The News Review:
- Fitch Places 103 Classes from 32 Auction Rate Student Loan ABS …
- Animal Charity Takes a Star-Studded Silent Auction Online
- The New America High Income Fund, Inc. Reduces Auction Term …
- Nearly 500 Foreclosed Homes Hit Auction Block in Ohio and Pennsylvania
- Double JJ Auction Today Raised Nearly $10 Million;ResortWill …
- UPDATE 1-Finland to auction 2012 govt bonds Nov 5
- Rare cello set for record fails to sell at auction
Fitch Places 103 Classes from 32 Auction Rate Student Loan ABS …
MarketWatch
31, 2008
NEW YORK, Oct 31, 2008 (BUSINESS WIRE) –
Fitch Ratings places 103 subordinate classes from 32 student loan trusts
on Rating Watch Negative as a result of disruptions in the auction-rate
market. Fitch is conducting on ongoing review of its student loan asset backed
securities (ABS) transactions focusing on those utilizing auction-rate
debt to finance FFELP and private student loan collateral. Following an
initial analysis, 32 trusts have been identified to have
asset-to-liability, or parity, ratios that may be insufficient to cover
expected losses at the current rating category in light of the current
interest rate environment and failed auctions. Parity ratios for these
trusts are generally below 100% and have either declined or remained
flat since the auction-rate market disruption began in September 2007. Additionally, certain trusts financing private student loan collateral
are experiencing deterioration in portfolio performance due to increased
defaults, contributing further to parity ratio declines. Fitch’s review of transactions with exposure to auction rate debt
remains ongoing and additional trusts may be identified for negative
rating actions as the review proceeds.
Related: Fitch Ratings Affirms GMAC 1999-C1; Assigns Outlooks
Animal Charity Takes a Star-Studded Silent Auction Online
MarketWatch
As is typical for a fundraiser, the animal charity, the world’s largest no-kill animal rescue and adoption agency, is staging a silent auction. But this time, they’ve put it on the internet, posting an array of glamorous and unique items, led off by an oversized painting of the King of All Media, Howard Stern, depicted on the cover of Rolling Stone magazine, along with a tour of his Sirius Radio studio. Animal League supporters can view the auction lots at.
The New America High Income Fund, Inc. Reduces Auction Term …
MarketWatch
575 million of its Auction
Term Preferred Stock Series C (the “ATP”). The Fund received an
unsolicited offer from the seller allowing the Fund to purchase the
ATP at a discount to its liquidation preference. The Board of
Directors, in consultation with T. Rowe Price Associates, Inc.
Nearly 500 Foreclosed Homes Hit Auction Block in Ohio and Pennsylvania
MarketWatch
Real estate auctions expose buyers to a multitude of homes that lenders are eager to sell at discounted prices to avoid the long-term carrying costs of holding these properties. On November 4th-9th, Hudson & Marshall will auction nearly 500 foreclosed homes in cities throughout Ohio and Pennsylvania. More than 150 homes will be auctioned in Cleveland on November 8th. “Purchasing foreclosed property through auction is a win-win for buyers.
Double JJ Auction Today Raised Nearly $10 Million;ResortWill …
MarketWatch
6-acre piece of property. Personal property was auctioned
second, with the entire lot of animals sold to one bidder. Bruinsma time to negotiate for an entirety
purchase which would allow the resort the best possibility of re-opening
as an operating unit. Hundreds of interested bidders of horses, dogs and other animals
did not have the opportunity to bid since the animals were sold off in
one large tract. The Double JJ Ranch and Resort is a 1,200+ acre property with an
indoor water park, 18-hole golf course, horseback riding, and hotel and
conference center all among a Wild West theme. The ranch opened in 1937
and has hosted individual travelers, weddings, conventions, family
vacations and the highly successful 2008 Rothbury Music Festival.
UPDATE 1-Finland to auction 2012 govt bonds Nov 5
Forbes, NY
5, the State Treasury said on Friday. 15 2012 bond has 5 billion euros ($6.
Rare cello set for record fails to sell at auction
Reuters India, India
“We are now working to put together an after-auction sale with interested parties,” a spokesman for Tarisio said. The cello is named the “Fleming” for its most recent owner, the late British cellist Amaryllis Fleming, who died in 1999 and was the sister of James Bond author Ian Fleming. It is being sold by her family and the proceeds are to go to the Royal College of Music in London where she studied and taught. The current auction record for a cello is $1. 03 million, paid for another Stradivari cello, the “Bonjour,” at a Christie’s auction in 1999.