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Housing Agency Will Reduce Mortgage-loan Limits

December 9, 2013

Leveraged Loan Volume Surges To $21B As Issuers Race to Year-End

6, 2013 5:17 p.m. ET The Federal Housing Administration will drop the maximum size of home-mortgage loans that it will guarantee beginning next month in nearly 650 counties, the agency said Friday. The maximum for single-family homes in certain "high-cost" housing markets including Los Angeles, San Francisco and New York will fall to $625,500, from the current level of $729,750. The FHA doesn't make mortgages but instead insures lenders...
For the original version including any supplementary images or video, visit http://online.wsj.com/news/articles/SB10001424052702303997604579242563662229536

LOAN WATCH: Petrucci scores for Antwerp

Indeed, there were a whopping 45 new issues brought to the syndications market over the past week. This activity brings loan volume so far in 2013 to $570 billion, easily topping the $465 billion logged all of last year and the previous full-year record, $535 billion in 2007. This week was more of the same: Issuersseeking a seemingly endless series of pricing reductions, as well as investor concessions on tenor, covenants, and amortization, according to LCDs Chris Donnelly. Of the weeks activity, 16 deals were covenant-lite, totaling more than $8 billion. Covenant-lite credits, of course, are less restrictive on the issuer, and are often seen as a sign of a more aggressive investor market. ( You can read about how covenant-lite loans work here .) It s easy to see why the U.S.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/spleverage/2013/12/06/leveraged-loan-volume-surges-to-21b-as-issuers-race-to-year-end/

[image] Here is how I feel the loan players fared: Marnick Vermijl Utrecht 2-0 NEC Nijmegen Marnick Vermijl started for NEC in a 2-0 away defeat, which keeps them rooted to the bottom of the Eredivisie. Last week the young Belgian scored his first professional goal, which was great for him, but reality hit the site once again, who look sure to find relegation this season. Vermijl is settling in his first team environment, which is helping his development, but nobody like being on a losing team for the majority of the season. Next Match:Roda JC K Eredivisie Saturday 14th December 2013, KO 17:45 Michael Keane Derby County 5-1 Blackpool Michael Keane started the 5-1 victory for the Rams on the bench, but replaced Jake Buxton with about 17 minutes remaining. All the goals were scored before Keane made his debut.
For the original version including any supplementary images or video, visit http://mufclatest.com/loan-watch-petrucci-scores-for-antwerp/

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