Housing group weighs solutions to '10-year rule' problem
- Fighting the 10-Year Rule. Kinnander, Ola; Vadum, Matthew // Bond Buyer;06/29/2000, Vol. 332 Issue 30923, p1
Reports on the impact of the ten-year prepayment rule in the United States on the ability of housing agencies to issue mortgage revenue refunding bonds. Total refunding capacities expected to be lost by 2002; Provision of the prepayment rule; Legislation in 1998 to increase states' bond caps.
- Refunding Provisions and the Archer Daniels Midland Case. Fisher III, Chester L.; Greenfield, James // Business Lawyer;Aug84, Vol. 39 Issue 4, p1671
Focuses on the effectiveness of refunding provisions in the United States. Restriction on the ability of a borrower to prepay a loan with money borrowed at a lower interest; Prevention of the borrower from substituting one lender for another if interest rates decline; Violation of borrowing on...
- Prepayment Deals Are Boon To Consumers, Not Hindrance. Andrews, Wright H. // American Banker;10/19/2001, Vol. 166 Issue 201, p8
Focuses on the development of prepayment agreements for insurance companies in United States. Statements of the agreement; Benefits for lenders and borrowers; Evaluation of the prepayment penalties.
- Sponsor proposes new limits on disaster mortgage bonds to avoid misuse. Stanton, Michael // Bond Buyer;11/13/97, Vol. 322 Issue 30272, p6
Focuses on the legislation introduced in Congress by Representative Jim Ramstad in early November 1997 to rework limits on disaster mortgage revenue bonds (MRBs) and reinstate restrictions to ensure it does not open an unintended loophole. Clarifications proposed to the mortgage subsidy; Terms...
- Statement on Signing the Griffith Project Prepayment and Conveyance Act. Clinton, William J. // Weekly Compilation of Presidential Documents;7/31/2000, Vol. 36 Issue 30, p1699
Presents the text of a speech given by United States President Bill Clinton, on July 26, 2000, which deals with the signing of the Griffith Project Prepayment and Conveyance Act.
- Bill would ease penalties on prepayment of SBA loans. de Senerpont Domis, Olaf // American Banker;5/18/1994, Vol. 159 Issue 95, p3
Reports on the Senate bill aimed at easing penalties against small companies on prepayment of loans under the Small Business Administration's (SBA) Section 503. Chance for Section 503 borrowers to prepay under Section 504's market-type prepayment plan; Principle of the Section 503 loan program;...
- The Enforceable Prepayment Penalty. Boyle, Robert // DePaul Business & Commercial Law Journal;Summer2008, Vol. 6 Issue 4, p585
This article discusses the need for U.S. courts to consider subjecting the prepayment provisions found in any mortgages to a liquidated damages analysis. With this, the country's judiciary system can provide relief to U.S. citizens affected by the crisis on the housing market. This would provide...
- Acts Approved by the President. Clinton, William J. // Weekly Compilation of Presidential Documents;7/31/2000, Vol. 36 Issue 30, p1720
Provides updates on the acts approved by United States President Bill Clinton as of July 31, 2000. Griffith Project Prepayment and Conveyance Act; Mobile Telecommunications Sourcing Act; Semipostal Authorization Act.
- Hawaii lawmakers want cap increased for tax-free mortgage revenue bonds. Figler, Andrea // Bond Buyer;05/20/99, Vol. 328 Issue 30645, p39
Discloses the plan of Hawaii's lawmakers to raise the state's cap on mortgage revenue bonds in an effort to meet growing demand for single-family housing in 1999. Terms of the bill approved by legislators concerning the Hula Mae single-family housing program; Requirements set for all debt...