{"id":61472,"date":"2009-12-03T13:08:41","date_gmt":"2009-12-03T18:08:41","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2009\/12\/03\/bofa-to-repay-tarp-funds-primer-on-jobless-claims-vs-unemployment-possible-fha-changes\/"},"modified":"2009-12-03T13:08:41","modified_gmt":"2009-12-03T18:08:41","slug":"bofa-to-repay-tarp-funds-primer-on-jobless-claims-vs-unemployment-possible-fha-changes","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/61472","title":{"rendered":"BofA to repay TARP funds; primer on Jobless Claims vs. Unemployment; possible FHA changes"},"content":{"rendered":"

\"pipeline-press\"<\/a><\/p>\n

\"rob-chrisman-daily\"<\/a><\/p>\n

I have decided to hold a press conference to confront stories that I was Tiger Woods’ mistress. I\u2019ve never held one before. Nor have I ever met the man, nor am I \u201cinclined\u201d that way. But I figure that now is a good time to jump on the band wagon, especially if magazines are paying up for stories. Stay tuned for the time and place \u2013 it might be more entertaining than mortgage banking, and I\u2019ve never been on the cover of \u201cUs\u201d.<\/p>\n

I would imagine that plenty of folks at Bank of America, and their clients, are happy. Bank of America Corp. said that it plans to repay its $45 billion in government bailout funds, as soon as this week!<\/strong> Apparently the Bank has that much available cash, without sniffing around in the safe deposit boxes of its customers, and raise $18.8 billion in capital to repay the money. This is great news for shareholders (the stock moved higher on the news). Of the 4 major mortgage investors & servicers, this will leave Citi ($45 billion) and Wells ($25 billion) with owing TARP funds.<\/strong> There is no news from Citi. As for Wells, ever since they accepted their $25 billion of federal bailout assistance last year, management has said that the bank never needed the money, didn\u2019t want it, and shouldn\u2019t have been forced by the government to take it. They keep saying they\u2019d like to pay it back, too, but have not offered up a schedule.<\/p>\n

If you went to a mall last weekend to look for Cabbage Patch Dolls, the odds are pretty good that it was owned by General Growth Properties<\/strong> \u2013 they own and manage more than 200 of them here in the US. They are in the middle of a Chapter 11 bankruptcy plan after failing to refinance portions of its $27 billion in debt.<\/p>\n

more on GGP, MBAA Apps, FHA MI Changes, GMAC Bank, Wells Wholesale, HAFA, Economy and Markers, and more TIBER WOODS JOKES PART 2 <<< CLICK HERE<\/a><\/strong><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

I have decided to hold a press conference to confront stories that I was Tiger Woods’ mistress. I\u2019ve never held one before. Nor have I ever met the man, nor am I \u201cinclined\u201d that way. But I figure that now is a good time to jump on the band wagon, especially if magazines are paying […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-61472","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/61472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=61472"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/61472\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=61472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=61472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=61472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}