Allowing borrowers to defer payments can be an effective way to mitigate losses, but only when used judiciously, according to S&P.
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The state's financial regulator says Fast Money Loan charged consumers interest rates and fees above the state's usury cap, and operated unlicensed storefronts.
March 19 -
Gleysteen's return builds on a recent trend of old-school issuers revving up new CLO platforms
March 19 -
Two Harbors Investment Corp., which grew its servicing portfolio by 22% in the fourth quarter, priced a common stock offering to raise funds to buy more rights as well as mortgage-backed securities.
March 19 -
The JFSA published a final rule outlining the hoops U.S. CLO managers will have to jump through if Japanese banks are to avoid a higher risk weighting on their holdings; it remains to be seen how much of a burden this will be.
March 19 -
The loans in CIM Trust 2019-INV1 are conventional mortgages made to investors either for business purposes (85.6%) or cash-out refinancing for personal use (14.4%), according to DBRS.
March 19
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Retail Value Inc, which was spun off from SITE Centers last year obtained a $900 million mortgage from three banks on the 25 assets in 14 states and Puerto Rico
March 18 -
First-term Rep. Rashida Tlaib, D-Mich., has sponsored the Prevent Discrimination in Auto Insurance Act in order to prevent “undue burden” on low-income individuals seeking auto insurance.
March 18 -
The deal gives ELAD, part of Israel's Tshuva Group of companies, its first industrial assets in U.S.; the 48 properties are located across eight states and 10 different markets.
March 18 -
If the United Kingdom leaves the EU without a deal, certain contracts held by U.S. entities and relocated outside the U.K. will not face new margin requirements.
March 15 -
The company spun out of DriveTime is paying for the privilege, however; it's offering 50.3% credit enhancement on the senior notes of the $338 million deal rated by Kroll.
March 15 -
The Senate Banking Committee will hold two hearings at the end of March on Chairman Mike Crapo’s most recent framework for housing finance reform.
March 15 -
The company controlled by Emerald Development Managers has already ceased originating; S&P has notes from a 2016 securitization on watch and Kroll is monitoring the situation.
March 14

















