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Loan Modification

: Mortgage Lender Implode-o-Meter

Dubai World may offer new debt to creditors

By Implode-Explode Heavy Industries

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" ?What they [Dubai World] came back with was not as bad as most banks had anticipated. Under this plan they would refinance several different tranches. Some would come with zero interest and some with reduced interest rates,? said one banker present at the informal meeting last week."

Full post as published by Mortgage Lender Implode-o-Meter on March 15, 2010 (boomark / email).

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