Archive for April, 2009
Fitch Rates Lompoc Valley Medical Center’s Cal-Mortgage Loan Insurance Division Bonds ‘A’
NEW YORK—-Fitch Ratings assigns an ‘A’ rating to the $4.06 million in Lompoc Valley Medical Center insured revenue bonds, series 2009, based on the Insurer Financial Strength rating of the State of California’s Cal-Mortgage Loan Insurance Division , whose rating reflects the State of California’s general obligation rating of ‘A’.
Senate rejects bankruptcy bill aimed at home loans
The Senate has just rejected a bill that would have allowed bankruptcy judges to change the terms of home mortgages, depriving President Barack Obama of the stick he wanted to push more lenders into his loan modification program.
Federal Home Loan Bank of San Francisco Releases March 2009 Cost of Funds Index
SAN FRANCISCO—-The Federal Home Loan Bank of San Francisco announced April 30, 2009, that the 11th District Monthly Weighted Average Cost of Funds Index for March 2009 is 1.627%. The index for February 2009 was 2.003%.
Senate Defeats Mortgage ‘Cram-Down’ as Democrats Balk
April 30 — The U.S. Senate rejected a measure that would let bankruptcy judges cut mortgage terms to help borrowers avoid foreclosure, a victory for banks and credit unions that said the legislation would increase loan costs.
Senate Defeats Mortgage ‘Cram-Down’ as Democrats Balk
April 30 — The U.S.
Senate Defeats Mortgage ‘Cram-Down’ as Democrats Balk
April 30 — The U.S. Senate rejected legislation letting U.S. bankruptcy judges cut mortgage terms to help borrowers avoid foreclosure, a victory for banks and credit unions that said the measure would lead to higher loan costs.
Bain’s Sankaty May Buy $949 Million of Junk-Loan CDOs
April 30 — Bain Capital’s debt investment arm, Sankaty Advisors LLC , may buy as much as $949 million of collateralized loan obligations, according to two people familiar with the offer.
AIG Said to Weigh Closing Unprofitable Mortgage Guaranty Unit
April 30 — American International Group Inc. , the insurer selling assets to repay a U.S
Senate Defeats Mortgage ‘Cram-Down’ After Banks, Democrats Balk
April 30 — The U.S. Senate rejected legislation letting U.S. bankruptcy judges cut mortgage terms to help borrowers avoid foreclosure, a victory for banks and credit unions that said the measure would lead to higher loan costs.
Fixed Mortgage Rate in U.S. Matches Record Low
April 30 — Fixed mortgage rates fell for a third consecutive week, matching the record low reached earlier this month, driven by Federal Reserve Chairman Ben S.
