Town welcomes debt relief for stormwater work Nov 21, 2009
23 annual debt service over 30 years if the remaining $11,420 in loan principal is not repaid immediately. To reach reporter Colin DeVries please call 518-943-2100 ext. (Catskill Daily Mail, NY)
Primaris Retail REIT Announces Third Quarter Results Nov 11, 2009
The annual requirement to fund loan principal payments amounts to approximately $20 million. There are no commitments to fund mezzanine loans. (CCNMatthews Press Releases)
Mortgage modifications keep some homes out of foreclosure Nov 10, 2009
Not only did interest rates jump, the loans became fully amortizing, which means the payments reset higher to include the loan principal and interest. A homeowner who got a $400,000 loan at a teaser rate, for instance, could pay as little as $600 a month for the first two years. (Sacramento Business Journal, CA)
* Nanya Technology sales rise on higher chip prices Nov 4, 2009
Under the terms, Powerchip only paid monthly interest on bank loans after obtaining a six-month grace period twice since the beginning of the year to repay the loan principal. Next year, Powerchip would pay back loans normally, Tang said. (Taipei Times, Taiwan -- World Business)
Choosing federal over private loans can help keep student debt in check Oct 25, 2009
Clearly of the two types of loans, subsidized is better because with an unsubsidized loan, unpaid interest that accrued during the in-school period and the six-month grace period after leaving school is added to the loan principal. Students should always borrow federal first, as federal loans are cheaper, said Mark Kantrowitz, publisher of and. (Boston Globe)
Uncle Sam Demands More Than Valentine From Farmers (2) Oct 11, 2009
If it is bought back at less than the loan principal and/or interest amount, there s market gain. You d report the interest and principal forgiven (i. (Agri-View, WI)
Loans of a credit Oct 5, 2009
So, to encourage greater lender participation in 2009 and allay fears about defaults, the recently passed economic recovery package allotted an extra $375 million to the 7(a) and 504 loan programs (for more on 504 loans see below), which will enable the SBA to eliminate loan fees for borrowers on both types of loans and increase to 90 percent its loan principal guarantees on 7(a) loans through the rest of calendar year 2009. And to further revive 7(a) lending, the SBA to will also set up a new... (Suite101.com)
Homeowners get free mortgage modifications Oct 3, 2009
"A friend of mine used NACA a few months ago and actually got his loan principal down by 50 percent," said Sieminski, who was seeking a loan modification from the group on Friday. He said the HUD-approved non-profit's methods are no worse than those of lenders who have refused to lower struggling borrowers' payments on their own. (AZCentral -- Business)
Loan-mod laws no help Sep 24, 2009
Like an increasing number of borrowers, he also made the calculation that he's so far upside-down that he may be better off walking away unless his loan principal is reduced in line with his home's current value. "I'm paying into a massive hole of the $200,000 that it is underwater," he said. (San Francisco Chronicle -- Business)
PokerTek Announces Debt Conversion Sep 15, 2009
Mr. Berman converted $500,000, Mr. Crawford converted $500,000 and Mr. Lomax converted $200,000 of outstanding loan principal to common stock. The transactions were priced at $0. (Yahoo! Wire -- Entertainment News)
Arizona nursing schools get short shrift in federal program Aug 25, 2009
Once they graduate, loan recipients may cancel up to 85 percent of the loan principal and interest in exchange for four years of service as a full-time faculty member at an eligible nursing school. Arizona s nursing schools, however, are not eligible to receive this funding because they don t participate in the program. (Phoenix Business Journal, AZ)
B.O.S. has Completed a Convertible Debt Financing of $2.4 Million Aug 21, 2009
The Company shall repay the loan principal amount and the accrued interest in one payment at the end of the term, unless converted earlier into ordinary shares at the discretion of the lender. The loan conversion rate is $0. (Primezone Releases)
Stimulus funds to support nursing ed Aug 14, 2009
Under the program, students pursuing master s and doctoral degrees will be able to cancel up to 85 percent of loan principal and interest upon graduation in exchange for four years of service as full-time nursing faculty. A second program, the Nurse Education Loan Repayment Program, will award $8. (Tampa Bay Business Journal, FL)
Obama's plan to help homeowners is struggling Aug 7, 2009
Instead of cutting the interest rate or the loan principal -- that is, the total amount the borrower owes -- servicers would add missed payments and penalty fees to the principal, resulting in more overall debt and higher monthly bills for borrowers. According to an analysis by the Center for Responsible Lending, an advocacy group that promotes fair lending practices. (Salon)
LA priest's mission: Saving flock from foreclosure Aug 6, 2009
Under a plan developed by One LA, homeowners would receive a loan of $25,000 to $75,000 to be paid to the bank, which would reduce the loan principal in line with the home's current worth, and slash interest to about 5 percent. It's designed to help people like stone worker Angel de la Torre, who owes far more on his three-bedroom house than it's worth and is stuck paying 10 percent interest. (Anchorage Daily News)
SILK expects to uplift PN17 status in two months Jul 21, 2009
He said the new vessels would be funded through borrowings and that the repayment of the loan principal and interest would be easily met by the charter contracts. They are self-funded. (The Star Online, Malaysia -- Business)
* Powerchip granted new six-month extension on loan Jul 16, 2009
In February, the banks granted the cash-strapped chipmaker a grace period until June 30 for payment of its loan principal. During the period, Powerchip only had to pay the monthly interest on the loan. (Taipei Times, Taiwan -- Sports)
How lending laws affect you Jul 5, 2009
Jan. 25, 2009 Bill would require brokers to return any proceeds in excess of loan principal, interest and fees. ONLINE SPECIALS. (Atlanta Journal-Constitution -- Metro)
Rapid City to get $1 million for Jackson Springs treatment plant Jun 27, 2009
Hermosa, a 100,000 grant for water and wastewater system improvements; the Terry and Trojan Water District in the Lead-Deadwood area, 45,600 grant for water main improvements; the Fall River Water User District, 750,000 in loan principal forgiven on one project and 612,000 written off for expansion of its distribution system to the Custer County line; Mobridge, 500,000 in loan principal forgiveness; New Underwood, 70,200 in loan principal forgiven and 105,300 in loan funds for Well No. 2... (Rapid City Journal, SD)
Bridge loans available to small businesses Jun 18, 2009
The loan principal will be paid back during a period of five years. SBA will pay the interest on ARC loans to the lenders, at a variable rate of prime plus 2 percent, the announcement said. (Triad Business Journal, NC)
Commercial real estate in straits May 31, 2009
The combination of ample financing being available, paydown of the loan principal and an increase in the property's value provided enough owner equity for the new loan. But getting a new loan now can be impossible. (Anchorage Daily News)
SBA offers interest-free loans to struggling businesses May 21, 2009
After the 12-month period, borrowers will pay back the loan principal over a period of five years. Commercial lenders and not the SBA will make the loans available. (Puget Sound Business Journal, WA)
SBA backing deferred-payment stimulus loans May 19, 2009
Repayment will not begin until 12 months after the final disbursement, after which borrowers will pay back the loan principal over five years. Reader Comments. (Denver Business Journal, CO)
financial services Apr 28, 2009
The Senate, meanwhile, could attach controversial cram-down legislation, which would allow bankruptcy courts to lower interest rates and loan principal for homeowners facing foreclosure, to a larger housing bill due on the floor in the coming weeks. The House already approved the cram-down measure, but the proposal has deadlocked the Senate for more than a month. (Roll Call)
Fitch Affirms Univision's IDR at 'B'; Outlook Stable Apr 15, 2009
Fitch believes the company's remaining major obstacles include the existing economic downturn, the company's ability to make cash interest and term loan principal amortization payments, meet its covenant step-downs and repay the $500 million in notes that come due in 2011. In Fitch's view, Univision should be able to meet these obligations without defaulting on its debt. (Yahoo! Wire -- Entertainment News)
Bull's Eye: Bharti Airtel, Grasim,Tata Power, NTPC, Maruti, BHEL Apr 13, 2009
BNP had assumed that loan principal has to be repaid in equal annual installments. Based on the estimates, Tata Power would have had to repay about $212m by April 2009. (India Times)
Isle developer faces 5th foreclosure suit Mar 24, 2009
9 million on the loan principal plus nearly $4. 5 million in penalties and interest. (Honolulu Advertiser)
W Holding Company, Inc., The Bank Holding Company of Westernbank Puerto Rico, Completes Restatement and Filing Process for Years 2005 and 2006 and Files Form 10-K for the Year Ended December 31, 2007 Mar 17, 2009
-- The accrued interest receivable on these loans was reversed and the interest collected after the impairment date was recorded as a reduction of the loan principal balance. -- The provision for loan losses, allowance for loan losses and the corresponding deferred income tax assets were adjusted, as appropriate. (PR Newswire)
Primaris Retail REIT Announces Fourth Quarter and Annual Financial Results Mar 11, 2009
The annual requirement to fund loan principal payments amounts to approximately $20 million. Only $3. (CCNMatthews Press Releases)
More of this story Mar 7, 2009
And a portion of the loan principal will be written off, although how much is uncertain, Simeone said. This will be a great benefit to local communities, Simeone said. (Newport Daily News, RI)
Yen So Park project to kick off by year-end Mar 5, 2009
Even after the property has been granted vacant possession, Gamuda will bear the payment of the loan principal and interest for 12 months. The other housing schemes available in the market now only cover up to the point of vacant possession. (The Star Online, Malaysia)
ProLogis details debt plans Mar 3, 2009
795 billion in total loan principal due, excluding unsecured lines of credit, according to the report. With a net discount of $5. (Denver Business Journal, CO)
Millions could get help, but is foreclosure plan fair? Feb 19, 2009
Homeowners who stay in their properties and are current will get a monthly balance reduction to help reduce their loan principal. That will amount to up to $1,000 a year for five years. (USA Today)
Developer buys late financier's mansion Feb 19, 2009
4 million in loan principal, interest and fees it said S.M. Coles owed. Through Mortgages Ltd., Coles lent more than $70 million to companies Peloquin established to build several in-fill condo projects in Phoenix, according to court records. (AZCentral -- Business)
Gov't May Subsidize Broadband, But Some Experts Raise Doubts Feb 10, 2009
Price and access don't seem to be the issues," said Chuck Schilling, director of agency and media analytics at Nielsen Online. Tim Farrar, president of the Telecom Media ce Associates consultancy, suggests there are better ways to subsidize rural broadband. The Universal Service fund now supports rural phone service. That could be expanded to Internet service. And its kitty could be enlarged by requiring wireless operators to chip in, Farrar adds. That's how it's done in the U.K., he says. The... (Investors Business Daily)
My View: New wave of foreclosures threatens state Feb 10, 2009
Loan principal reductions should also be encouraged where borrowers owe more than their homes are worth. Transparency: Servicers should report data on whether they are helping borrowers and be required to record loan modification agreements so public agencies can keep track of how they're doing. (Sacramento Bee -- Opinion)
