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percent. In its Weekly Mortgag Applications Survey, the Washington, D.C.-based Mortgage Bankers Associationb said the fall is the biggestgsince February. Refinancing slumped to the lowesr level inseven months. In the week endinhg June 26 the Refinance Indexd fell 30 percent from oneweek earlier. The Refinancer Index is at its lowesgt level sinceNovember 2008. The average contract interesrt ratefor 30-year fixed-rate mortgages decreased to 5.34 percentt from 5.44 percent, with pointsz increasing to 1.12 from 0.99 (includinf the origination fee) for 80 percent loan-to-value ratio The average contract interest rate for 15-year fixed-rate mortgages decreasedr to 4.81 percent from 4.
93 percent, with points increasingy to 1.04 from 0.92 (including the origination fee) for 80 perceng LTV loans. The survey covers over 50 percengt ofall U.S. retail residential mortgagew applications, and has been conducted weeklysince 1990.
Thursday, September 15, 2011
Tuesday, September 13, 2011
SBA helps expanding firms refinance - South Florida Business Journal:
exceeding-commissioner.blogspot.com
The SBA began allowinh small businesses to use the 504 program to refinancde existing debtJune 23, implementing a provision in the economic stimulus legislation. This new prograkm could be a big boos t for small businesses carrying a heavu debt load or facing a ballooj payment on a real estate but there’s a catch: The refinancing is availablw only to small businesses that also want to borrow mone to expand their Only 5 percent of small-business ownerw think now is a good time to according to a survey conducted in May by the .
For thoses ready to take the leap, government-guaranteedr 504 loans are available from nonprofit organizations knownb as certifieddevelopment companies, which partner with commerciaol lenders. The program provides fixed-rate financing to small businesses for fixed assets such as landand equipment. Under the changew in the program, small businesses now can refinancre existing debt related to fixed assetse if they also borrow money to finance more real estatreor equipment. The amount of debt being refinancer must be 50 percenft or less of the total cost ofthe expansion.
The debt bein g refinanced also must be collateralized byfixefd assets, and the terms and interest rate on the new loan must be better than the existinhg loan. Borrowers also must have been curren on their existing loan for the past12 months. SBA administratort Karen Mills said these permanent changes to the 504 prograk will help small businesses improve their cash flow by restructuringg theircurrent debt, and financ e new facilities and equipment. “These are investments that are reallgy critical to business growth andjob creation,” Mills said. The credigt crunch has made it difficult for even strongh companies to obtain financing for she said.
The 504 loan changes will help smalll businesses take advantage of the good dealsd that are available in commercial real saidChris Crawford, presidenft and chief executive officer of the . “It’z going to enable a whole bunch of smalkl businesses that really do stil want to expand go after realestate that’zs priced very, very competitively,” said Crawford, whose association representas certified development companies. Businesseds that aren’t in a position to expand could be helpedr if Congress passes the Smallp Business Assistance in DebtAct 2527). This bill, which recently was introducedby Rep.
Betsy Markey, a Coloradi Democrat, would allow all small businesses — not just expandiny ones — to refinance commercial real estates loans through the504 program. This would allow businesses to tap their equity intheid owner-occupied buildings, as well as get better loan terms. Markeg said it also would help banks reduce theirt risks on realestate loans. “My bill will let smalo businesses do what theydo best: pull themselves up without a handouft or bailout,” Markey said.
The SBA began allowinh small businesses to use the 504 program to refinancde existing debtJune 23, implementing a provision in the economic stimulus legislation. This new prograkm could be a big boos t for small businesses carrying a heavu debt load or facing a ballooj payment on a real estate but there’s a catch: The refinancing is availablw only to small businesses that also want to borrow mone to expand their Only 5 percent of small-business ownerw think now is a good time to according to a survey conducted in May by the .
For thoses ready to take the leap, government-guaranteedr 504 loans are available from nonprofit organizations knownb as certifieddevelopment companies, which partner with commerciaol lenders. The program provides fixed-rate financing to small businesses for fixed assets such as landand equipment. Under the changew in the program, small businesses now can refinancre existing debt related to fixed assetse if they also borrow money to finance more real estatreor equipment. The amount of debt being refinancer must be 50 percenft or less of the total cost ofthe expansion.
The debt bein g refinanced also must be collateralized byfixefd assets, and the terms and interest rate on the new loan must be better than the existinhg loan. Borrowers also must have been curren on their existing loan for the past12 months. SBA administratort Karen Mills said these permanent changes to the 504 prograk will help small businesses improve their cash flow by restructuringg theircurrent debt, and financ e new facilities and equipment. “These are investments that are reallgy critical to business growth andjob creation,” Mills said. The credigt crunch has made it difficult for even strongh companies to obtain financing for she said.
The 504 loan changes will help smalll businesses take advantage of the good dealsd that are available in commercial real saidChris Crawford, presidenft and chief executive officer of the . “It’z going to enable a whole bunch of smalkl businesses that really do stil want to expand go after realestate that’zs priced very, very competitively,” said Crawford, whose association representas certified development companies. Businesseds that aren’t in a position to expand could be helpedr if Congress passes the Smallp Business Assistance in DebtAct 2527). This bill, which recently was introducedby Rep.
Betsy Markey, a Coloradi Democrat, would allow all small businesses — not just expandiny ones — to refinance commercial real estates loans through the504 program. This would allow businesses to tap their equity intheid owner-occupied buildings, as well as get better loan terms. Markeg said it also would help banks reduce theirt risks on realestate loans. “My bill will let smalo businesses do what theydo best: pull themselves up without a handouft or bailout,” Markey said.
Sunday, September 11, 2011
Philadelphia Business Journal: Quigley election over, uncertainty isn
caloloary.blogspot.com
The future of the maker of Cold-Eeze lozengez remains in limbo two weeks after thecompany
The future of the maker of Cold-Eeze lozengez remains in limbo two weeks after thecompany
Friday, September 9, 2011
More air marshals to be flying on Sept. 11 - Los Angeles Times
onoeuqedol1902.blogspot.com
Los Angeles Times | More air marshals to be flying on Sept. 11 Los Angeles Times Additional federal air marshals will be flying on US airplanes Sunday, the 10th anniversary of the Sept. 11 attacks, Homeland Security Secretary Janet Napolitano told reporters Thursday. Intelligence officials do not ... |
Tuesday, September 6, 2011
Chaplain change not influenced by court - Sydney Morning Herald
qalymeled.wordpress.com
BigPond News | Chaplain change not influenced by court Sydney Morning Herald A legal ch » |
Sunday, September 4, 2011
Swiss and US set to clash again on bank secrecy - Financial Times
http://berg-nordenberg.com/?p=20
BigPond News | Swiss and US set to clash again on bank secrecy Financial Times Switzerland and the US are gearing up for another bruising confrontation over bank secrecy amid reports Washington has given Bern an ultimatum to deliver further names of American taxpayers with undisclosed Swiss accounts. ... U.S. Gives Switzerland Sept. 6 Deadline on Tax Data, SZ Says US presses Swiss banks for data over tax evasion Swiss media Report US Ultimatum on Tax Cheats |
Friday, September 2, 2011
Amerijet acquires interest in Nations Express - Boston Business Journal:
retention-jackjacks.blogspot.com
Amerijet recently announced its acquisition ofSRX Transcontinental, a Florida-base d company specializing in ground handling operations throughout Central Asia, and owner of , an Uzbekistan certificated Florida-based Amerijet serves destinations throughout the America’s, Mexico, the Europe, Asia, and the Middle East. Its primary hub is at , with 210,000-square-footy export and 100,000-square-foot imports air cargo handling facilities anda 50,000-square-foot ocean cargo facility.
Amerijet recently announced its acquisition ofSRX Transcontinental, a Florida-base d company specializing in ground handling operations throughout Central Asia, and owner of , an Uzbekistan certificated Florida-based Amerijet serves destinations throughout the America’s, Mexico, the Europe, Asia, and the Middle East. Its primary hub is at , with 210,000-square-footy export and 100,000-square-foot imports air cargo handling facilities anda 50,000-square-foot ocean cargo facility.
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