Friday, Treasury released its most recent completed transactions report for the period ending December 16, 2009. During the period, two financial institutions repurchased warrants issued to Treasury under the Capital Purchase Program (CPP) for a total of $1,128,700. FPB Financial Corp. also repurchased $1,000,000 of the $3,240,000 in preferred stock issued to Treasury under the CPP, leaving Treasury with a $2,240,000 investment in the company. Treasury’s total investment under the CPP, net of repayments, is now $108,558,531,320. Treasury also entered into commitments with six mortgage servicers under the Home Affordable Modification Program for a total of $6,150,000, bringing the total cap on Treasury’s commitments under the program to $27,425,880,000.
Register Now As you are not an existing subscriber please register for your free daily legal newsfeed service.Register
If you have any questions about the service please contact firstname.lastname@example.org or call Lexology Customer Services on +44 20 7234 0606.
Treasury releases completed transactions report
If you are interested in submitting an article to Lexology, please contact Andrew Teague at email@example.com.
"Lexology is a good barometer of a firm's expertise as the articles showcase a firm's understanding of the issues involved and how up to date their knowledge is. It's a good one stop solution where one is able...
"Lexology is a good barometer of a firm's expertise as the articles showcase a firm's understanding of the issues involved and how up to date their knowledge is. It's a good one stop solution where one is able to view the same law/cases from different perspectives; on the whole I would rate Lexology as a good service."
How Yee Loh