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American Home Loans

Borrowing in America: Home Mortgages, Foreclosures and Predatory Lending 11-17-07

The Federalist Society's Financial Services & E-Commerce Practice Group presented this panel discussion at the 2007 Annual National ...

Home BancShares in Ark. buys marine lender for $400 million

Home BancShares in Conway, Ark., has created a marine finance division after buying a business from Union Bankshares in Richmond, Va.

The $14.3 billion-asset Home, the parent of Centennial Bank, said in a press release Monday that it bought Shore Premier Finance from the $13.1 billion-asset Union. Home paid about $403 million in cash and stock for Shore, based on Home’s closing stock price on Friday.

Shore provides direct consumer financing to Coast Guard registered high-end sail and power boats. The company, which also offers inventory floor-plan lines of credit to marine dealers, has $383.4 million in loans. It originated $140 million in consumer loans last year.

“We’re always looking at acquisition opportunities to provide the strongest risk adjusted return for our investors,” Johnny Allison, Home’s chairman, said in the release. “The Shore Premier Finance team has built a solid foundation in the marine finance space and we look forward to providing them the opportunity and resources to further develop that brand.

American Beacon Sound Point Enhanced Income Fund Makes Market Debut

Interval funds are continuously offered closed-end funds that periodically offer to repurchase their shares from shareholders. Unlike open-end mutual funds, interval funds do not provide daily liquidity but instead offer investors an ability to redeem up to a certain percentage of the fund at regular, periodic intervals. This type of structure, which is becoming increasingly popular, gives managers the flexibility to invest in assets or execute investment strategies that are less liquid and better suited for a longer holding period – strategies generally only available to institutional investors.

“We’re delighted to begin offering this fund, which brings additional value and opportunity for clients and complements our existing product lineup,” said Gene Needles, American Beacon’s Chairman and Chief Executive Officer. “Sound Point’s nimble and fundamental approach to investing makes them an ideal partner, and we look forward to working together to create the best client experience possible. We believe that partnering with an investment manager like Sound Point should make this new fund a compelling offering for our clients.”

Foreign home loans such as American home loans for Australian property?

I am currently looking for a way to refinance my Australian property with a foreign loan. As the Australian interest rates continue to rise many other countries have rates around the 5% mark.

Yes - ST George bank lends in foreign currency - only problem is that you need to earn in foreign currency - you cannot borrow if you are an Australian living and earning in this country for property located here.
Hope that helps.......