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Homeowners are refinancing in record numbers.
Still, Mr. Doyle does not regret refinancing in 2004.
The missed payment sets Mr. Trump up for his second major debt refinancing in 10 years.
They will be competing for refinancing in 2014 through 2017 from lenders who will probably impose stricter standards.
In fact one of those expenses, mortgage-recording taxes, could put the brakes on some refinancing in New York State.
The vast majority of the $3tn debt needs refinancing in a five-year timeframe starting in 2012.
Similar(9)
That ties the record for the third-highest "cash-in" refinancing — set in the fourth quarter of 2002 — since Freddie Mac began recording such transactions in 1985.
Tata Steel Europe will face a big debt-refinancing in 2015.
As LBO companies refinance in the high-yield market, they are paying off those loans.
But when it came time to refinance in a bear market, the cost was too high.
The vast majority of loans are paid off or refinanced in three or four years.
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