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Without refinancing some could be seized by their lenders.
The managers tried to avoid that by investing in mortgages that are less likely to be refinanced, because they are in states like New York, with mortgage recording taxes, or because they have already survived low interest rates without refinancing.
Without refinancing its debt or drawing down the $7.3 billion credit line, GM would be down to $7.9 billion in cash by 2010, Lehman says.
In December 2005, Kirchner decided to liquidate the Argentine debt to the IMF in a single payment, without refinancing, for a total of $9.8 billion.
The rule takes direct aim at the core business of payday lenders: giving people loans that they can't afford to pay back without refinancing.
If you'd like to vacation like a millionaire without refinancing your mortgage or sabotaging your credit score, try these seven travel tips to add a little grandeur to your next getaway.
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David Pritchard, Songbird's chairman, said that without the refinancing the Aim-listed company would have been unable to pay back its loan: "Very likely we would have gone down the path of liquidation.
In our dataset we only have new mortgages for home acquisition without (existing loan) refinancing.
Cohen initially claimed he had paid the money out of his own pocket without reimbursement by refinancing his home, and the White House also initially asserted that Trump's longtime fixer had acted on his own, without the knowledge or financial support of the president.
Mortgage banking revenue fell nearly 20 percent, to $1.6 billion, during the quarter without a refinance boom to prop up its results.
Without one, a borrower refinancing a mortgage just under $500,000 in Manhattan would face about $10,000 in taxes.
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