Britons reduced their mortgage debt by £7 billion during the second quarter of the year, figures have showed. Recent falls in house prices and the economic downturn have put people off taking money out of their property, leading to equity withdrawal being negative for the fifth quarter in a row.
Refinancing and Debt Consolidation
In fact, there are only a few Internet-based debt consolidation lenders, who will assist debtors actually reduce their debts. However, home-owners who are having difficulties with debt, can put up their property as collateral to raise a …
Exec: Memory biz needs more consolidation (EE Times Asia)
The memory industry’s business model sector is broken, prompting the need for more rational behavior and consolidation in the industry, according to an executive at the Memcon technology event.
Emaar downplays debt burden of Dubai property merger (Zawya)
DUBAI, Jun 28, 2009 (AFP) – Dubai real estate giant Emaar Properties Emaar Properties said on Sunday that the debt of the entity to be created through its merger with three other property developers will not exceed 3.64 billion dollars, seven percent of combined assets.
Emaar’s Merged Entity to Have $3.65 Billion in Debt (Update1) (Bloomberg)
June 28 (Bloomberg) — Emaar Properties PJSC , the Middle East’s largest real-estate developer, said the entity created by its merger with three state-controlled competitors will have 13.4 billion dirhams ($3.65 billion) in debt obligations. Emaar shares dropped the most since November.
Emaar downplays debt burden of Dubai property merger (AFP via Yahoo! News)
Dubai real estate giant Emaar Properties said on Sunday that the debt of the entity to be created through its merger with three other property developers will not exceed 3.64 billion dollars, seven percent of combined assets.
Developers seek cash for debt (The Australian)
FKP Property Group has moved to raise about $300 million – almost half the money needed to repay debts in the next two months.
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