Cannabis, though still illegal at the federal level, continues to inch into the financial mainstream. Small credit unions and lenders as large as Valley National and East West have moved beyond just taking deposits from marijuana companies.
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Growing CRE mortgage volumes raised the bar for the coming year despite lingering concerns, according to the CRE Finance Council.
June 23
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President Biden removed Mark Calabria as Federal Housing Finance Agency director hours after a Supreme Court ruling made the move possible. The administration is expected to offer up a nominee who will prioritize affordable housing and racial equity in housing instead of reforming Fannie Mae and Freddie Mac.
June 23
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Existing and future domestic franchise agreements, plus royalties on company-operated restaurants are some company lines of revenue pledged to the 2021-1 trust.
June 23
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Increases in refinances, both in applications and average size, help lead overall numbers higher
June 23
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Extended Stay America is considered a pandemic success story, because its affordable monthly rates and configuration appealed highly to pandemic personnel.
June 23
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The fintech specializes in lending to dentists, veterinarians and other solo providers looking to grow or establish their own practice.
June 22
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The deal will test the resilience of structure’s credit mitigation measures, considering Hertz's dependence on air travel and pending emergence from Chapter 11.
June 22
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Cannabis, though still illegal at the federal level, continues to inch into the financial mainstream. Small credit unions and lenders as large as Valley National and East West have moved beyond just taking deposits from marijuana companies.
June 21
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Trinity Industries Leasing Co., the servicer, can make railcar dispositions during the life of the 2021-1 securitization, but the risk is offset by experience.
June 21
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So far companies plan on using roughly the same number of employees as they shift from handling payment suspensions to assessing borrowers who have seen long-term declines in their incomes.
June 21
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Experts expect only a small uptick in distressed mortgages, either through default or inability to refinance, which will create some opportunity for debt buyers
June 21
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Auto and credit card securitizations benefited from more rational consumer behavior, whole CLO issuance remained strong for both new issuance and refinancing deals.
June 18
