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On July 1, 2008, the company announced the sale of its home lending division to Lone Star Funds for $1.5 billion in cash and the assumption of $4.4 billion in debt and the sale of its manufactured housing loan portfolio, with a face value of $470 million in loans, to Vanderbilt Mortgage and Finance for approximately $300 million.
See also Accretion (finance). In particular, "accretion expense" is a phrase used in topic 410-20 of the United States GAAP Codification of Accounting Standards (SFAS 143), which describes the reporting of asset retirement obligations. This kind of liability typically has a long and predetermined life on a company's balance sheet, and hence, as ...
In finance, the term accretion refers to a positive change in value following a transaction; it is applied in several contexts. When trading in bonds , accretion is the capital gain expected when a bond is bought at a discount to its par value , [ 1 ] given that, it is expected to mature at par .
The Texas City Terminal Railway Company provides an important land link to the port, handling over 25,000 carloads per year. The Port of Texas City's success as a privately owned port has been aided by its shareholders, the Union Pacific and Burlington Northern Santa Fe railroads, whose connections allow for expeditious interchange of their ...
Lexi Newkirk and her husband, Diego, weren't interested in cramped city living. Instead, the young married couple from Austin, Texas , created their very own path to home ownership .
The company was founded in 1997 when GMAC acquired the assets of LSI Holdings Inc. [1] [2] [3] In June 1998, Tommy Pritchard was appointed president of the company. [1] In February 2000, the company began buying contracts originated by dealers affiliated with National Auto Finance Co., as long as they met Nuvell's standards. [4]
More Fortune 500 companies are now based in Texas than any other state, with Houston being the most popular city for headquarters. Texas’s average cost of living is just over $45,000, a 2022 ...
Truist Securities analyst Michael Ciarmoli reiterated a Buy rating on the shares of Northrop Grumman Corp (NYSE:NOC) with a price forecast of $545. The company reported fourth-quarter sales that ...