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Informatie:
Conforming & Non-Conforming Mortgages
A conforming mortgage refers to a mortgage that is drawn up within the guidelines specified by the lending institutions referred to as Fannie Mae and Freddie Mac. The most common reason for a mortgage to be referred to as non-conforming is because the total amount of the mortgage exceeds the lending limits or total loan amount allowed. This type of non-conforming loan is often referred to as a Jumbo mortgage. ...
USAir Can Tap Federal Loan for Planes
ALEXANDRIA, Va. (Reuters) - A federal judge on Thursday approved bankrupt US Airways' (UAIRQ.OB: Quote , Profile , Research ) cash finance deal with a federal government board and another arrangement allowing the airline to take delivery of nine regional jets. The Air Transportation Stabilization Board is allowing US Airways to extend its use of cash proceeds from a federal loan through June 30. The No. 7 U.S. airline has said it plans to emerge from bankruptcy by June 30. sociale verzekeringsbank...
Delphi says refinancing to help restructure
NEW YORK (Reuters) - Auto parts maker Delphi Corp. said on Thursday it was increasing its credit facilities to help give it liquidity and flexibility to restructures in the face of federal probes into accounting, shrinking sales at key customers and rising commodity costs. Delphi said it intends to amend and upsize its existing $1.5 billion five-year revolving credit facility and put in place secured term loans, with the financing expected to close in early June. hypotheek bkr ...
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