov 6, 2009
    Financing Options: Need help financing or refinancing a home. Stocks rally on drop in jobless claims, upbeat Cisco forecast. (USA Today -- Money)

    European, British central banks leave rates alone  Nov 6, 2009
    "The November ECB monetary policy meeting should culminate in the widely expected decision of keeping the main refinancing rate at 1%," Ideaglobal analysts said in a Thursday research note. "No changes in terms of the nonstandard monetary policy operations are on the cards." Nonstandard measures are the ECB's version of quantitative easing. (USA Today -- Money)

    Hyatt, Ancestry.com successes show IPO market mending  Nov 6, 2009
    Financing Options: Need help financing or refinancing a home. Hyatt, Ancestry. (USA Today -- Money)

    Starbucks profit beats estimates; business picks up  Nov 6, 2009
    Financing Options: Need help financing or refinancing a home. Starbucks profit beats estimates; business picks up. (USA Today -- Money)

    Toys R Us preps bond to takeout CMBS Giraffe; potential IPO in the wings, sources say  Nov 5, 2009
    Bank of America and Deutsche Bank arranged the CMBS issues in 2005 during Toys LBO and are rumored to be preparing to launch the refinancing as early as this week, according to multiple sources. The mortgages on the properties in question continue to perform well, but with CMBS markets in deep freeze, refinancing the debt that way is not an option. (FT.com -- Markets)

    Tewksbury local aid slashed  Nov 5, 2009
    At a show cause hearing for Maverick s Restaurant on Main Street, Maverick s representatives said the restaurant is in the process of refinancing. They asked the selectmen for a two-week delay until they pass papers, and said the town of Tewksbury will be paid in full, with all back taxes. (Tewksbury Advocate, MA)

    Madoff accountant pleads guilty, says he's sorry  Nov 4, 2009
    Financing Options: Need help financing or refinancing a home. Madoff accountant pleads guilty, says he's sorry. (USA Today -- Money)

    Regulators OK Plan for PG&E Recovery  Nov 3, 2009
    "We just gave PG&E 10 early Christmas gifts Although the reorganization's overall cost to ratepayers promises to be hefty, they are likely to see lower electricity bills in the years ahead. That's because rates shot up to unprecedented levels -- twice the national average -- during the 2000-01 energy debacle. Energy experts noted that ratepayers would have been in for even more savings if PG&E hadn't elected to file for bankruptcy protection and hadn't won so many concessions from the PUC.... (Yahoo News -- Utility Industry Deregulation)

    Lower Your Taxes: 10 Moves to Make Now  Nov 3, 2009
    Look out for this common mistake: If you refinanced your mortgage previously to benefit from lower rates and paid points then, refinancing now for any reason means you can claim on your 2009 return whatevers left of those remaining points. Many borrowers forget to deduct these points because they dont show up on the closing papers at a new refinancing. (CBS News)

    Thanks for the ride ... and billions in fees  Nov 1, 2009
    Pivotally, Macquarie is being kicked out as manager of good MIG, ending the Macquarie-sourced deal-making, refinancings, revaluations and fee-ripping since MIG was renamed in 2000 ... Then a credit crisis made borrowing difficult, and a resulting asset deflation made revaluations for refinancing impossible. (Sydney Morning Herald -- Business)

    Rite Aid Shareholder Coutu Says Chain May Need to Sell Some U.S. Stores  Oct 31, 2009
    That hindered the integration of the Brooks Eckerd stores into Rite Aid and increased the cost of refinancing debt, Coutu said. Rite Aid fell 4 cents to $1. (Bloomberg -- Canada)

    As the New Orleans Arena's 10th anniversary is celebrated, its tremendous benefits are more than could have been expected  Oct 31, 2009
    UPDATED: 3 :28 a.m. CDT, October 31, 2009. Friday, October 30, 2009 By Jimmy Smith Staff writer. (Nola.com -- Sports)

    No tax hike budget wins approval  Oct 31, 2009
    There was also an elimination of unused sick-day payouts, refinancing of bonds, expected sale of delinquent tax properties amounting to just under $1 million. Blanchfield said the budget uses reserve fund balances available by $241,000, but the money is mostly allocated to temporary projects that shouldn't return in future budgets, freeing them up again. (Albany Times Union)

    paidContent: Media stocks are flying  Oct 31, 2009
    Grant Thornton notes Yell, Trinity Mirror () and Johnston Press amongst those to have turned around their market valuation, following refinancing and restructuring plans: may signal a re-bound to a more consistently positive sentiment for the media industry as a whole after over two years out of favour with the market. (The index excludes FTSE 100 and Micro Cap companies). (Guardian Unlimited -- Media)

    The banks are rolling in it despite air of despondency  Oct 31, 2009
    They have put off for as long as possible long-term refinancing. Even though global credit markets are slowly thawing, rates are still higher than in 2007. (Sydney Morning Herald -- Business)

    Macquarie's core profits under pressure  Oct 31, 2009
    4 billion that are debt-laden and in need of refinancing. Macquarie will bank $50 million for co-operating with its departure as manager of the mature tollway fund, and separately clip 1 per cent of the funds market capitalisation on listing, as payment for acting as financial adviser on the deal: how it is able to advise on the deal when it is also a beneficiary is not explained. (Sydney Morning Herald -- Business)

    Stocks plunge as worries mount about recovery; Dow drops 250  Oct 31, 2009
    Financing Options: Need help financing or refinancing a home. Stocks plunge as worries mount about recovery; Dow drops 250. (USA Today -- Money)

    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)

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