1st 2nd loan mortgage refinance
The plan that John McCain announced without detail in the debate Tuesday would allow millions of financially stretched Americans to refinance their mortgages with government help.
Loan-modification program could help Countrywide customers avoid foreclosure (Fort Worth Star-Telegram)
Homeowners would be able to refinance to lower mortgage payments.
McCain’s Plan Calls for Government to Buy Mortgages (Update4) (Bloomberg)
Oct. 8 (Bloomberg) — Republican presidential candidate John McCain is proposing the government divert some money set aside for buying mortgage securities and instead purchase home loans.
Russian Oil Companies Seek State Loans, Lukoil Says (Update2) (Bloomberg)
Oct. 7 (Bloomberg) — Four of Russia’s biggest oil companies have asked the government for loans to refinance debt, said a spokesman for OAO Lukoil , the country’s second- biggest oil producer.
Fed Grants AIG $37.8B Loan (WSB-TV 2 Atlanta)
The Federal Reserve has agreed to provide insurance giant American International Group with a loan of up to $37.8 billion, on top of one made to the troubled company last month.
Russia to refinance offshore debt under new law-sources (Reuters via Yahoo! Malaysia News)
MOSCOW, Oct 7 (Reuters) - The Russian government is quickly preparing amendments to draft anti-crisis legislation to allow state banks to refinance corporate debt secured via offshore firms, parliament sources said on Tuesday.
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