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Turkish Lender Garanti Raises $575 Million to Refinance Debt (Bloomberg)
Dec. 2 (Bloomberg) -- Turkiye Garanti Bankasi AS , part-owned by General Electric Co., raised $575 million in loans to help refinance debt. Garanti, based in Istanbul, agreed to pay annual interest of 2 percentage points more than the London interbank offered rate on the one-year loan, Deputy Chief Executive Officer Tolga Egemen said in an interview today.
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Mortgage Brokers: Now Is Good Time To Refinance (NBC 17 Raleigh)
While most money matters aren't looking up right now, if you're looking to refinance your home, mortgage brokers said this is the time to do it. In the last few days, rates have fallen to just a little more than 5 percent, the lowest they've been in three years. It's also a good time to see if a no closing cost mortgage loan might work for you. It gives people the option to refinance or ...
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Mortgage Brokers: Now Is Good Time To Refinance (NBC 17 Raleigh)
While most money matters aren't looking up right now, if you're looking to refinance your home, mortgage brokers said this is the time to do it. In the last few days, rates have fallen to just over 5%, the lowest they've been in three years. It's also a good time to see if a no closing cost mortgage loan might work for you. It gives people the option to refinance or purchase a new home with ...
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Mortgage Refinance Applications Soar As Rates Fall (Nasdaq)
NEW YORK -(Dow Jones)- Applications to refinance mortgages soared last week as interest rates dipped by almost 1 percentage point after the Federal Reserve announced that it would purchase billions in mortgage related debt.
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Time to refinance? Mortgage rates historically low (Summit Daily News)
The Federal Reserve announced last week that it would purchase up to $100 billion in direct debt of Fannie, Freddie, and the Federal Home Loan Banks, along with up to $500 billion of mortgage-backed securities backed by Fannie, Freddie and Ginnie...
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Refinance now, or possibly never (International Herald Tribune)
European companies with debt maturing soon should refinance before the competition heats up next year, analysts say.
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Proposal could drop mortgage rates to 4.5 percent (San Jose Mercury News)
If Treasury Department approves plan, said one mortgage broker, 'We would have everybody and their brother who had equity in their homes coming to refinance. That would be an amazing influx of loan applications. It would keep things going for a long, long time.'
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Home Loan Fraud Still Rising; Florida Leads Nation (HispanicBusiness.com)
Despite more stringent underwriting of mortgages in the wake of record foreclosures, lenders continued to battle home loan fraud during the second quarter of the year, with Florida borrowers again submitting more questionable loan applications than borrowers in any state in the nation, according to an industry report released Tuesday.
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Garanti of Turkey Raises $575 Million to Refinance (Update1) (Bloomberg)
Dec. 2 (Bloomberg) -- Turkiye Garanti Bankasi AS , part-owned by General Electric Co., raised $575 million in loans to help refinance debt. Garanti, based in Istanbul, agreed to pay annual interest of 2 percentage points more than the London interbank offered rate on the one-year loans, Deputy Chief Executive Officer Tolga Egemen said in a telephone interview today.
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Russian Property Developer PIK Gets $262 Million Loan From VEB (Bloomberg)
Dec. 1 (Bloomberg) -- PIK Group , Russia’s second-biggest property developer, received a $262 million loan from state development bank Vnesheconombank to refinance foreign debt.
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