Use this template as a notice to guarantor for the payment of the amount for which he/she has been hold as a guarantee person and not paid by the credit holder.
This is a template for revocation of guarantee. This notice would be sent by a guarantor of a loan or other debt instrument to the secured party / lender who hold the security. The guarantor revokes its guarantee with respect to any further amounts lent to the debtor under the...
Industry performance between 2001-2003 was extremely strong from both a credit quality and profitability perspective. Historically low interest rates stimulated significant new debt issuance, while economic uncertainty heightened the demand for financial guaranty insurance. As a result, a number of financial guarantors were recapitalized or reorganized in 2003-2004 to capitalize...
This section of the federal register contains notices to the public of the proposed issuance of rules and regulations. The purpose of these notices is to give interested persons an opportunity to participate in the rule making prior to the adoption of the final rules. NCUA is proposing to revise...
Terrane Metals Corp. ("Terrane") (TSX VENTURE: TRX) is pleased to announce that it has signed the following definitive agreements (the "Definitive Agreements") in furtherance of its previously disclosed letter agreement (the "Letter Agreement") dated May 22, 2008, in respect of a credit agreement (the "Credit Agreement") and an option agreement...
Lower interest rates, fees, increased loan limits among changes INDIANAPOLIS, July 8 /PRNewswire/ -- The nation's college students and their parents will benefit from several major changes in the terms of federal student loans, according to USA FundsR, the nation's leading education loan guarantor. "Lower...
NEW YORK -- Fitch Ratings places the following classes of Cobalt CMBS Commercial Trust commercial mortgage pass-through certificates, series 2006-C1 on Rating Watch Negative: --$3.2 million class M 'B+'; --$6.3 million class N 'B'; --$6.3 million class O 'B-'. The Rating Watch...
CHICAGO -- Fitch Ratings places the following class of COMM 2006-C8 Mortgage Trust commercial mortgage pass-through certificates on Rating Watch Negative: --$9.4 million class O at 'B+'. The Rating Watch Negative placement is due to the transfer to special servicing of the 12th largest loan (1.7%),...
New online program addresses unique financial issues faced by graduate students INDIANAPOLIS, July 1 /PRNewswire/ -- USA FundsR, the nation's leading education loan guarantor, announces the introduction of USA Funds Grad GuideSM, its new online loan counseling program for graduate and professional students. USA Funds Grad Guide...
Colleges, universities cited for financial literacy, student loan default prevention efforts INDIANAPOLIS, June 24 /PRNewswire/ -- USA FundsR, the nation's leading education loan guarantor, has announced the recipients of its 2008 Excellence in Debt Management awards. The awards recognize postsecondary institutions that support initiatives to enhance student...
WALNUT CREEK, Calif., June 17 /PRNewswire-FirstCall/ -- The PMI Group, Inc. today announced that PMI Guaranty Co. PGC has received all regulatory approvals and entered into an agreement to transfer its entire Financial Guaranty Insurance Company FGIC related reinsurance portfolio to Assured Guaranty Re Ltd. AG Re, a...
PHILADELPHIA, June 16 /PRNewswire-FirstCall/ -- Radian Group Inc. commented today on the action taken by Standard & Poor's Rating Services (S&P). S&P lowered its financial strength rating to 'A' on Radian's financial guaranty business, including Radian Asset Assurance Inc., the Company's principal financial guaranty subsidiary. Radian...
The Honourable Diane Finley, Minister of Citizenship and Immigration, today announced two significant changes to the permanent resident card PR card application process. Permanent residents applying to replace a card that is due to expire are no longer required to send in their current valid card with the application. ...
Personal identifying information of 2.2 million people who have been patients of the University of Utah Hospitals and Clinics or their guarantors over the past 16 years was stolen last week. But police and health officials are giving the thief a unique opportunity to return it without consequence. ...
People who have been patients or their guarantors in the University of Utah health care system can take some immediate steps to protect themselves from possible identity theft or fraud. First, contact one of the three major credit bureaus -- Experian, TransUnion or Equifax -- and have...
Rusoro Mining Ltd. ("Rusoro") (TSX VENTURE: RML) is pleased to announce that Peter Hambro Mining Plc ("PHM") has agreed to make a strategic US$20 million investment in Rusoro and its affiliates (collectively the "Rusoro Group") as part of a larger US$80 million senior secured exchangeable loan (the "Loan"), exchangeable into...
OLDWICK, N.J. -- A.M. Best Co. has downgraded the debt rating to "bbb+" from "a-" on the $134 million floating rate insured notes the notes due December 15, 2018, issued by FLAC Holdings, LLC FLAC Holdings New York NY. The rating has been removed from under review with negative implications...
NEW YORK -- Ambac Financial Group, Inc. (NYSE: ABK) Ambac issued the following statement in response to today's rating actions by Standard & Poor's Rating Services (S&P): [TABLE OMITTED] Michael Callen, Chairman and CEO of Ambac, commented, "We believe there would be strong demand for a stable AAA...
NEW YORK -- Fitch Ratings affirms seven classes from the following Federal Family Education Loan Program FFELP student loan asset-backed notes issued by Access Group: Access Group 2007-1 --Class A-1 at 'AAA'; --Class A-2 at 'AAA'; --Class A-3 at 'AAA'; ...
NEW YORK -- Fitch Ratings affirms 7 classes from the following Federal Family Education Loan Program FFELP student loan asset-backed notes issued by the Student Loan Corporation SLC: SLC Student Loan Trust 2007-1 --Class A-1 at 'AAA'; --Class A-2 at 'AAA'; --Class...
