Your Financial Issues

NEW YORK—-Fitch Ratings assigns an ‘A’ rating to the $4.06 million in Lompoc Valley Medical Center insured revenue bonds, series 2009, based on the Insurer Financial Strength rating of the State of California’s Cal-Mortgage Loan Insurance Division , whose rating reflects the State of California’s general obligation rating of ‘A’.
Source:Fitch Rates Lompoc Valley Medical Center's [...]

As Congress works to help struggling homeowners and stabilize the housing industry, the House on Thursday passed legislation to set mortgage standards and to curb some lending practices brought to light by the market’s implosion.
Source:House Passes Mortgage Overhaul Aimed at Curbing Predatory Lending (CQPolitics.com via Yahoo! News)

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JACKSON — EastGroup Properties Inc. has closed on a $67-million limited recourse mortgage loan discussed in the first quarter earnings press release.
Source:EastGroup closes on $67M loan (Mississippi Business Journal)

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How valuable is your financial adviser? After seeing even carefully crafted portfolios devastated by the market turmoil, many investors are wrestling with that question. Yes, good advisers will hand-hold during rocky periods and can help you stick to a smart asset-allocation plan.
Source:Financial Advice: Worth the Price? (BusinessWeek)

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May 7 (Bloomberg) — Jones Day partner Corinne Ball , who is charging bankrupt Chrysler LLC $900 an hour for her counsel, asked a judge to make sure her law firm gets paid before other professionals and creditors.
Source:Chrysler Lawyers Seek Fees Before Other Creditors (Update2) (Bloomberg)

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