Prepayment Penalty

Type: Keyphrase
Name: Prepayment Penalty
First reported Sep 18 2014 - Updated Sep 18 2014 - 1 reports

Successful Restructuring And Expected Refinancing To Reverse Steep Downtrend In BlueLinx Holdings

Summary The stock is down 33% YTD due to concerns regarding the significant near-term debt maturity and apparent inability to benefit from the strong housing market. Despite these temporary challenges, EBITDA increased to the highest level in five years ... [Published Seeking Alpha - Sep 18 2014]
First reported Sep 18 2014 - Updated Sep 18 2014 - 1 reports

Capital One Provides $134M to Refi 25 Boston Multifamily Properties

BOSTON— Capital One Multifamily Finance of Bethesda, MD reports it has provided 19 Freddie Mac fixed-rate loans totaling $134.4 million for the Fineberg Companies of Wellesley, MA to refinance a portfolio of 25 multifamily properties, all located within ... [Published GlobeSt.com - Sep 18 2014]
First reported Sep 18 2014 - Updated Sep 18 2014 - 1 reports

New Daytona budget gets approval

DAYTONA BEACH — Odds are you’re going to pay more next year for everything from groceries to plane tickets. But most city property owners aren’t getting hit with a property tax hike.City commissioners voted Wednesday night that for the new fiscal year ... [Published Daytona Beach News Journal - Sep 18 2014]
Entities: Property, Homestead, Owner
First reported Sep 17 2014 - Updated Sep 17 2014 - 1 reports

Freddie Mac Beats Out Banks

LOS ANGELES— Freddie Mac ’s Fast Track Early Rate-Lock program has an advantage over banks because it can lock in a rate for a longer period of time, according to Allan Freedman , SVP with Berkadia Commercial Mortgage . In an earlier story , GlobeSt.com ... [Published GlobeSt.com - Sep 17 2014]
First reported Sep 17 2014 - Updated Sep 17 2014 - 1 reports

HUD Issues Final Rule Eliminating ‘Post Payment’ Interest Charges, Preventing FHA Loans from Being Prohibited Next Year

On August 26, 2014, the U.S. Department of Housing and Urban Development (HUD) issued a  final rule to allow FHA-approved lenders to charge an FHA loan borrower interest only through the date the loan is prepaid. The final rule also prohibits the charging ... [Published JD Supra - Sep 17 2014]
First reported Sep 15 2014 - Updated Sep 15 2014 - 1 reports

Hard Money Ideal For Speedy Deals

LOS ANGELES—To ensure a speedy transaction, the American Musical and Dramatic Academy secured a short-term hard-money loan for the acquisition of its new office building in Hollywood. In an earlier story , GlobeSt.com reported that AMDA purchased the ... [Published GlobeSt.com - Sep 15 2014]
First reported Sep 09 2014 - Updated Sep 09 2014 - 1 reports

Rule Change Eliminates 'Prepayment Penalty' On FHA-Backed Mortgages

Borrowers who prepay their Federal Housing Administration (FHA)-insured mortgages will not have to make interest payments beyond the date their mortgage is paid in full, under a new rule recently finalized by the agency .Currently, lenders are allowed ... [Published Mortgage Orb - Sep 09 2014]
First reported Sep 08 2014 - Updated Sep 09 2014 - 2 reports

SB Financial redeems USD 10.3m of TRUPs

- Ohio US-based bank holding company SB Financial Group Inc (NASDAQ: SBFG) has announced the early redemption of USD 10.3m in fixed-rate Trust Preferred Securities (TRUPs) effective as of September 7 2014. These TRUPs, which carry a fixed interest rate ... [Published Individual.com - Sep 09 2014]
First reported Sep 04 2014 - Updated Sep 04 2014 - 1 reports

HUD Issues Final Rule To Eliminate Post-Payment Interest On FHA Loans

On August 26, HUD issued its final rule prohibiting mortgagees from charging post-payment interest under FHA’s single family mortgage insurance program. The final rule is responsive to the CFPB’s ATR/QM rule, under which post-payment interest charges ... [Published JD Supra - Sep 04 2014]
First reported Sep 02 2014 - Updated Sep 02 2014 - 1 reports

Play With Fire And Win

Go ahead, do a Gatsby. Don’t hold yourself back from that purchase by not using the credit card. Go for EMIs if you are borrowing with prudent limitsReckless is probably the best word that describes Jay Gatsby, the protagonist of F. Scott Fitzgerald’s ... [Published Outlook Money - Sep 02 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

The economics of private practice startup

Despite the dire predictions of the demise of private medical practice in the U.S., physicians continue to open solo practices, form small private practice groups and purchase practices.Some go into private practice because it has always been their dream. ... [Published Healthcare Finance News - Aug 29 2014]
First reported Aug 26 2014 - Updated Aug 27 2014 - 3 reports

DS News Webcast: Wednesday 8/27/2014

[embedded content]The Federal Housing Administration announced earlier this week the passing of two new rules – one that prohibits lenders from charging interest on FHA-insured mortgages that are paid in full and one that changes the requirements for ... [Published DSNews.com - Aug 27 2014]

Quotes

"We were super excited, and everyone we knew was buying homes, and we thought that was 'just what you were supposed to do' at our age" says Stevens
...goal of becoming a top-quartile financial services company," said Mark Klein, President and Chief Executive Officer of SB Financial Group. "Our net interest margin will improve by replacing this high-interest regulatory capital instrument with funding that is substantially more cost-effective. We will recapture the entire prepayment penalty within two quarters as a result of the reduced interest expense, and then realize subsequent interest savings."
Homestar Financial, a Georgia-based mortgage banking firm is seeking qualified Retail Branch Managers in Florida "who will enjoy extraordinary commissions and manager compensation. With over 40 offices, Homestar is a leader in the Southeast in USDA, FHA, VA, conventional and jumbo loans. Homestar is a company that is focused on closing loans for originators and compensating them for what they accomplish. If you would like to join a company that you will never leave, contact John Berry, Division Manager, for a confidential conversation."

More Content

All (61) | News (53) | Reports (0) | Blogs (7) | Audio/Video (0) | Fact Sheets (0) | Press Releases (1)
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Protecting Customers -Safeguarding Stability: RBI [Published India Infoline - 3 hours ago]
Successful Restructuring And Expected Refinanci... [Published Seeking Alpha - Sep 18 2014]
Capital One Provides $134M to Refi 25 Boston Mu... [Published GlobeSt.com - Sep 18 2014]
New Daytona budget gets approval [Published Daytona Beach News Journal - Sep 18 2014]
Freddie Mac Beats Out Banks [Published GlobeSt.com - Sep 17 2014]
HUD Issues Final Rule Eliminating ‘Post Payment... [Published JD Supra - Sep 17 2014]
Another Court rules that availability of make-w... [Published Lexology - Sep 16 2014]
Hard Money Ideal For Speedy Deals [Published GlobeSt.com - Sep 15 2014]
5 Homeowners Reveal: The Biggest Home-Buying Mi... [Published Huffington Post - Sep 11 2014]
Lakeland Industries' (LAKE) CEO Christopher Rya... [Published Seeking Alpha - Sep 11 2014]
Rule Change Eliminates 'Prepayment Penalty' On ... [Published Mortgage Orb - Sep 09 2014]
SB Financial redeems USD 10.3m of TRUPs [Published Individual.com - Sep 09 2014]
Buyers' dilemma: Should you opt for floating/se... [Published India Infoline - Sep 09 2014]
SB Financial Group, Inc. Redeems Certain Trust ... [Published Scottrade - Sep 08 2014]
Housing and Economic Trends; Bank vs. Mortgage ... [Published MortgageNewsDaily - Sep 05 2014]
AMDA Buys Hollywood Creative Office Space [Published GlobeSt.com - Sep 05 2014]
Fixed-rate home loans back [Published Times of India - Sep 05 2014]
HUD Issues Final Rule To Eliminate Post-Payment... [Published JD Supra - Sep 04 2014]
FHA to eliminate 'post-payment' interest charges [Published Florida Realtor - Sep 03 2014]
New FICO Scoring Model Makes it Easier To Quali... [Published Digital Journal - Sep 03 2014]
Reachout Capital Funding Small Businesses Even ... [Published Digital Journal - Sep 03 2014]
Play With Fire And Win [Published Outlook Money - Sep 02 2014]
Hunt Mortgage Group Refinances a Multifamily Pr... [Published Myrtle Beach Sun News - Sep 01 2014]
3 Ways to Pay Off Your Mortgage Early [Published Credit.com - Aug 31 2014]
FHA Bars Post-Payment Charge on Prepaid Loans [Published Inside Mortgage Finance - Aug 30 2014]
The economics of private practice startup [Published Healthcare Finance News - Aug 29 2014]
Feds to Eliminate 'Post Payment' Interest Charges [Published Benzinga.com - Aug 27 2014]
FHA TO ELIMINATE “POST PAYMENT” INTEREST CHARGES [Published PressReleasePoint - Aug 27 2014]
DS News Webcast: Wednesday 8/27/2014 [Published DSNews.com - Aug 27 2014]
FHA Revises Rules Regarding Prepayments, ARMs [Published DSNews.com - Aug 26 2014]
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Blogs

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“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 ...
Can Paying Off Your Mortgage Early Hurt Your Ne... [Published MyBankTracker.com - Mar 31 2014]
Flickr |http://www.flickr.com/photos/flissphil/317449579/ Saving your money and making double or even triple payments on a mortgage may sound productive, but it could hurt your overall assets for the future, giving you less to utilize during retirement. ...
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Press Releases

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Marabella Commercial Finance, Inc. Achieves Str... [Published GlobeNewswire: Acquisitions News - Aug 05 2014]
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