New Jersey has retired almost $500 million of outstanding debt for about $160 million in savings, joining other issuers in using defeasance as a cost-saving tool and to improve their credit.

Add Yahoo as a preferred source to see more of our stories on Google. MIDLAND, Texas (KMID/KPEJ) – The Midland Independent School District said it has finalized the defeasance of a significant portion ...

The state of Wisconsin is embarking on a flurry of debt-related activity as the year begins, with a cash defeasance and three refunding deals that may include tenders on the table in the first quarter ...

Bonds backing Electronic Arts Inc. stabilized after a precipitous plunge on Feb. 10, but the slump drew attention to a $750 million print of 2051 bonds that holders were expecting to offload at 101 ...

Wisconsin schools use "defeasance" to make it look like referendums do not raise taxes. Wisconsin school districts are using a financial tool called "defeasance" — increasing spending to prepay debt ...

MIDLAND This week, Midland ISD finalized the defeasance, which eliminated all outstanding debt obligations prior to series 2024 and allowed the district to start paying back a portion of the new debt.

Yield maintenance and defeasance are two common methods used to compensate lenders for the loss of interest income on commercial loans. Both terms refer to prepayment penalties designed to preserve ...

For the past several years, the U.S. housing market has faced an unusual constraint: not a lack of buyers, but a lack of sellers willing — or able — to move. Millions of homeowners remain “rate-locked ...

The New Jersey Department of Treasury announced Jan. 18 it paid off nearly $500 million in outstanding debt – saving taxpayers some $160 million. Using the Debt Defeasance and Prevention Fund – to ...

Some commentors have argued that defeasance violates “uncompensated taking” constitutional protections. While mortgage defeasance legislation would likely invite legal challenges, I will explain why ...

New legislation permitting conventional mortgage borrowers to use defeasance as a payoff option instead making a due-on-sale payoff must recognize and address several tax issues. Taxes are complicated ...

A defeasance clause in real estate is a provision in loan agreements that defines how a borrower can satisfy the lender's requirements in order to release their lien on the property. This clause can ...