Archive for the ‘Refinancing Loans’ Category

Briefs: Boeing takes orders for 10 large aircraft

05.26.11

Briefs: Boeing takes orders for 10 large aircraft
Boeing Co. says Lufthansa Cargo will buy five of its 777s, and LAN Airlines of Chile is buying five more 767s. Both planes are among Boeing ’s larger aircraft. The freighter version of the 777 has a list price of $269 million, making the order from Lufthansa Cargo of Germany worth roughly $1.3 billion. The 767s ordered by LAN would be worth almost $822 million. Discounts from Boeing ’s list …

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Fixed mortgage rates touch new lows for 2011

05.25.11

Fixed mortgage rates touch new lows for 2011
Fixed mortgage rates fell this week to the lowest point of the year, offering incentive for homeowners to save money by refinancing their loans. Freddie Mac says the average rate on the 30-year loan fell to 4.61 percent from 4.63. That’s the lowest level since mid-December.

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4 in 10 Could Face Higher Rates

05.24.11

4 in 10 Could Face Higher Rates
A proposed rule that would require homebuyers to put at least 20 percent down to qualify for the lowest mortgage rates would have excluded nearly two out of every five mortgages originated last

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Doolan questioned over conflict of interest in Nathans

05.22.11

Doolan questioned over conflict of interest in Nathans
Mervyn Doolan should have resigned as a director of collapsed finance company Nathans Finance if he felt there was a conflict of interest, the prosecution told the High Court at Auckland yesterday.

Read more on Timaru Herald

DJ Carey and partner told to pay bank €9.5m

05.15.11

DJ Carey and partner told to pay bank €9.5m
FORMER HURLER DJ Carey and his partner, businesswoman Sarah Newman, have consented at the Commercial Court to judgment for more than €9 million against each of them in favour of AIB Mortgage Bank arising from loans and guarantees of each other’s liabilities.

Read more on The Irish Times

Monroe Capital Provides $15 Million to Applied Merchant Systems

05.14.11

Monroe Capital Provides $15 Million to Applied Merchant Systems
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC announced the funding of a $15 million senior credit facility to Applied Merchant Systems West Coast, Inc. Monroe Capital’s loan facility was used to refinance existing debt, repurchase common stock, and provide ongoing working capital. Monroe Capital also provided a committed acquisition facility to the company as part of its financing. Applied …

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Biggest impediments

05.13.11

Biggest impediments
Two of the biggest impediments to refinancing under HARP are having mortgage insurance on the loan or having a second mortgage, says Ed Conarchy, a banker at Cherry Creek Mortgage Co. in Vernon Hills, Ill.

Read more on Bankrate.com