Moody’s Investors Service and Standard & Poor’s downgraded Ocwen’s servicer quality rating last week following “backdating” allegations made by the New York Department of Financial Services.

October 27
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  • The storm, which made landfall near Cabo San Lucas in Mexico on Sept. 15, had threatened holders of $100 million of MultiCat Mexico Ltd. (Series 2012-1) Class C notes with a 50% loss of their principal.

    December 31
  • RMBS deals with high New York state concentrations, serviced by Ocwen face additional modification activity that could disrupt cash flow to the bonds, according to a Moody’s Investors Service report.

    December 30
  • A judge has named Deerwood Bank winner of the bankruptcy auction for American Bank of St. Paul, in the first test of involuntary bankruptcy as a means of resolving trust-preferred debt.

    December 30
  • Biz2Credit, an online lending marketplace geared toward small businesses, has received a $250 million investment capital agreement from Direct Lending Investments, a fund that purchases small business loans through online and peer-to-peer lending platforms.

    December 29
  • Dick Clark Productions priced $340 million of securities backed by the fees and revenues from the group’s most recognizable television broadcasts, which includes the group's New Year’s Rockin’ Eve with Ryan Seacrest.

    December 29
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  • Issuance of catastrophe bonds reached a new record in 2014 as rising demand for relatively high yields pushed insurers to do more and larger deals to offload an ever wider variety or risks from natural disasters.

    December 28