Welspun Energy , India's biggest solar photovoltaic developer, which is backed by Apollo Global Management, is looking to securitize revenue from its 15-megawatt unit in Gujurat after three months of operation.
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Depending on who you talked to, the massive mortgage servicer settlement announced Thursday was either a "criminal sell out" or a much-needed shot in the arm for the housing market.
February 10 -
Coming off a strong January for new deals, and encouraged by improved economic news, sentiment in the U.S. CLO market has taken a giddy skip from guarded optimism to bullishness — a little too bullish, according to some market participants.
February 10 -
We've only just begun.That was clear message delivered Thursday by state and federal officials announcing a $25 billion mortgage servicing settlement.
February 10 -
Barclays Capital analysts said in a report released yesterday that large region-specific note and REO auctions have become a regular feature in the past year.
February 10 -
In addition to national mortgage servicing settlement, Nevada has reached a side deal with Bank of America, state Attorney General Catherine Masto announced late Thursday.
February 10
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The $26 billion 'robo-signing' settlement with five major servicing banks announced Thursday morning could yield nearly $35 billion in principal reductions, according to Housing and Urban Development secretary Shaun Donovan.With less than $20 billion of the settlement designated to principal reduction and refinancing underwater borrowers, secretary Donovan told reporters that the banks will not receive a dollar-for-dollar credit for reducing the principal amount of each loan.
February 9 -
A federal judicial panel denied a motion to include the Dallas County district attorney’s lawsuit against Merscorp in the ongoing multidistrict litigation (MDL) against the private loan registry in Phoenix.
February 9 -
The five largest bank servicers — Bank of America, Wells Fargo, JPMorgan, Citigroup, and Ally Financial /GMAC — today announced a $25 billion settlement with 49 state attorneys general (except Oklahoma), the U.S. Department of Justice, and the Department of Housing and Urban Development (HUD).
February 9 -
Many financial analysts believe that the recent Federal Reserve data highlights the return of U.S. consumer borrowing.
February 9 -
The government-owned Ally Financial has issued an offering book on Residential Capital Corp. in the hope that it can finally unload its money-losing mortgage division and take the rest of the company public, according to investment bankers familiar with the matter.
February 9 -
Sales of commercial real estate loans that are in receivership have surged in the aftermath of CMBS defaults.
February 9 -
Mortgage lenders issued $30 billion of Ginnie Mae MBS in January, up 9% from the previous month, according to new figures released Thursday morning.
February 9