Secured Loans information
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.
China Citic Bank Holds $1.18 Billion of Fannie, Freddie Debt (Bloomberg.com) Aug. 21 (Bloomberg) -- China Citic bank Corp. , the banking unit of the nation's largest investment company, said it held $1.18 billion of home mortgages secured by Fannie Mae and Freddie Mac , making up all of its holdings backed by real-estate loans.
Bancolombia S.A. Announces Mortgage Securitization (PR Newswire via Yahoo! Finance) BANCOLOMBIA S.A. announces that it intends to sell mortgage loans to Titularizadora Colombiana S.A. amounting to approximately Ps. 191,098 million. These mortgage loans will be secured by Titularizadora through the issuance of TIPS .
Council loans cash to rugby team (BBC News) Nottingham City Council will loan £150,000 to help its rugby club "address short term cash flow issues".
City often uses BofA for private borrowing (San Diego Union-Tribune) The far-reaching financial scandal that dominated this decade in San Diego government left streets in disrepair, political careers in free fall and city retirees insecure about their pensions. To get through it, the city relied heavily on one bank. Bank of America provided two-thirds of $1.5 billion that the city borrowed privately since 2004, and will earn $159 million by the time the last loan ...
Wachovia sells land loans (BizJournals) Wachovia Corp. has sold a reported $40 million in development loans to LandCap Partners, a California real estate firm. (WB)
Nigeria: Commissioner - Nominees Expose Illegal Financial Dealings (AllAfrica.com) Shocking revelations emerged yesterday after the just concluded screening exercise conducted by the Bayelsa State House of Assembly for 19 commissioner? nominees in the state, on the award of contracts, illegal procurement of loans from banks and misuse of empowerment loan scheme by officials under the aborted 10? month administration of Governor Timipre Sylva.
General Growth Closes Part 1 of $1.8B Loan (Commercial Property News) Chicago-based General Growth Properties Inc. has wrapped up the initial phase of a new secured mortgage loan facility that is expected to total $1.75 billion.
Wachovia Sells Land, Construction Loans to LandCap (Update1) (Bloomberg.com) Aug. 20 (Bloomberg) -- Wachovia Corp. is selling land and construction loans secured by 2,900 housing lots to a joint venture headed by LandCap Partners, a residential-land company.
Wachovia sells land loans to LandCap (BizJournals) Wachovia Corp. has sold a reported $40 million in development loans to LandCap Partners, a Los Angeles real estate firm. (WB)
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