House of Representatives Committee postpones action on tax proposals Jun 30, 2009
House and Senate Republican leaders spent much of Saturday trying to corral support for the proposal, which includes spending cuts, transfers from special funds, use of stimulus money and refinancing of state prisons. The flat-tax proposal would cost the state an estimated $450 million a year, mostly by replacing the five current rates with one low one. (Casa Grande Valley Newspapers, AZ)
Why lenders demand title insurance Jun 30, 2009
A: This is a question everyone always asks, whether they are buying a house or refinancing an existing loan. Why do we need title insurance. (San Francisco Chronicle -- Business)
Rising oil, commodity prices pull stocks higher Jun 30, 2009
Financing Options: Need help financing or refinancing a home. Rising oil, commodity prices pull stocks higher. (USA Today -- Money)
What the Fed's Decision Means for Mortgage Rates Jun 29, 2009
Elevated mortgage rates threaten to upend President Barack Obama's plans to revive the housing market--and the economy as a whole--by limiting home loan refinancings and putting additional downward pressure on residential real estate prices ... Modify your loan into a low rate 30 year fixed without refinancing. (Yahoo News -- Top Stories)
Elite club: 10 beaten S&P 500 stocks double this year Jun 29, 2009
Financing Options: Need help financing or refinancing a home. 10 beaten S& P stocks double this year. (USA Today -- Money)
How to Avoid Rising Monetary Fees Jun 28, 2009
If an individual is suffering thanks to a low credit score (below 720) or is refinancing and has less than 40% equity, that individual can expect to pay as much as 3% of the loan value. The most simplistic solution to avoid this headache is to pay the bills in a timely fashion. (Suite101.com)
In Financial Crisis, Obama Is More of the Same Jun 28, 2009
As The Wall Street Journal reported Tuesday, "The Mortgage Bankers Association cut its forecast of home-mortgage lending this year by 27 percent amid deflating hopes for a boom in refinancing." The same association said that the total refinancing under the administration's much-ballyhooed Home Affordable Refinance Program is "very low.". Aside from a tight mortgage market, the problem in preventing foreclosures has to do with homeowners losing their jobs. (Paragould Daily Press, AR)
Fortress May Buy Swig's $640 Million Manhattan Condo Project After Default Jun 28, 2009
The mortgage and mezzanine debt matured when the credit crisis made refinancing almost impossible and condo sales had slowed, the person said. After learning that Guggenheim was looking to sell the debt, Swig approached Fortress to form a partnership to buy the debt, the person said. (Bloomberg -- US)
German banks under fire for credit policies Jun 28, 2009
" The tight money approach prevails despite a steady monetary easing by the European Central Bank, whose benchmark interest rate has been brought down from 4.25 per cent to a record low 1.0 per cent. "Banks have not lowered their rates, in order to build up their profit margins, and have raised their risk surcharges," said Karl-W. Giersberg, head of the federal small- and medium-sized business association BKM. The banks are also under pressure from capital reserve requirements imposed by their... (Channelnewsasia.com)
Dollar seen continuing weak trend Jun 28, 2009
A record amount of liquidity was injected into the money markets through the first-ever one-year refinancing operation last Wednesday. That offered banks the opportunity to tap unlimited funding for 12 months at 1. (India Times)
Stocks close the week mixed as consumers remain cautious Jun 27, 2009
Financing Options: Need help financing or refinancing a home. Stocks close the week mixed as consumers remain cautious. (USA Today -- Money)
Prominent NYC Skyscraper Secures Nearly $1.3B Loan Jun 27, 2009
Coming amid the worst commercial real estate market in decades, the refinancing package for the Bank of America tower drew congratulations from Mayor Michael Bloomberg and Gov. David Paterson ... The refinancing lag didn't affect construction of the 55-floor building, formally known as 1 Bryant Park, he said. (ABC News -- Wire)
SBA alters loan refinance terms Jun 27, 2009
The legislation allows 504 program projects to include a limited amount of debt refinancing if there is a business expansion and the debt refinanced does not exceed 50 percent of the projected expansion cost. The following are some conditions under which borrowers will be eligible for refinancing ... The borrower has been current on all payments of existing debt for one year prior to the date of refinancing. (Jacksonville Business Journal, FL)
Madoff ordered to forfeit $170B; lawyers seek 150-year sentence Jun 27, 2009
Financing Options: Need help financing or refinancing a home. Madoff ordered to forfeit $170B; lawyers seek 150-year sentence. (USA Today -- Money)
Foley Taking Aim at Dodd Jun 26, 2009
However, Mr. Cillizza has written that Mr. Dodd has been in a "free fall" for more than a year as a result of questions over the refinancing of mortgages, the value of a home that he owns in Ireland and his role in allowing bonuses to executives of financial services institutions that have received federal assistance. Mr. Dodd, who has long been noted for his ability to interact with voters, has been holding numerous events across the state over the last year, an indication that he and his... (Litchfield County Times, CT)
SBA loan program opens to refinancing Jun 26, 2009
for free extra services. Subscribe to Baltimore Business Journal. (Baltimore Business Journal, MD)
Stocks jump, led by homebuilders, retailers Jun 26, 2009
Financing Options: Need help financing or refinancing a home. Stocks jump, led by homebuilders, retailers. (USA Today -- Money)
Magistrate sets bond for Stanford, delays release Jun 26, 2009
Financing Options: Need help financing or refinancing a home. Magistrate sets bond for Stanford, delays release. (USA Today -- Money)
Landmarc Capital Co. seized by the state Jun 25, 2009
The company also provided loans to residential borrowers in need of home refinancing. Landmarc raised its money from an unspecified number of investors, whose investments were backed by deeds of trust. (AZCentral -- Business)
SBA amends 504 loan program Jun 25, 2009
The has amended to its 504 loan program to allow for the refinancing of real estate debt ... The refinancing must be tied to a business expansion, and the debt refinanced may not exceed 50 percent of the projected cost of that expansion. (Albany Business Review, NY)
Housing Need-To-Know Info For Tricky Tmes Jun 25, 2009
com Editor At Large Gives Her Tips On Home Buying, Selling And Refinancing, On "The Early Show". Font size. (CBS News -- Early Show)
Private equity firm's IPO plan on NYSE stalls Jun 25, 2009
Financing Options: Need help financing or refinancing a home. Private equity firm's IPO plan on NYSE stalls. (USA Today -- Money)
Investors eagerly await companies' earnings Jun 25, 2009
Financing Options: Need help financing or refinancing a home. Investors eagerly await companies' earnings. (USA Today -- Money)
Deal sends global warming bill to House floor Jun 24, 2009
Advice when Buying a House, Whether a 1st Time Buyer or Refinancing. Featured. (Yahoo News -- Politics)
Wary of a teed-off public, CEOs shy away from the golf course Jun 23, 2009
Financing Options: Need help financing or refinancing a home. In bad economy, CEOs don't want to be seen playing golf. (USA Today -- Money)
Investor anxiety surges as stock markets relapse Jun 23, 2009
Financing Options: Need help financing or refinancing a home. Investor anxiety surges as stock markets relapse. (USA Today -- Money)
Malaysian capital market seeing some signs of life Jun 23, 2009
CEOs: Firms in bond market more for refinancing ... Corporates are coming back to the bond market more for refinancing and not so much for new financing, said Lee Kok Kwan, deputy CEO and group treasurer of CIMB group. (The Star Online, Malaysia -- Business)
ClosingCorp Launches Online Source for Real Estate Closing Services Jun 23, 2009
"Today, buyers and sellers are struggling through the toughest real estate market in history. They should not have to struggle through the closing process as well. Closing.com will help consumers, including owners who are refinancing, learn about the closing process and save money, effectively lowering the cost of home ownership. It allows users to select certain closing costs if they choose or add options like home warranties, which are important to many buyers of foreclosures," said Farwell.... (PR Newswire)
Home Depot: County Board's turn Jun 23, 2009
Refinancing the debt will save the county about $3 million over 20 years. Following a closed session, approved a final offer from the Emerald Park Landfill Negotiating Committee with the provision that the county may challenge the offer. (Racine Journal Times, WI)
Debt woes hit Independent shares Jun 23, 2009
Comprehensive refinancing ... As part of their "comprehensive refinancing proposal" they are looking to sell off its African outdoor advertising business, UK gaming business Cashcade and German price comparison website Verivox. (BBC News -- Business)
Renting out 2nd home has challenges Jun 23, 2009
Q: I am in the process of refinancing my mortgage, and happened upon your advice in today's paper ... After refinancing, the payments on our first mortgage could be reduced by $400 or more; with the lower payments, we are less likely to default, thereby making the lender's position more secure. (San Francisco Chronicle -- Business)
Knowing When Homeowners Should Abandon Ship Jun 22, 2009
If you re having trouble making payments, you may be able to use this opportunity to lower your house payment through refinancing or a loan modification. Abandoning ship by vacating your home can damage your credit and make it much more difficult and costly to purchase a home when the market does recover. (RealtyTimes)
Bernanke Must Reassure `Confused' Market His Strategy Will Keep Rates Low Jun 22, 2009
dropped 16 percent in the week ended June 12 to the lowest in seven months, according to Mortgage Bankers Association data, as the jump in rates discouraged refinancing ... Without some more clarity on the Feds exit strategy, some people think this back-up in interest rates is going to create problems for housing and refinancing of mortgages, said , co-head of global economics for Morgan Stanley in New York. (Bloomberg)
Full Story » Jun 21, 2009
Modify your loan into a low rate 30 year fixed without refinancing. Featured. (Yahoo News -- Politics)
Chase sued over credit line suspensions Jun 21, 2009
The banking and credit card sectors have been criticized for denying or delaying home mortgage refinancing and modifications aimed at reducing foreclosures; for raising credit card interest rates and fees; and for curtailing credit lines to consumers and small businesses, even after receiving federal bailout money. Chase acquired WaMu last year after the latter ran into financial troubles. (Denver Business Journal, CO)
Avoiding foreclosure Jun 20, 2009
The people coming to Mission Hills asking about refinancing and modification options are educated enough to know they should qualify, Mitchell said. I tell people, keep going back over and over, because you ve got to wear them out, she said. (Klamath Falls Herald & News, OR)
Stocks log first weekly loss since early May Jun 20, 2009
Financing Options: Need help financing or refinancing a home. Stocks log first weekly loss since early May. (USA Today -- Money)
House Dems Attempt Health Care For All Jun 20, 2009
Nationalized Medicare Refinancing. Lets just call it like it is. (CBS News -- Politics)
Frank Lloyd Wright's famed Ennis House to be sold Jun 20, 2009
Advice when Buying a House, Whether a 1st Time Buyer or Refinancing. Homes for Rent in Seattle, WA. A marketplace of apartments, sublets and roommates posted by owners. (Yahoo News)
Feds: Forbes divorce is ploy to duck $3.2B Cendant penalty Jun 19, 2009
Financing Options: Need help financing or refinancing a home. Feds: Forbes divorce is ploy to duck $3. (USA Today -- Money)
Health care reform debate splits trade groups, business owners Jun 19, 2009
But Burns was forced to drop the health insurance idea as home refinancing money dried up in recent months and orders fell. A public option is worth considering, providing coverage is affordable, he said. (Pittsburgh Business Times, PA)
Why Feel Embarrassed By The World of Business? (Part I) Jun 19, 2009
Fifth, any refinancing must return a major share of profits to a new Social Security and Medicare lockbox, where the monies can go to pay for a dignified and assured retirement for every American. This Member isn't voting for a penny of it. (Townhall.com)
Loan rates fall from 7-month high Jun 19, 2009
5 percent for the week ending June 12, according to the Mortgage Bankers Association, while refinancing applications were down 23 percent from a week earlier. The average rate on a 15-year fixed-rate mortgage fell to 4. (Boston Globe)
What you can do as foreclosures head through the roof Jun 19, 2009
That includes refinancing programs for more than 4 million homeowners with loans guaranteed by Freddie Mac and Fannie Mae, and $75 billion in incentives to provide mortgage modifications for up to 4 million "at-risk" homeowners who are in danger of falling behind on payments. Q: Who is eligible for the refinancing help ... A: The refinancing option is available only for certain loans owned or securitized by Fannie Mae and Freddie Mac. (USA Today -- Money)
ProLogis Closes on $347 Million in Secured Loans Jun 19, 2009
It will also subsequently help cover refinancing of $285 million of remaining corporate debt maturing this year, and a portion of debt maturing next year. "The closing of these loans helps us in addressing our corporate refinancing requirements for the remainder of this year and into 2010," said William E. Sullivan, chief financial officer of ProLogis, which leases industrial facilities to manufacturers, retailers and transportation companies in North America, Europe and Asia. (ABC News -- Wire)
Group5 BEE deal caves in Jun 19, 2009
Group Five said in a statement it had given guidance to BEE investment firm iLima on refinancing initiatives. "In spite of significant efforts by iLima, Group Five and other interested parties, exacerbated by the current adverse financial market conditions, these refinancing initiatives have failed," Group Five said. (iAfrica.com)
Refiance to Reduce Stress Jun 19, 2009
This is done by way of refinancing the home loan to include all other short-term loans and debts ... Here is an illustration of how refinancing works ... After refinancing the car loan, personal loan and the credit card balanced into the home loan, the monthly repayment for the new home loan is $1,650. (Suite101.com)
Ex-CEO Scrushy ordered to pay HealthSouth shareholders $3B Jun 19, 2009
Financing Options: Need help financing or refinancing a home. Ex-CEO Scrushy ordered to pay HealthSouth shareholders $3B. (USA Today -- Money)
Greenberg: 'I was angry' about losing AIG CEO job Jun 18, 2009
Financing Options: Need help financing or refinancing a home. Greenberg: 'I was angry' about losing AIG CEO job. (USA Today -- Money)
Companies Signal High Anxiety With Record Share Sales Used to Retire Debts Jun 18, 2009
4 percent through June 16, borrowers are also refinancing maturing debt in the bond market ... Shareholders were asking us questions about the debt refinancing and how we were going to address this. (Bloomberg)
Mortgage Applications Fall to 7-Month Low Jun 18, 2009
A rise in mortgage rates in recent weeks had sapped demand, particularly for home loan refinancing, but the direction of rates reversed course last week ... com based in Charlotte, North Carolina, said borrowers who are considering refinancing their current mortgage are now reevaluating their decision, given the swift and sharp rise in mortgage rates over the past few weeks. (ABC News -- Business)
Bank oversight: Obama's out to bring key changes to the table Jun 18, 2009
Financing Options: Need help financing or refinancing a home. Obama aims to give regulators chance to rein in future crises. (USA Today -- Money)
Health Care -- Obama's Waterloo? Jun 18, 2009
Already the jump in mortgage rates has slowed home refinancing, which was the only aspect of the Obama economic program that was working well. But the foreign and domestic focus on the deficit has a harsher political impact: It forces the Democrats to come up with money to fund health care reform. (Human Events Online)
Senators Tackle $1T Health Care Challenge Jun 18, 2009
Medicare/Medicaid are going broke, a well known fact, and this opportunistic government is trying to market to the public universal healthcare when what they are really doing is nothing more than a refinancing of current program by spreading the cost to everyone ... The fact they want to fold it in proves they are just refinancing the debt on the rest of u3. (CBS News)
Some stocks evade bear, reach for highs Jun 18, 2009
Financing Options: Need help financing or refinancing a home. Some stocks evade bear, soar to new highs. (USA Today -- Money)
Eddie Bauer Files For Bankruptcy Protection Jun 18, 2009
Eddie Bauer considered refinancing of all or some of its debt, and it considered a reorganization, sale or liquidation through Chapter 11 bankruptcy protection, as well as continued operation on a modified business plan. It now hopes to be sold. (KIRO TV, WA)
Fresh look at bait-and-switch mortgage cases Jun 18, 2009
Home buying and mortgage refinancing are on the mind of many folks these days and I have upbeat and downbeat updates this week ... Several months ago, Hallgren inquired with JPMorgan Chase about refinancing his mortgage ... Rose Hayes of Guilderland paid $4,400 to Rochester Home Equity Inc. in April to lock in a refinancing of the mortgage on her home. (Albany Times Union)
Investors back from the brink, but not far Jun 17, 2009
That has threatened to kill a refinancing boom that has helped preserve the still-fragile health of recession-weary households and the banks that lend to them, at a time when credit losses show no sign of leveling off and the nation's unemployment rate races toward double-digits. The rise in bond yields and mortgage rates may also act to check the huge recent rally in global stock markets of the past three months, with the Federal Reserve trying to end an 18-month recession and yet not spur i... (India Times)
Madoff settles civil fraud charges with SEC Jun 17, 2009
Financing Options: Need help financing or refinancing a home. Madoff settles civil fraud charges with SEC. (USA Today -- Money)
LETTER: Tax bill shows housing slump is over Jun 17, 2009
With all the refinancing that's taken place since the beginning of the year in Douglas County, you can just about count on property taxes going up next year, too. " exbricklayer wrote on Jun 16, 2009 11:45 AM:" Scott. (Mattoon Journal-Gazette, IL)
Increased Financing Needs of the Sovereigns, Opening Remarks by Murilo Portugal, Deputy Managing Director, IMF at the Debt Managers' Forum, Istanbul Jun 16, 2009
This gives rise to a significant level of refinancing risk as external bonds and loans mature. In managing this refinancing need, EM issuers face not only increased competition from MM issuers, but also the challenges raised by deleveraging ... Updated Fund estimates point to around $200 billion of refinancing needs for EM sovereigns in both 2009 and 2010. (IMF News)
Madoff victims describe pain of fraud to judge Jun 16, 2009
Financing Options: Need help financing or refinancing a home. Madoff victims describe pain of fraud to judge. (USA Today -- Money)
No conundrum, again Jun 16, 2009
Such a scenario holds the potential to stop the mortgage refinancing boom in its tracks, while delaying a meaningful recovery in housing markets and household consumption. It is fundamental to my analysis that the unfolding reflation will be altogether different than previous ones. (Asia Times Online)
It all comes down to Keynes Jun 16, 2009
5% in the immediate aftermath of the Federal Reserve's March 17 announcement that it will start purchasing longer-term Treasuries as part of its "quantitative easing" program, is now nearing 4%, with the boon in real estate refinancing, and, to a certain extent, first time homebuying, being choked off as a result. Ferguson continued. (Asia Times Online)
REPAYING TARP IS NOT SO STRESS-FUL Jun 16, 2009
Mortgage rates have also vaulted higher in the weeks since the stress tests were completed, putting a wet blanket on mortgage and refinancing activity. At some banks, re-fi applications have dropped 50 percent in just the past month. (New York Post -- Business)
