In looking ahead to 2015 ratings, CMS announced that six categories will be subject to a 2% increase in the four-star rating threshold, including Cardiovascular Care, Controlling Blood Pressure, and Diabetes Treatment. CMS also indicated that it may adopt other star rating changes, including new star ratings categories and changes to existing categories. In addition, low-enrollment plans will be included in the star rating program. … [Read more...] about Centers for Medicare & Medicaid Services (CMS) 2014 Call Letter: A Bright Future for CMS Star Rating System
Low refinance rates
Fixed-rate mortgages are the most risk-averse bet, so the analysis will begin there. The obvious benefit to a fixed-rate mortgage is the lack of volatility. If the borrower is comfortable with the rate, he or she can just lock in for the holding period and enjoy stress-free stable cash flows, shifting the risk of rising interest rates to the lender. Many fixed-rate mortgages are non-recourse as well, keeping personal liability for the borrower at bay. The disadvantages to fixed-rate mortgages begin with the rate - fixed-rate mortgages start at higher rates than introductory floating-rate mortgages. Also, fixed-rate mortgages often carry a yield maintenance provision that will impose substantial penalties on the borrower if the mortgage is paid before it reaches maturity, i.e., a pre-payment penalty. Some mortgages, however, contain an assumption clause that will allow a new buyer to assume the debt (as long as the lender approves), thus mitigating the factor of a prepayment penalty. … [Read more...] about Floating or Fixed Rates: Considerations in Choosing a Commercial Real Estate Mortgage
Student loan expert Heather Jarvis told the Am Law Daily that bank refinancing programs for student loans have disappeared since the 2008 recession. The Latham program “sounds like the kind of model program that other firms could evaluate and say, ‘Hey, could we do that too?’ Jarvis said. … [Read more...] about Latham associates refinance $13M in student debt, thanks to firm’s efforts
The article lists several law firms that have set up refinancing programs with banks. Besides Latham, they include: Kirkland & Ellis; Skadden, Arps, Slate, Meagher & Flom; Goodwin Procter; Akin Gump Strauss Hauer & Feld; Orrick, Herrington & Sutcliffe; and Weil, Gotshal & Manges. … [Read more...] about More law firms help associates find lenders to refinance student debt; will firms help pay?
"The supply of credit continues to drift higher, driven once again by growth in the conventional credit space, while credit supply in government loans was essentially unchanged from the previous month," Kan said. "There were more mortgage programs offered with high [loan-to-value] and low credit score characteristics - likely attributable to rising demand from first-time buyers. As seen in our weekly mortgage applications survey, average purchase loan amounts have moved lower in the second half of the year, which also supports first-timers' increased presence in the market." … [Read more...] about Mortgage rates are down significantly over the past three weeks