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Syndicated loan
From Sterwiki
A syndicated loan (or 'syndicated bank facility') is a large loan in which a group of banks work together to provide funds for a borrower. There is usually one lead bank that takes a small percentage of the loan and syndicates the rest to other banks.
Hypotheek BKR egg-design.net...
NEW YORK (Reuters) - Applications for home mortgages in the U.S. fell last week even as mortgage rates edged down, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage activity fell 5.7 percent to 715.0 in the week ended Nov. 19, more than offsetting a 4.3 percent gain the prior week. Fixed 30-year mortgage rates averaged 5.64 percent last week, excluding fees, down from 5.70 percent the prior week. The MBA's seasonally adjusted index of refinancing applications fell 8.3 percent to 2179.3 after a 10.6 percent advance the prior week. The association's purchase index, a gauge of loan requests for home purchases, dropped 3.5 percent last week to 463.3 on top of declines the two prior weeks. sociale verzekeringsbank...
NEW YORK (Reuters) - General Electric Co. (GE.N: Quote , Profile , Research ) on Tuesday said it had not withdrawn a $2 billion loan facility from General Motors Corp. (GM.N: Quote , Profile , Research ) , but that it had told the automaker last year it would exit the trade payables business. GE and GM said in a joint statement that GE Commercial Finance will continue to fund the program, which makes payments to GM suppliers, while it transitions to financing from GM's unit GMAC Commercial Finance. hypotheek bkr... © loan01 |