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IMPORTANT: Bing News RSS feed has moved!Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. Why is the six-month LIBOR rate increasing ... Read moreGot LIBOR loan? Maybe it’s time for a fixed loanThe rate at which London-based banks say they can borrow for three months in dollars rose to the highest level in almost 2 1/2 years as the euro region’s sovereign debt crisis intensifies. The London interbank offered rate, or Libor, for three ... Read moreLibor for Three-Month Dollar Loans Climbs to Highest Level Since July 2009Lowering LIBOR (an index that serves as a pricing benchmark on all manner of loans and bonds) would thus be a mere by-product of the bankers’ baloney – and a welcome one for borrowers the world over. So I was skeptical when I first read Charles Schwab ... Read moreBLOG OF THE DAY: Giving the Lie to LIBORAs Libor is base rate for many mortgages, student loans, auto loans, and corporate financing, the rise in Libor is rapidly transmitted to the broader economy, resulting in a credit squeeze that could easily push the U.S. back into recession if ... Read more3 Month USD/Libor At Highest Rate Since July 2009 As Contagion Risk Grows... of an additional $372.5 million term loan added to its existing $222.5 million tranche B term loan maturing October 2016 and priced at LIBOR plus 3.00% with a LIBOR floor of 1.00%; and an additional $157.5 million added to its existing $115 ... Read moreSinclair Amends and Raises Additional Commitments Under Its Bank Credit FacilityBased on the Company's current credit ratings, the new loan will have an initial interest rate of LIBOR plus 190 basis points. The Company has executed forward-starting swaps aggregating $125 million that fix the underlying LIBOR rate for the ... Read moreHighwoods Properties announces $200M in commitments for unsecured term loanThe restructuring provides for a new interest rate of LIBOR + 4.50%, with no LIBOR Floor. At the closing of the restructuring, the Company paid down the loan by $25 million to $178.4 million. Additionally, terms include that 85% of excess cash flow after ... Read moreAshford restructures US$203m loanThe loans bear interest, at Advent's option, at the base rate plus a spread of 0.75% to 1.75% or an adjusted LIBOR rate (based on one, two, three or six-month interest periods) plus a spread of 1.75% to 2.75%, in each case with such spread being determined ... Read moreEntry into a Material Definitive Agreement, Creation of a Direct FinanciThe London interbank offered rate, or Libor, for three- month dollar loans climbed to 0.54000 percent, from 0.53775 percent yesterday, data from the British Bankers' Association showed. That's the highest level since July 2009. The dollar Libor ... Read moreFor additional information, please see:
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