The state government should not use its bonding authority to bail out upside-down homeowners, according to the official who oversees the Nevada government’s housing agencies. Mendy Elliott, director of the Department of Business and Industry, was asked by a legislative subcommittee to look into the possibility of using bonds to help homeowners who owe more on their mortgages than the homes are now worth, following a major housing market correction.The idea was to see if money raised through bond issues could be used to help such homeowners refinance.“She recommended against it basically because it would be imprudent for the state to take on that unsecured risk,” said Elisabeth Shurtleff, spokeswoman for the department. Elliott also told lawmakers that such a program could put the state’s bond rating at risk, Shurtleff said.
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Absolute yields "remain attractive in the context of the trading range over the past three years and our longer-term projections for lower rates this year," according to J.P. Morgan strategists.
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Supply chain disruptions and economic impacts are raising concerns.
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The Washington state island hospital's financial turmoil brought rating downgrades from Moody's Ratings.
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Only one of 14 legacy generation facilities were operating normally at the end of January, suggesting less recovery for bondholders.
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Their accomplishments are vast and their impacts on the industry are invaluable.
March 27 -
The former Citi banker earlier this month was tapped by Huntington National Bank to become the firm's head of public finance, becoming the fourth woman to ascend to the role in the municipal industry.
March 27