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Mortgage Loan


By Jeff Montgomery (May 20, 2022, 7:31 p.m. EDT) – Unsecured creditors of the bankrupt 400-bed Edgemere retirement community in Dallas have asked a Texas bankruptcy judge to reject a chapter funding loan proposal 11 of $10.1 million, unless amended, citing language that overwhelmingly favors a bond trustee over the estate and unsecured creditors. In …

Getting a mortgage loan is not a simple task. Whether you’re buying or refinancing a home, the mortgage process involves navigating a path lined with paperwork and rules, and it can be confusing. Enter mortgage officers. A mortgage loan officer is a professional whose sole purpose is to help consumers in the housing market obtain …

Mortgage lender HDFC launched a one-time WhatsApp offer on Tuesday to provide home loan in-principle approval to buyers in 2 minutes. HDFC’s WhatsApp Spot offer is a platform that will allow potential borrowers to instantly get home loan approval in principle, the lender said in a statement. All users have to do is strike up …

Has the interest rate on your home loan become 10 to 30 basis points, or basis points (one basis point is equal to one hundredth of a percentage point) expensive in the past few weeks? This is the result of the recent 40 basis point hike in the repo rate by the Reserve Bank of …

Learn from the best. Hear from leading pros share secrets for understanding the market, following trends, and staying ahead of this month’s news. Episode Inman Connect Now. You can stream live or on demand straight to your car or from any of your devices. Register now. Real estate moves fast. Mortgage rates are up, home …

A day after the Reserve Bank of India raised the repo rate by 40 basis points to 4.4%, banks began raising their external benchmark lending rate with a markup over the repo rate. As interest rates are expected to rise further this fiscal year, borrowers who are unable to increase their equivalent monthly installments (EMIs) …

Mortgage lender Housing Development Finance Corporation (HDFC) raised the interest rate on home loans by 30 basis points on Saturday, effective May 9, following the monetary policy committee’s decision to raise the repo rate. benchmark of 40 basis points earlier this week. The new rates will start at 7 percent from 6.7 percent previously. …

Fidel Dorado Out of 40,000 mortgage loan officers nationwide, a man from Madera is credited with ranking #2 among all for providing exceptional customer service. Zabe Mortgage’s Fidel Dorado was ranked second among loan officers from 350 companies based on customer surveys by experience.com, a provider of experience management software. Experience.com recently released its annual …

Home hunters across the United States are facing a painful reality: rising mortgage rates are adding thousands of dollars to the cost of buying a home. In April, average interest rates on a standard 30-year fixed mortgage were nearly 2 percentage points higher than a year ago, according to real estate data firm CoreLogic. Taking …

While Australia is on a knife edge waiting to see if interest rates will be raised, large numbers of people are already struggling. A shocking level of Australian households with mortgages are struggling even before interest rates were raised, with 42% financially stressed in March, according to new research. Australians are suffering from financial stress …

INDEPENDENCE, Ohio–(BUSINESS WIRE)–In an effort to increase home ownership opportunities for new owners, Nations Lending has announced that it will implement the improvement of Fannie Mae’s positive rent payment history. The new feature allows Fannie Mae’s Desktop Underwriter® (OF®) to use Asset Verification Reports (AVRs) to identify recurring rent payments to potentially improve the credit …

The average FICO credit score in the United States is currently 716. This average has trended upward since the onset of the COVID 19 pandemic and has continued to rise as the economy recovers from the pandemic. With many Americans making fewer purchases at the start of the pandemic, credit card use declined and credit …

New Jersey, United States – This Mortgage Brokerage Services Market The report has segmented the market based on application, product, geography, and other factors. This market report examines several key players and drivers impacting the market opportunities, challenges, risks and developments. It also performs competitive analysis of the industry which brings major advantages to the …

US Real Estate Weekly Update According to the Mortgage Bankers Association, mortgage applications are down 5% since last week. With mortgage rates rising and median home prices trending in the same direction, the downward trend in home sales (down 4.5% year over year) appears to be continuing. In March 2022, the National Association of Realtors …

A former paralegal who worked in bankruptcy at a Chicago law firm is accused of embezzling more than $600,000 from accounts, officials said Thursday. Becky Louise Sutton, 66, formerly of Park Forest, is charged with three counts of wire fraud and three counts of embezzlement from a debtor’s estate, according to a statement from the …

Nate McKinnon/RNZ BNZ borrowers face higher fixed mortgage rates when it comes time to re-fix their mortgages. The Bank of New Zealand has raised its fixed mortgage rates. The bank raised its floating home loan rate on April 14 from 5.15%​ to 5.5%​ following Te Pūtea Matua Reserve Bank’s decision to raise the official cash …

I have a tracker mortgage of €100,000 and a variable mortgage of €80,000. I recently received €150,000 in my father’s will. I want to use these funds to reduce my mortgage. What’s the best way to do it? Could I negotiate to swap the tracker for a floating rate to reduce the outstanding tracker loan …

INDEPENDENCE, Ohio–(BUSINESS WIRE)–Nations Lending, a leading national full-service mortgage lender, today announced that 29-year industry veteran Jon Whittington will oversee its expansion to the Hawaiian Islands. As Regional Director, Whittington will primarily focus on growing Nations’ business footprint and production volume. He will report to Western Division Sales Manager, Nino Saso. Whittington, the only certified …

Image source: Getty Images Considering an FHA loan? Read this first. Key points FHA loans are backed by the Federal Housing Administration. They can be easier to qualify, even with a low down payment. Suze Orman generally thinks that people shouldn’t use these loans to buy properties because they often signal that you’re not ready …

EDMOND, Okla., April 8, 2022 /PRNewswire/ — Mortgage Connect, LP (“Mortgage Connect”), a national provider of mortgage services, today announced that it has successfully completed the previously announced acquisition of ADFITECH, Inc. (OTC: ADFT ) (“ADFITECH”) in an all-cash merger transaction valued at approximately $29 million. Following the transaction, holders of common shares of ADFITECH …

ELDORADO – Legence Bank Head Office has announced the addition of Dakota McGinnis as the new Head of Mortgages for the Metropolis Market. “Dakota brings a wealth of knowledge in sales, management and tax accountability,” said Kevin Beckemeyer, president and CEO of the bank. “His background in management and finance will be a tremendous asset.” …

Ultimately, divorce is a financial transaction surrounded by complex human emotions. Part of the divorce attorney’s mission is to try to gently unpack the emotion so that each party can walk away from a failed relationship with assets that make sense. Childcare is the most difficult part of the problem. Each parent tends to see …

Japan’s business mood darkens in first quarter; US unemployment rate drops to 3.6% — Macro Snapshot RIYADH: Morale among major Japanese manufacturers fell in the first quarter from the previous three months, the Bank of Japan’s closely watched “tankan” survey showed on Friday, as lingering pains from COVID-19 and the war in Ukraine clouded the …

More than 43 million people, including 8.8 million people aged 50 and older, have outstanding federal student loans, with the average debt burden exceeding $37,000, according to data from the federal student aid office. Students (FSA) from the US Department of Education. At the same time, the student debt landscape is undergoing big changes, with …

Personal loans can be used to cover almost any type of expense and are generally not considered taxable income unless the loan is forgiven. If your personal loan is cancelled, the money you borrowed becomes Debt Cancellation Income (COD). You must report COD income when you file taxes for the year the loan was forgiven. …

the Mortgage and loan software The report is an in-depth examination of the general consumption structure, development trends, sales techniques and sales of the major nations of the global Mortgage Software. The research covers well-known vendors in the global Mortgage and Lending Software industry along with market segmentation, competition, and macroeconomic climate. A comprehensive Mortgage …

United States: California Supreme Court rules on negligence claims related to mortgage modifications March 24, 2022 Snell and Wilmer To print this article, all you need to do is be registered or log in to Mondaq.com. On March 7, the California Supreme Court settled the issue of whether a mortgage …

March 20—Brooklyn McBee makes progress with her recent promotion to mortgage originator at Merrimack County Savings Bank (the Merrimack). As a mortgage originator, McBee will assist clients in the process of qualifying, applying for, or refinancing a home loan. “I am pleased to welcome Brooklyn to the team,” said Chris Mamone, Vice President, Residential Mortgage …

What you could pay for a mortgage now Getty Images/iStockphoto Mortgage rates rise: According to the latest data from Bankrate, 15-year mortgage rates rose slightly from the previous day to 3.65% (3.69% APY), while 30-year mortgage rates rose slightly to reach 4.48% (4.49% APY). Although rates are on an upward trend, they are still quite …

SAN JOSE, Calif.–(BUSINESS WIRE)–All Cal Financial, one of the nation’s leading mortgage brokers, today announced its merger with InstaMortgage, a technology-focused mortgage lender licensed in 26 states. InstaMortgage is an award-winning lender with a national reputation for providing cutting-edge technology to deliver a mortgage quickly and efficiently. All Cal Financial is one of the leading …

Mumbai: Bank of Baroda (Bank), one of India’s leading public sector banks, has launched the #AapkeSapnoKaSathi campaign – a youth-focused home and car loan campaign aimed at millennials that highlights the rates of attractive interests of the Bank in an engaging interaction between a young decision-maker and his parent. Bank of Baroda offers one of …

During a class on Tolstoy and DH Lawrence, she recalled in a phone interview: “Here is this 6ft 6in guy, sitting in the front row, laughing at me, rolling his eyes and making faces . I had never seen anything like it. I called him into my office and asked, ‘How would you teach this …

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Mortgage rates were flat today. If you want to buy a house or refinance your current home, you still have a chance to lock in a historically low rate. To date, the …

President Joe Biden (Photo by Samuel Corum/Getty Images) Getty Images If President Joe Biden extends the student loan payment pause, expect these 3 things to happen. Here’s what you need to know. Student loans Biden could extend the student loan payment pause beyond May 1, 2022, which would be a big win for student borrowers. …

Mortgage interest rates have fallen to historic lows over the past two years, giving many homeowners the chance to save money by refinancing their loans — an opportunity black and low-income homeowners don’t. were unable to enjoy due to various obstacles. According to a report released this month by the Federal Reserve Bank of Philadelphia, …

California-based non-bank lender Carrington Mortgage Services has invested to drive growth in its wholesale channel, with the latest announcements including new loan processing technology and plans to increase the sales team. The focus on brokers comes at a time in the mortgage industry where the retail channel is losing origination volume, particularly refinance volume, due …

BEND, Ore.–(BUSINESS WIRE)–Nations Lending, a leading national full-service mortgage lender, today announced it is expanding its reach in Oregon with a new branch in Bend. The company taps Cory Benner, a 17-year mortgage veteran, to lead the office as branch manager. Benner will report to Divisional Sales Manager Nino Saso. Benner held management positions throughout …

Fannie Mae appointed Sharifa Anderson to fill the newly created role of Senior Vice President and Chief Diversity and Inclusion Officer. Effective February 28, Anderson, who most recently served as Director of Diversity and Inclusion at Federal Home Loan Bank of Pittsburghlead Fannie’s efforts to create positive diversity and inclusion outcomes across the company as …

The strongest seller’s market ever is set to hold for the start of the spring home buying season, housing experts say. Home prices and sales have soared for nearly two years, and the number of properties on the market has plunged to a record low. Of course, housing demand could be dampened by the punch …

monkeybusinessimages | iStock | Getty Images Finding a new home can seem like a daunting task these days. Prices are up, inventories are low, and mortgage rates are rising. Therefore, in this environment, it pays to do your homework before entering the market. Once you start searching, you’ll need to move at the speed of …

The Mortgage Bankers Association has released its monthly update on the share of forborne mortgages. Abstentions increased at the start of the pandemic, but have gradually decreased since May 2020. Fannie and Freddie loans (the majority of the mortgage market) have been the best throughout this process. As a result, they’ve had less ground to …

Capital markets KMRC seeks standard mortgage terms Monday, February 21, 2022 Johnston Oltetia, managing director of the Kenya Mortgage Refinance Company (KMRC). PICTURES | DIANA NGILA | NMG By CONSTANT MUNDAMore from this author Summary The firm set up to reduce risk in the mortgage market says the consultant will be responsible for conducting a …

Federal agency looks into ‘junk fees’ The Consumer Financial Protection Bureau wants your opinion on a time when you felt cheated out of a charge that may amount to more than the actual cost of the original purchase. ATLANTE – The Consumer Financial Protection Bureau is planning a crackdown on what it calls unwanted charges. …

New Jersey, United States,-The latest report published by Market Research Intellect presents an in-depth analysis of the global mortgage and lending software market. This research report assesses ever-changing market dynamics that are expected to affect the trajectory of the overall market. Analysts have studied historical market performance and compared it to current market trends, charting …

Balance transfer involves transferring the outstanding balance of a home loan from one lender to another in order to benefit from lower interest rates or better terms. Here, the new lender grants the loan to the customer and remits the outstanding loan amount to the old lender. After the transfer, the borrower’s obligation to repay …

Billesbach vs. Specialized Loan Servicing LLC Facts: A homeowner fails to repay the mortgage on his house. The mortgage holder initiates foreclosure proceedings without first discussing foreclosure alternatives. The homeowner is filing a lawsuit under the California Homeowner Bill of Rights (HBOR) alleging that the mortgage holder violated HBOR by failing to perform a pre-lockdown …

5 money moves to make before the Fed raises interest rates

The two-year period of historically low rates of interest is about to come to an end, perhaps in the next month. This means that time is all but over for both borrowers as well as savers. The Federal Reserve is wondering when it will begin raising the federal funds rate this year and how fast it’s …

By Emma Whitford (February 8, 2022, 7:51 PM EST) – Bank of America loaned $108 million to Simone Development Companies entities for a commercial condo at the Metro Center Atrium in the Bronx with the help of Schiff Hardin LLP, according to documents made public in New York on Tuesday. The unit is located at …

KBC Bank Ireland has announced that it has finalized an agreement announced in August to sell a portfolio of non-performing mortgages worth around €1.1 billion in a transaction financed by funds managed by CarVal Investors. The loans are mainly non-performing real estate loans and rental real estate loans. Pepper Finance Corporation (Ireland) will service the …

Stephanie Purnell Photo submitted AUGUSTA – Kennebec Savings Bank President and CEO Andrew Silsby recently announced that Stephanie Purnell has been hired as the bank’s branch manager at Waterville Main Street, according to a bank press release. Among other responsibilities, Purnell is responsible for the day-to-day management of the branch and staff, developing new business …

Courtneyk/Getty Images If you’re buying a home in 2022, it likely means you’re facing the complicated process of applying for a mortgage to help pay. You may have heard that applying for a mortgage (or any other loan, for that matter) can hurt your credit score, so you may be hesitant to apply with more …

Nebraska may have peaked in COVID cases caused by the omicron variant, but the sharp drop in cases is not yet a relief to hospitals in the state. LINCOLN — Gov. Pete Ricketts on Tuesday announced the launch of a program to help homeowners get out …

What type of lender is NatWest? NatWest, part of the Royal Bank of Scotland group, is one of the UK’s largest mortgage lenders. In 2018, the bank lent £30.5 billion in mortgages, according to our mortgage brokerage partner, Trussle. That’s 11.4% of the whole UK mortgage market. The bank has both high street branches and …

Although Roma are unlikely to make a move the size of Dusan Vlahovic before the winter transfer window closes next week, general manager Tiago Pinto’s remaining transfer ambitions are likely to hinge on his ability to find a suitable new home. for midfielder Amadou Diawara, who has apparently been digging into his heels, hoping for …

In the latest quirk of the pandemic mortgage market, rates on jumbo loans have fallen significantly below those on conforming loans. The average rate on a 30-year jumbo loan was just 3.44% in Bankrate’s latest national survey, well below the 3.71% average for conforming mortgages. Jumbo loans rarely offer a better deal than conforming loans. …

Editorial independence We want to help you make more informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and allow us to earn a referral commission. For more information, see How we make money. The average 30-year fixed mortgage rate jumped again last week, to 3.75%, …

Currently, one third of India’s population resides in cities and it is estimated to reach 50% by 2030. There is a steady increase in the number of households with a transition to nuclear families and increased urbanization. The 66% of the young population – under the age of 35, are becoming young millennial mortgage borrowers. …

SAN JOSE — A local group has purchased the historic Burbank Theater in San Jose, ending a saga that included a loan from one of Wall Street’s most notorious financial firms, a lawsuit and a foreclosure. Immediate questions following the purchase: next steps in the face of the dilapidated, long-shuttered, seven-decade-old theater described as a …

Ginnie Mae recently released All Participant Memorandum (APM) 21-09, which announced increased mortgage amount limits for high balance loans. Ginnie Mae’s revised definition of high balance loan in NPA 21-09 provides that, effective for pools or pools of loans submitted on or after January 3, 2022, a high balance loan is defined as a mortgage …

BEIJING – Construction and real estate sales have fallen. Small businesses have closed due to rising costs and weak sales. Local authorities in debt reduce the salaries of civil servants. China’s economy slowed markedly in the final months of last year as government measures to curb property speculation also hurt other sectors. Lockdowns and travel …

Published: 01/15/2022 11:01:16 Modified: 01/15/2022 11:00:11 AM Kim Lesnewski was promoted to mortgage originator at Meredith Village Savings Bank in Laconia. She will help clients apply for mortgages, construction loans and equity loans. Jared Price was promoted to Vice President – ​​Comptroller, at the Bank of New Hampshire. He will administer, lead and manage the …

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We may receive a commission when you click on links to our affiliate partners’ products. When it comes to paying for some of life’s biggest expenses – a home renovation, a big medical bill, an …

With a piggyback loan, you take out one larger mortgage and a smaller second. The funds from the second mortgage go towards your down payment, which can mean better terms on the first mortgage. A piggyback loan comes with additional costs, so be sure to consider whether it would actually save you money. Read more …

[Decoded] What should be the ideal length of your mortgage loan? | Photo credit: BCCL With mortgage rates at an all-time low, this is probably the best time to buy a home. Home loans make home ownership convenient and affordable. If you have decided to buy a property by taking the help of a home …

NEW YORK–(COMMERCIAL THREAD) – Citizens State Bank, a Wisconsin-based community bank specializing in commercial and personal banking products, selected Lendsmart, an AI-powered digital lending platform, to enhance its digital lending operations and deliver an experience transparent client. Using Lendsmart’s artificial intelligence technology, Citizens State Bank will be able to process more loans and help clients …

When you apply for a loan, the lender examines your credit score to determine your loan eligibility and the interest rate. Your credit score is calculated from things like your credit card and mortgage payment history, and the status of other active loans you may have. But about 45 million Americans don’t have a credit …

TYSONS CORNER, Virginia – (COMMERCIAL THREAD) – CIM Group, a community-driven owner, operator, lender and developer of infrastructure and real estate, today announced that a fund managed by CIM has closed a $ 148 million loan to a joint venture between Westbrook Partners and American Real Estate Partners to refinance Highline in Greensboro, a Class …

One of the biggest hurdles are the land or house tax documents, which are actually the basis for assessing the mortgage application. At first, obtaining documents from the revenue department is a difficult and time-consuming task. The drafting of these documents, most of the time, is considered inappropriate within the framework of the ownership structure …

If you are considering applying for a home improvement loan, consider the following important factors for a user-friendly experience. 1. Set your home improvement goal Remember that obtaining funds is part of the journey when considering a loan. You also have to repay the loan, and there is a cost of borrowing. So, determine the …

Freddie Mac’s New Renovation Loan Freddie Mac’s CHOICEReno eXpress program can provide you with the cash you need badly if you’re buying or refinancing a home in need of upgrades. This one-time closing loan finances your mortgage and home renovations with just one loan. This means only one set of documents, one closing, and one …

A new report from California-based Attom Data Solutions shows that US mortgages declined at an unusually rapid rate during the third quarter. Atom current mortgage loan report shows that domestic loan applications fell 8% from the second quarter of 2021 – the largest quarterly decline in more than a year. “The quarterly decline was also …

E eligible homebuyers could get a mortgage worth seven times their salary starting today, after the Bank of England announced plans to ease lending rules in December. To qualify for the higher loan, applicants must have a base salary of £ 75,000 or more per year. An applicant in a joint application can borrow up …

PROVIDED Squirrel chief executive John Bolton believes the new lending laws have ushered in ultra-conservative lending policies on the part of banks. Mortgage broker John Bolton will lead his campaign to have home loans excluded from changes to the Loans Act in Parliament. Bolton has become the focal point of protests by mortgage brokers against …

NEW YORK, 20 December 2021 / PRNewswire / – José R. González, Chairman and CEO of the Federal Home Loan Bank of New York (“FHLBNY”), announced that the FHLBNY has awarded $ 34.3 million in grants to finance 46 affordable housing initiatives through New Jersey, New York, Arizona, California, Maryland and Pennsylvania. These scholarships are …

Bolton hopes the petition, which has garnered more than 5,000 signatures, will highlight some of the issues borrowers (including home and business owners) face and encourage the government to review the CCCFA. Responding to Newshub, David Clark said that under the new regulations, lenders are required to follow a rigorous process to determine borrowers’ income …

Fowlie has 25 years of experience in banking and mortgage services, which includes leading operations and initiating and implementing successful business transformation projects. He will oversee the loan administration division of Guild Mortgage, with responsibility for improving the overall customer experience, from customer service to loan default management, optimizing productivity, efficiency, service and compliance. . …

LOS GATOS, California, December 15, 2021 / PRNewswire / – Home Run Financing today announced the addition of two new hires to its leadership team. Rob Pile, Director of Revenue, and Rich fenske, CFO joined HRF’s management team after a long career in home improvement loans and renewable energy finance. Stack has nearly 20 years …

Photo: depotphotos.com Q: We are looking to get out of town and have found a nice older house further out of the suburbs than expected. We’ve been paying high rent with low incomes for so long that we haven’t been able to save any money, and a local mortgage lender who turned down our request …

As a financial planner, I find that many of my clients are obsessed with having a high credit score. A high score is important for borrowing money, but there isn’t much benefit after you hit 760. Your net worth and your debt ratio are more important factors in measuring financial health. Learn more about Personal …

Whether you are trying to start a new business or grow a small business, there are a number of options for obtaining the necessary financing. You don’t have to go into debt to finance your business. Determine the amount of financing you need Before you start obtaining financing for your business, you need to determine …

Cipriani locations at 110 East 42nd St and 55 Wall Street in New York (Google Maps) The latest call could arrive at two Cipriani locations in New York City as the hotel company faces foreclosure following a default on its mortgage debt. The Wall Street Journal reported that Cipriani has been in default on $ …

The rules, introduced in 2014 in the wake of the financial crisis, are being reassessed as part of a review of market restrictions that ends next week. The authorities are reportedly considering relaxing affordability controls for borrowers. One way to do this, currently being considered, is to reduce the additional interest charge that is used …

Embrace Home Loans, a leading national mortgage lender, entered into an advertising deal with Keller Williams Core in Long island, new York, to help its real estate agents better attract and serve local buyers. The central offices of Long island understand Garden city, Woodbury, Franklin Square and Ozone park. Through this agreement, Embrace will deliver …

MIDDLETOWN, RI, December 2, 2021 / PRNewswire / – Embrace Home Loans, a leading national mortgage lender, has entered into an advertising deal with Keller Williams Core in Long island, new York, to help its real estate agents better attract and serve local buyers. The central offices of Long island understand Garden city, Woodbury, Franklin …

Personal loans edged up in October, even as mortgage loans hit their lowest level in three months. According to bank of england, total personal loans increased 0.1% month-on-month or £ 2.3bn to £ 1.75bn, up 4.4% year-on-year. As part of this, consumer credit increased by £ 0.7bn net last month (consensus: £ 0.5bn) to reach …

Many of us have borrowed money and used real estate as “collateral” for this loan of money. These provisions essentially provide that if the borrower does not repay the money owed to the lender, the lender can sue the borrower and possibly force the sale of the building which would provide the money to repay …

Commuters walk past a branch of ANZ Bank in Sydney, Australia on April 23, 2018. REUTERS / Edgar Su Register now for FREE and unlimited access to reuters.com Register now Nov. 26 (Reuters) – The Australian Securities and Investments Commission (ASIC) on Friday announced that it has taken legal action against the Australian and New …

Cash refinancing loans and second mortgages both allow you to borrow money while using your home as collateral for the loan. But there are some important differences between them to take into account when deciding which of the two – whether one or the other – is right for you. Here are three of the …

From left to right: Robert Mercer with 48-05 Metropolitan Avenue and Gary Barnett with 17 West 60th Street (Getty, Google Maps, Bulado General Contractors Corp) A subsidiary of Ladder Capital will oversee the sale of $ 730 million in secured loan bonds, some of which will help finance four midsize development projects in the city. …