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Hindalco Hires 10 Banks for $1 Billion Loan to Refinance Debt - Bloomberg
Aug. 29 (Bloomberg) -- Hindalco Industries Ltd. , India's largest producer of non-ferrous metals, hired 10 banks to arrange a $1 billion loan to refinance debt it took for the acquisition of Novelis Inc ., said three people involved in the deal. The ...

Banks negotiate Colonial rescue plan - Turkish Daily News
Banco Popular Espanol and La Caixa are negotiating a rescue plan for Inmobiliaria Colonial as the real estate company seeks to refinance its debt, El Economista reported, citing unidentified people with knowledge of the matter. The two banks, which ...

Capital Ideas - CFO.com
Reeling from billions of dollars of loan losses, banks have started to sell assets and rein in lending to keep their capital from eroding. This may be individually rational, but collectively it is imposing a vicious cycle of tightening credit ...

Australia's NAB says 2 securitisation execs leave - Reuters
(For the latest Australia and New Zealand bond news, double click on [AU/CRD] and then double click on the ID number) SYDNEY, Aug 29 (Reuters) - National Australia Bank (NAB.AX: Quote , Profile , Research , Stock Buzz ), the nation's top lender, said ...

Diocese to back schools bonds - The Gleaner
In a deal that will save the Catholic Diocese of Evansville about $100,000, Vanderburgh County is allowing the diocese to use its 1998 and 1999 bonding capacity to refinance $3.1 million in bond payments for school improvements. The arrangement is ...

RLPC-Dubai Financial signs $1.5 bln Islamic loan - Reuters
LONDON, Aug 27 (Reuters) - Dubai Financial Group has signed a $1.5 billion, three-year syndicated Islamic loan, the arranging banks announced on Wednesday. The murabaha facility, which closed oversubscribed, pays a profit rate of 200 basis points ...

Mortgage application volume rises slightly - Forbes
Mortgage application volume rose less than 1 percent during the week ended Aug. 22, according to the Mortgage Bankers Association's weekly application survey. The trade group's application index rose to 421.6 during the week, from 419.3 a week ...

UPDATE 1-UK lender Cattles H1 profit up 16.8 percent - Forbes
LONDON, Aug 28 (Reuters) - British lender Cattles reported a 16.8 percent increase in its half-year profit, but said more customers were experiencing repayment difficulties in the face of weakening economic growth. Cattles, which lends to consumers ...

Central Bank to Have a Dig at Mortgage - Kommersant
The Central Bank of Russia (CBR) focused on the mortgage loans market of the country, ordering banks to report in detail about the quality of given loans, arrears and sources to refinance the credit portfolio. The purpose to attain is to contain the ...

Help available for Palm Beach County homeowners facing foreclosure - Fort Lauderdale Sun-Sentinel
Delray Beach - Out of nowhere came the letter declaring the Garcias $6,000 behind in their house payments. It was like a sucker punch to the two young parents, who both worked two jobs during the tumultuous nine months of their mortgage meltdown ...

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Today's Mortgage Terms starting with O

  • Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.

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