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American Home to pay fraction of bankruptcy claims (Washington Post)
NEW YORK (Reuters) - American Home Mortgage Investment Corp (AHMIQ.PK), which was among the largest U.S. home loan providers before seeking bankruptcy protection a year ago, said it will pay unsecured creditors no more than 5.9 cents on the dollar as it liquidates assets.
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Loans cost £1.2bn more in interest (icWales)
CONSUMERS taking out best- buy unsecured personal loans could expect to pay £1.2bn more in interest than they would have if they had taken the loan out just more than a year ago.
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American Home says unsecured creditors will get virtually nothing (International Herald Tribune)
Shareholders will get nothing, the failed mortgage lender told a bankruptcy court.
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Rothmans Inc. announces redemption of RBH bonds (CNW Group via Yahoo! Finance)
Rothmans Inc. announced today that its 60%-owned subsidiary, Rothmans, Benson & Hedges Inc. is repaying its currently outstanding 5.552% Senior Unsecured Bonds due December 21, 2011 in the principal amount of C$150 million .
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Structuring a Bailout (New York Times)
Maybe it’s the lapse of the Securities and Exchange Commission’s emergency order banning naked short-selling with respect to 19 chosen financial institutions. Maybe it’s leaks, rumors — substantiated and otherwise — and the Barron’s article.
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Personal loan rates hit 7-year high (Channel 4)
Personal loan rates have hit a seven-year high as lenders continue to hike the cost of the deals in the face of the credit crunch. Financial information group Moneyfacts.co.uk said the best personal loan rate currently available for someone borrowing £5,000 over three years was 7.6%.
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UK & World News: Personal loan rates hit 7-year high (icNewcastle - Sunday Sun)
Personal loan rates have hit a seven-year high as lenders continue to hike the cost of the deals in the face of the credit crunch.
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Post Sells Atlanta Apartment Property, Refinances Others (Commercial Property News)
It’s only Wednesday and already it’s been a big week for upscale multi-family developer Post Properties of Atlanta. The REIT has sold its 250-unit Post Oglethorpe apartment community in Atlanta’s Brookhaven area for $38.5 million and has refinanced two apartment complexes held in joint ventures.
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Nomis augments team with hires from National City, Lloyds and GMAC (Finextra)
Nomis Solutions, the leader in price optimization for banking and finance, announced today the hiring of three key positions within its Global ...
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Receiver to Bank: Stop Interfering with Flake & Kelley (Arkansas Business)
A last-minute lawsuit filed Wednesday provides a surprising twist in the long-running battle over Brandon Barber's Legacy Building in downtown Fayetteville.
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