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As a result, a negative rating action can actually jeopardize a company's ability to refinance its debts, or at least its ability to refinance them with reasonable terms and at fair rates.
That could kill state-based cases against unfair loans, deceptive lending, fraud and other abuses if they pertain in any way to the ability to repay or refinancing.
But Fannie and Freddie could ensure that abusive lending doesn't result in foreclosure for huge numbers of households by refinancing loans for homeowners in a way that matches their ability-to-pay.
A fourth idea would be to curtail the ability to refinance.
"Of course, the ability to refinance will depend upon the state of the economy".
"You have to do some analysis about their ability to refinance their debt".
The most bullish signal is Warner's ability to refinance itself.
That gap, which has been growing along with concerns about Greece's ability to refinance its debt, shows the premium investors demand to hold the increasingly risky bonds.
That has basically made it impossible for Spain to auction bonds at an affordable cost, as well as threatening its ability to refinance existing debt.
That gap, which has been growing along with concerns about Greece's ability to refinance its debt, shows the premium that investors demand to hold the bonds.
The rapid declines of the last several quarters will most likely slow with rising interest rates, which limits people's ability to refinance and buy homes.
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