Delta Financial Corp., Woodbury, N.Y., has announced plans to redeem at par all outstanding 9.5% senior notes due 2004 on Oct. 30.Delta said the aggregate redemption price, including principal and accrued interest, is expected to be approximately $11 million. The company said it will have no unsecured long-term debt on its balance sheet after the redemption. Delta can be found online at http://www.deltafinancial.com.
Experts have some tips for how to best employ strategies that can minimize the damage from changes in the market.
Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.
Seven of eight offices are open; debit cards are capped at $1,000 a day; and the bank's website is down. The bank has given no restoration date.
It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.
While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
