TITLE

Puerto Rico Continues Borrowing Wave With $103 Million Housing Deal

AUTHOR(S)
D'Ambrosio, Gillian
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/21/2003, Vol. 344 Issue 31618, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
In the third major deal by a Puerto Rico issuer, the Puerto Rico Housing Finance Authority will price 102.5 million dollars of single family home mortgage revenue bonds on April 22, 2003. Carlos M. Pineiro, executive vice president of finance for the Government Development Bank for Puerto Rico, said proceeds from the new-money deal will be used to provide low-interest mortgages for low-and moderate-income buyers as part of the commonwealth's push to encourage home ownership and accommodate robust demand for housing. The Puerto Rico Highway and Transportation Authority issued 1.57 billion bonds in a combination of new-money debt and refunding bonds the week before.
ACCESSION #
9767837

 

Related Articles

  • Gary, Ind., Makes Rare Market Foray for Housing Project. Wisniewski, Mary // Bond Buyer;06/22/99, Vol. 328 Issue 30667, p3 

    Reports on Gary, Indiana's $20.2 million mortgage revenue bond refunding deal on behalf of a housing project. Conversion of the variable-rate bonds issued for the project to fixed rate; Benefits from the opening of casino boats.

  • Editor's Introduction. Lea, Michael J. // Housing Finance International;Mar2002, Vol. 16 Issue 3, p2 

    Introduces several articles on mortgage lending in housing.

  • Housing finance.  // Economic Trends (07482922);Sep95, p15 

    Discusses trends in housing finance in the United States. Mortgage rates between 1990 and 1995; Adjustable mortgage rate share between 1990 and 1995; Mortgage origination by lender between March 1994 and May 1995; Mortgage application volume 1990 and 1995.

  • Housing finance.  // Economic Trends (07482922);May98, p17 

    Presents statistical information on housing finance in the United States. Decline in the long-term mortgage rates in the last three quarters of 1997; Factors which influenced the decrease; Identification of the mortgage market factors; Increase in housing prices in 1997.

  • Statements to the Congress. Lindsey, Lawrence B. // Federal Reserve Bulletin;Jan1994, Vol. 80 Issue 1, p10 

    Presents speech by a Federal Reserve System Board of Governors member, before the Committee on Banking, Finance and Urban Affairs, US Senate, dealing with results of the 1992 Home Mortgage Disclosure Act. Credit granting processes in federal reserve banks; Federal Reserve System responsibility...

  • Residential lending to low-income and minority families: Evidence from the 1992 HMDA data. Canner, Glenn B.; Passmore, Wayne // Federal Reserve Bulletin;Feb1994, Vol. 80 Issue 2, p79 

    Analyzes housing loan applications by income, race, ethnicity of applicant and location of the property. Lending in different types of neighborhoods; Role of mortgage originators; Employment of Home Mortgage Disclosure Act (HMDA) data in monitoring compliance. INSETS: Public access to HMDA...

  • The many faces of affordable lending. Sichelman, Lew // Mortgage Banking;Dec94, Vol. 55 Issue 3, p56 

    Presents an overview of the Banc Lincs, the affordable housing program in Providence, Rhode Island. Features; Approval of loans; Offer to multi-family purchasers. INSET: Free postpurchase counseling..

  • Speaking out.  // Mortgage Banking;May95, Vol. 55 Issue 8, p105 

    Presents the insights of the Underwriting Barriers Outreach Groups (UnBOG) members on unintended barriers to home ownerships in the United States. Focus of lenders on affordable housing programs; Identification of discriminatory processes in mortgage lending; Differences in the interpretation...

  • Making Our Voices Heard in the 'Predatory Lending' Debate. Mozilo, Angelo R. // Mortgage Banking;Apr2000, Vol. 60 Issue 7, p13 

    Offers a look at problems concerning the housing finance industry in the United States in 2000. Stories of injustice with mortgage loans; Laws to fight mortgage abuses; Changes in the mortgage market; Actions taken by the government in response to the problems.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics