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It is set to change the whole bond market, from underwriting to secondary trading.
ITT once did everything from insurance underwriting to military contracting to baking Wonder Bread.
And higher financing costs and tighter lending terms caused mortgage underwriting to grind to a halt.
The consumer agency focused instead on making sure that lenders conduct thorough vetting, or "underwriting," to make sure consumers have the financial capacity to handle the mortgage payments.
During a conference call with analysts, Lehman executives said they expected corporate bond underwriting to be down about 10percentt next year.
LEHMAN BROTHERS HOLDINGS, New York, named Larry Wieseneck, head of convertible securities underwriting, to the additional post of co-head for United States capital markets, with James Miller.
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These mortgages are underwritten to different standards and don't require a down payment.
Only at Georgetown, is there a faculty member whose time is specifically underwritten to coordinate and supervise the program.
"This enables Brit to underwrite up to £500m for next year without relying on any third-party capital support," he said.
Thus, the state had already drawn upon market-oriented principles to underwrite efforts to conserve forestlands and biodiversity before the adoption of current payment for ecosystem services.
Companies perform underwriting process to make decisions on applications and to price policies accordingly.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com