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- Guggenheim Fund Seeking $300 Million of New Equity (Update1) (Bloomberg)
Oct. 31 (Bloomberg) -- Guggenheim Structured Real Estate Advisors LLC, the manager of commercial-mortgage funds set up five years ago by Ed Shugrue , asked investors in its second fund for about $300 million of new equity to meet margin calls and reduce debt, a person with knowledge of the firm's fund-raising said. www.bloomberg.com
- Snapshots (The Montana Standard)
Banks asking for debt forgiveness WASHINGTON (AP) — With defaults on credit card debt spiraling amid a global financial downturn, banks already reeling from the mortgage crisis are losing billions more from unpaid credit card bills. www.mtstandard.com
- Is a refinance boom coming soon? - Nashua Telegraph
Mortgage rates fell sharply this week. The average 30-year fixed-rate mortgage plunged 40 basis points, to 6.15 percent. A basis point is one-hundredth of a percentage point. The average 15-year fixed – a popular option for refinancing – dropped ... www.nashuatelegraph.com
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