• Weekly Market Commentary

    Weekly Market Commentary

    In mid-September, America marks three very different but significant moments in its history. Observances in New York, Washington and Shanksville, Pennsylvania commemorate the 13th anniversary of the heinous attacks of 9/11 which launched our war on terror.

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    Weekly Market Commentary

    Citing intolerably low rates, oppressive prices, reduced allocations, and an overall lack of goods, quite a few municipal bond investors remain committed to the market. The AAA 30-year tax-exempt yield at this writing is 3.11%, down 26% from where it began the year.

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  • Sims Insights

    New Jersey’s Rating Downgrades by Fitch and S&P

    Fitch & S&P ratings moving down in tandem. What does it mean for investors? Last week, Fitch downgraded New Jersey’s General Obligation (G.O.) bond rating from “A+” to “A”. This week, S&P replicated that , downgrading the State’s G.O. bond rating to single ‘A’ as well.

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    Is Detroit’s Bankruptcy Staggering to the Finish Line?

    The real finish line is years away and may never be reached. Will detroit ever see a normal return to bond market access? Detroit’s Bankruptcy Judge began hearings on Tuesday to judge whether they have met the requirements to exit bankruptcy.

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  • Sims in the Media

    SMF Approved by HUD for Tax Credit Finance Program

    Sims Mortgage Funding was approved by HUD earlier this month to participate in its Low Income Housing Tax Credit Pilot Program. SMF is now authorized to submit mortgage insurance applications under HUD’s “enhanced” Section 223 (f) program for the acquisition or refinancing of affordable multifamily and elderly rental housing that includes low-income housing tax credits.

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    Sims Works with Client to Finance Start-up CCRC

    The Lutheran Village at Miller’s Grant, Inc. is a Maryland not-for-profit corporation that was organized in 2005 to own a continuing care retirement community on approximately 50 acres of land in Ellicott City, Maryland.

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