Financial Services Industry
Industry: Email Alert RSS FeedAllstate buys N.M. bond to bolster homeowners. (Allstate Insurance Co.; New Mexico Mortgage Finance Authority bond)
National Underwriter Property & Casualty-Risk & Benefits Management, December, 1995 by Niedzielski, Joe
Allstate Ins. Co. has purchased a $5 million mortgage revenue bond from the New Mexico Mortgage Finance Authority as part of its continuing commitment to investment in neighborhood revitalization through municipal bonds, the carrier announced last week. The insurer becomes the private financing arm of a consortium which includes the New Mexico Mortgage Finance Authority, local banks, Neighborhood Housing Services of America and three other state housing organizations - Santa Fe Neighborhood Housing Services, Tierra Del Sol Housing Corp.
of Las Cruces and Neighborhood Housing Services of Albuquerque. The joint effort - Neighborhood Investment Creating Housing, or NICH - allows New Mexico residents in Santa Fe, Bernalillo, Dona Ana counties and other areas the...
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