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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.
Map of Texas City. Texas City is 10 miles (16 km) northwest of Galveston and 37 miles (60 km) southeast of Houston. According to the United States Census Bureau, the city has a total area of 186.58 square miles (483.24 km 2), of which 66.27 square miles (171.64 km 2) is land and 120.31 square miles (311.60 km 2), or 67.61%, is covered by water. [1]
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 ...
Regions Geographic Footprint. Regions Financial Corporation, formerly known as First Alabama Bankshares, was founded on July 13, 1971 with the merger of three Alabama banks: First National Bank of Montgomery, Alabama (opened 1871), Exchange Security Bank of Birmingham, Alabama (opened 1928), and First National Bank of Huntsville, Alabama (opened 1856).
Texas recently passed the state of New York in finance employment for the first time ever in a 33-year period, according to an analysis by Yahoo Finance of Bureau of Labor Statistics data from ...
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 .
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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 .