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In February, the Obama Administration said it would pay mortgage-servicing companies to modify existing home loans to make them more affordable — an attempt to keep struggling borrowers in their houses and slow the escalating pace of foreclosures

Obama expects GM, Chrysler to repay loans (Reuters via Yahoo! News)

President Barack Obama said on Wednesday that General Motors Co and Chrysler Group were companies worth saving, but he expects both to repay their government loans.

Petrobras Loans by U.S. Export-Import Bank May Double (Update1) (Bloomberg)

July 30 (Bloomberg) — Petroleo Brasileiro SA s loans from the U.S. Export-Import Bank may more than double after the Brazilian oil producer secured $10 billion in financing from China.

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Madrid - Spain’s Economy and Finance Minister Elena Salgado is surprised that the Caja Madrid bank granted Real Madrid a massive loan to allow the club sign Portuguese superstar Cristiano Ronaldo, she admitted Tuesday. However, Salgado stressed tha… (source: Earth Times) - RSS widgets and RSS feeds on Feedzilla.com

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July 28 (Bloomberg) — Arbor Realty Trust Inc. , a U.S. real estate finance company that invests in bridge and mezzanine loans, said it restructured and extended its credit lines in exchange for higher interest rates, warrants and paydowns.

Beijing Plans Financial Center Funded With $8.8 Billion of Loans (Bloomberg)

July 28 (Bloomberg) — Beijing unveiled plans for a new financial district, the largest real estate project since the Olympic Games, to be funded by 60 billion yuan ($8.78 billion) of loans from lenders including China Development Bank Corp.

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