Loan modification refinance


LONDON, Oct 28 (Reuters) - Russian aluminium producer United Company RUSAL is in the process of securing a waiver on a $4.5 billion, two-year bridge loan that it signed in April this year, a banking source close to the deal said on Tuesday.

RusAl Secures $4.5Bln Bailout (The Moscow Times)
30 October 2008 By Maria Levina / Special to The Moscow Times In the biggest state bailout yet, United Company RusAl will receive $4.5 billion to refinance a Western loan coming due this week, news reports said late Wednesday.

On Your Side: Ready to Refinance? (News 12 Augusta)
A major reason for the current economy has been bad home loans. Turns out lots of people have them. Refinancing could help some homeowners. But there are some things you should know before you jump in.

VTB May Lend $665 Million to Russian Food Retailers (Update1) (Bloomberg)
Oct. 29 (Bloomberg) — VTB Group , Russia’s second-biggest bank, may lend X5 Retail Group NV and other local food retailers a total of 18 billion rubles ($665 million) to help the companies refinance debts.

Plan to refinance mortgages may save millions of homes (USA Today)
The government is weighing a plan to restructure hundreds of billions of dollars in home mortgages, its most ambitious effort yet to curb high foreclosures.

US working on plan to help homeowners refinance (FOX 11 Tucson)
WASHINGTON (AP) — The federal government is working on a loan-guarantee plan that could help many homeowners escape foreclosure, a banking regulator told Congress Thursday.

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