Prepayment Penalty

Type: Keyphrase
Name: Prepayment Penalty
First reported Oct 14 2014 - Updated Oct 14 2014 - 2 reports

Charges other than interest cost associated with home loans [Mint, New Delhi :: ]

Oct. 14--In August, lending institutions, such as State Bank of IndiaProcessing chargeThis is paid along with the application form to avail a home loan. It is typically 0.25-0.50% of the loan amount. For instance, SBI charges 0.25% of the loan amount ... [Published BusinessWeek - Oct 14 2014]
First reported Oct 09 2014 - Updated Oct 09 2014 - 1 reports

Make whole premiums and unmatured interest

Judge Drain’s recent decision confirming the Momentive Performance Materials Inc. plan is just the latest in a series of recent cases involving “make whole” premiums. As in several of the recent cases, the lenders lost because the contract did not clearly ... [Published Lexology - Oct 09 2014]
First reported Oct 03 2014 - Updated Oct 03 2014 - 1 reports

Commercial Real Estate Loans

Commercial real estate (CRE) is income-producing real estate that is used solely for business purposes, such as retail centers, office complexes, hotels and apartments. Financing – including the acquisition, development and construction of these properties ... [Published Investopedia - Oct 03 2014]
First reported Oct 03 2014 - Updated Oct 03 2014 - 1 reports

TruAmerica Multfamily Buys AZ Res Property with $24.8 Mil in Financing

TruAmerica Multifamily has obtained $24.8 mil in bridge loan financing for the acquisition of Avenue 25 Apartments, a 254-unit residential community in Phoenix, AZ. The loan was arranged by Meridian Capital Group LLC and provided by Capital One Multifamily ... [Published RENTV.com - Oct 03 2014]
First reported Oct 02 2014 - Updated Oct 02 2014 - 1 reports

Lower Saucon reviews Woodland Hills subdivision

LOWER SAUCON TWP., Pa. -The Lower Saucon Township Council Wednesday evening approved a three-lot subdivide of the former Woodland Hills Golf Course property located on Lower Saucon Road.The site’s banquet facility site may become a Hindu temple.Township ... [Published WFMZ-TV Online - Oct 02 2014]
First reported Sep 30 2014 - Updated Sep 30 2014 - 2 reports

Buried In Too Much Student Debt? Here's One Potential Solution

Shutterstock More than 40 million Americans have student debt.This post is sponsored by Citizens Bank .Many of us remember the joy of receiving our first real (adult!) paycheck ... and the disappointment that kicked in when we realized a lot of it would ... [Published Business Insider - Sep 30 2014]
First reported Sep 30 2014 - Updated Sep 30 2014 - 1 reports

What is balance transfer of your home loan?

Home loan balance transfer on the face of it looks like a simple loan transfer. But it is not as simple as it seems, simply because the stakes involved are higher.If interest on loan is fixed between two and five years, consumers whose loan is in the ... [Published MyIris - Sep 30 2014]
First reported Sep 25 2014 - Updated Sep 25 2014 - 1 reports

Lending Club

is a peer-to-peer lender that has facilitated more than $5 billion in loans since it launched in 2007. Although originally aimed at pairing consumers in need of loans with investors, Lending Club now seeks to make credit more accessible to and affordable ... [Published TopTen Reviews - Sep 25 2014]
First reported Sep 22 2014 - Updated Sep 23 2014 - 2 reports

NorthMarq Capital Finalizes $2.5M Refi Of N.H. Office Building

NorthMarq Capital's Boston-based regional office secured a $2.45 million refinance of an office property in Concord, N.H.The 27,253-square-foot building is located at One Pillsbury St. The commercial mortgage transaction was structured with a seven-year ... [Published Banker & Tradesman - Sep 23 2014]
First reported Sep 23 2014 - Updated Sep 23 2014 - 1 reports

Existing-Home Sales Slightly Dip in August as Investor Activity Declines

Cash sales activities in the real estate sector declined in August causing home sales to slightly retreat during the month after four months of successive gains, according to the National Association of Realtors. Sales increases in the Northeast and Midwest ... [Published Benzinga.com - Sep 23 2014]
First reported Sep 23 2014 - Updated Sep 23 2014 - 1 reports

Post Properties closes sale of NYC apartment communities

ews EditorThe Post Luminaria and Post Toscana communities were sold for a combined price of $270M.A portion of the net proceeds was used to prepay the mortgage of about $82.6M, including a prepayment penalty of roughly $13M. After all payments, Post (NYSE:PPS) ... [Published Seeking Alpha - Sep 23 2014]
First reported Sep 22 2014 - Updated Sep 23 2014 - 1 reports

Existing-Home Sales Slightly Lose Momentum in August as Investor Activity Declines

WASHINGTON, DC -- (Marketwired) -- 09/22/14 -- After four consecutive months of gains, existing-home sales slipped in August as investors paying in cash retreated from the market, according to the National Association of Realtors®. Sales increases in ... [Published BusinessWeek - Sep 22 2014]

Quotes

...adds, "Realtors(R) applaud the recent policy change to eliminate post-payment interest charges on FHA-insured single-family mortgages," he said. "The prepayment penalty placed an unfair and unreasonable burden on consumers who already face high housing and closing costs."
"We were pleased to be able to continue a relationship that goes back over 15 years with the borrower," Chase said in a statement. "Many of our capital sources recognized the quality of the realreal estate and the ownership, and we were successful placing the transaction with a regional bank who met the borrower's requirements for a cash-out refinancing with a long-term fixed rate and a flexible prepayment penalty."
On the subject of mortgage financing, Brown adds, "Realtors applaud the recent policy change to eliminate post-payment interest charges on FHA-insured single-family mortgages,” he said. "The prepayment penalty placed an unfair and unreasonable burden on consumers who already face high housing and closing costs.”"

More Content

All (54) | News (47) | Reports (0) | Blogs (5) | Audio/Video (0) | Fact Sheets (0) | Press Releases (2)
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Union Bankshares Announces Third Quarter Ended ... [Published GlobeNewswire: Acquisitions News - Oct 15 2014]
Union Bankshares Announces Third Quarter Ended ... [Published Reliance Trust - Oct 15 2014]
Charges other than interest cost associated wit... [Published BusinessWeek - Oct 14 2014]
Charges other than interest cost associated wit... [Published Livemint.com - Oct 14 2014]
Benefits Of Stafford Loans [Published Investopedia - Oct 10 2014]
FHA Multifamily Rental Project Closing Document... [Published Pepper Hamilton LLP - Oct 10 2014]
NorthMarq Capital Negotiates $5 Million Refinan... [Published Citybizlist - Oct 09 2014]
Make whole premiums and unmatured interest [Published Lexology - Oct 09 2014]
Commercial Real Estate Loans [Published Investopedia - Oct 03 2014]
TODAY’S DEALS: Grandbridge Closes $21M Acquisit... [Published Multi-Housing News - Oct 03 2014]
Department of Defense Announces Proposed Change... [Published JD Supra - Oct 03 2014]
TruAmerica Multfamily Buys AZ Res Property with... [Published RENTV.com - Oct 03 2014]
Lower Saucon reviews Woodland Hills subdivision [Published WFMZ-TV Online - Oct 02 2014]
Buried In Too Much Student Debt? Here's One Pot... [Published Business Insider - Sep 30 2014]
Buried In Too Much Student Debt? Here's One Pot... [Published Clusterstock - Sep 30 2014]
What is balance transfer of your home loan? [Published MyIris - Sep 30 2014]
MicroCoal® Technologies Receives Loan [Published Stockwatch - Sep 29 2014]
Existing Homes Sales Slip in August [Published BuildingOnline - Sep 28 2014]
Lending Club [Published TopTen Reviews - Sep 25 2014]
6 good reasons why you must go for personal loans [Published rediff.com - Sep 25 2014]
Deal on Nichols Landing, park inches closer [Published Hood River News - Sep 24 2014]
AgAmerica Lending Refinances Citrus and Pasture... [Published PRWeb - Sep 24 2014]
NorthMarq Capital Finalizes $2.5M Refi Of N.H. ... [Published Banker & Tradesman - Sep 23 2014]
Existing-Home Sales Slightly Dip in August as I... [Published Benzinga.com - Sep 23 2014]
Post Properties closes sale of NYC apartment co... [Published Seeking Alpha - Sep 23 2014]
NorthMarq Capital Finalizes $2.45 Million Refin... [Published Citybizlist - Sep 22 2014]
Existing Home Sales Reflect Dwindling Investor ... [Published MortgageNewsDaily - Sep 22 2014]
Existing home sales drop 1.8% on cash buyer ret... [Published HousingWire.com - Sep 22 2014]
Existing-Home Sales Slightly Lose Momentum in A... [Published BusinessWeek - Sep 22 2014]
Existing-Home Sales Slightly Lose Momentum in A... [Published 4 Traders - Sep 22 2014]
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Blogs

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Buried In Too Much Student Debt? Here's One Pot... [Published Clusterstock - Sep 30 2014]
This post is sponsored by Citizens Bank . Many of us remember the joy of receiving our first real (adult!) paycheck ... and the disappointment that kicked in when we realized a lot of it would go toward paying off student loans. Though it's a ...
“Teaser” Payments: Trick or Treat? [Published Livinglies's Weblog - Aug 19 2014]
For more information on foreclosure offense, expert witness consultations and foreclosure defense please call 954-495-9867 or 520-405-1688. We offer litigation support in all 50 states to attorneys. We refer new clients without a referral fee or co-counsel ...
CMBS 2.0 loan prepays [Published Structured Credit Investor - Latest Issue News - Aug 18 2014]
The US$19.5m Acropolis Gardens Realty Corp loan, securitised in WFRBS 2013-C15, has paid off with a prepayment penalty (see SCI's CMBS loan events database). The building ... ...
Adex Mining Announces Obtaining Loan of Up to A... [Published Marketwire - Breaking News Releases - Aug 15 2014]
TORONTO, ONTARIO--(Marketwired - Aug. 15, 2014) - Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) announces that it has entered into a loan agreement with Great Harvest Canadian Investment Company Limited ("Great Harvest") to provide an ...
AXMIN Announces Shareholder Loan [Published Marketwire - Breaking News Releases - Jul 09 2014]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 9, 2014) - AXMIN Inc. (TSX VENTURE:AXM) ("AXMIN" or the "Company") announces that AXMIN's major shareholder, Dickson Resources Limited ("Dickson"), has agreed to provide the Company with a revolving ...
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Press Releases

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Union Bankshares Announces Third Quarter Ended ... [Published GlobeNewswire: Acquisitions News - Oct 15 2014]
Marabella Commercial Finance, Inc. Achieves Str... [Published GlobeNewswire: Acquisitions News - Aug 05 2014]
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