'Loyola's inability to cover up its paid-up capital impairment amounting to P126 million and trust fund deficiency in the amount of P149 million based on its 2016 Audited Financial Statements as of December 31, 2016, is one of the grounds for placing the company under conservatorship
,' Funa said.
The deficiencies were found in Loyola's 2016 audited financial statement and, according to Funa, was 'one of the grounds for placing the company under conservatorship
In an advisory posted on the IC website, Insurance Commissioner Dennis Funa ordered the lifting of the conservatorship
order issued to Metropolitan Insurance and the renewal of its Certificate of Authority, which was previously revoked by the IC.
The lawsuit filed in Los Angeles alleges that Anthony Elia, who runs the website Absolute Britney, has falsely claimed the court-ordered conservatorship
has manipulated Spears' Instagram account to make her appear more troubled and in need of help than she actually is.
"I was worried that he was trying to take down the conservatorship
. I was very angry.
Moments earlier, in a closed hearing room with paper covering the windows, her parents and their lawyers discussed with a judge the status of Spears' conservatorship
. The court-supervised arrangement gives her father control over her $47 million estate and personal affairs; it has been in place since Spears suffered a very public breakdown in 2008.
After hearing Spears and her parents speak in a rare and secretive joint court appearance on Friday, the judge ordered an expert evaluation in the conservatorship
that has put control of much of the 37-year-old singer's life in the control of her father.
Susan Wharton Gates was a 19-year veteran of Freddie Mac who departed shortly after conservatorship
. Her treatise provides insights to the machinations, both within the walls of Freddie Mac and outside, that preceded the mortgage market crisis.
The government has been completely repaid by both Fannie and Freddie, with returns now exceeding the original 10% annualized rate of return established at the start of the conservatorship
. There has been increasing convergence in the views of industry and other stakeholders that the Administration should have the GSEs start building capital and must lead efforts to remove the enterprises from conservatorship
According to NCUA financial performance reports, the $84.6 million Ukrainian Future Credit Union is well capitalized and has not posted net income losses over the last five years, but Michigan regulators placed the Warren-based credit union into conservatorship
Waugh will represent clients in disputed conservatorship
, guardianship and related probate proceedings, serving as court-appointed counsel in a capacity commonly known as the "PVP Attorney."