Article/Articles

YIELD MAINTENANCE PREPAYMENT PENALTIES

In broad terms, yield maintenance is a process for protecting lenders from losing interest when loans are paid off before ...
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WHITHER RATES ???

Where are interest rates headed now? If you asked 100 experts that question, 33 would say “up,” 33 would say ...
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WHEN A DEAL IS REAL

Throughout the refinancing process, boards are confronted by a staggering array of unfamiliar terminology.  Without a complete understanding, they can ...
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WHAT’S HAPPENING IN THE FINANCIAL MARKETS

HAS ALL HELL BROKEN LOOSE? My wife, who recently had been on an extended business trip to Europe, convinced me ...
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VARIABLE RATE DEBT VS. FIXED RATE DEBT

Is the Payoff Worth The Risk? Just since the beginning of May, the U.S. Treasury market has dropped precipitously to ...
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REFINANCING UNDERLYING MORTGAGES

With interest rates at historically low levels -- again -- now may be the right time to refinance your co-op's ...
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THE NITTY GRITTY

What actually happens when you apply for a new underlying mortgage? There are seven phases to refinancing any underlying mortgage: ...
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THE GREENSPANNING OF THE MARKET

If only the financial markets were as cool and collected as Alan Greenspan appears to be when testifying before congressional ...
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The Business of Running a Cooperative

The planned approach to a solid financial future. Like the executives of any corporation, co-op board members often are confronted ...
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SMALL BUILDING CHALLENGES

In addition to all of the regular requirements, small co-ops...those with fewer than, say, 10 units...face special challenges when refinancing. ...
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