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The preparation for the refinancing comes as traffic volumes are falling and interest rates are rising.
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With 25 billion euros in refinancing coming due in July and with Spain's cost for issuing new debt now elevated by more than a full percentage point, Mr. Campa acknowledged that even the government's best efforts may not appease impatient investors.
"We prefer purchases, because refinances come and go and we have to stay in business," he added.
The most recent refinance came in November 2007, when, amid the housing bubble, the home's value had grown to more than $500,000, according to the real estate Web site Zillow.
AFTER the mortgage-refinancing binge comes the hangover.
Gordon says that despite the refinancing boom coming to an end, Fannie could still grow earnings 15% next year.
They're also keeping parents from refinancing to come up with the cash they need to help their children buy a home.
That's said to be a result of the $61 billion rescue package Greece got last week from the Eurozone countries, money, say the most happy fellas, that should calm market fears and enable Greece to refinance debt coming due on May 19 of $10 billion Euros (equivalent to $14 billion in U.S. currency).
At the same time, the size of the financial commitment, which was above market expectations, could at least postpone the need for aid by reassuring investors and helping Greece refinance debt that comes due by the end of May.
Co-ops have different rules when it comes to refinancing.
When it comes to refinancing applications, appraisals are often the sticking point.
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