The new unit will be based in Charlotte, N.C., and led by Bo Weatherly; it will provide warehouse lines of credit to nonbank consumer and commercial lenders; it will also provide underwriting services.
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Not every tranche of notes originally issued by ALM XIX has been upsized by the same amount; in fact, some of the lower-rated tranches have been cut in size.
February 26 -
Demeter Power Group co-founder Michael Wallander has joined Petros as senior vice president of solar financing for Petros Energy Solutions, a newly formed affiliate.
February 26
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The foray into digital consumer lending follows a similar move by rival Citigroup.
February 26
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Without the ability to issue unsecured debt nearly as cheaply as U.S. Treasury bonds, Freddie Mac could not afford to repurchase defaulted loans from MBS, Freddie CEO Don Layton said.
February 26
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Market participants seem to view S&P's downgrade of TGI Friday's 2017 transaction this month as an outlier event in a sector that continues to gain in popularity with investors.
February 26
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Libor’s demise poses significant problems for outstanding floating-rate securities that are pegged to the benchmark; SFIG wants to make it easier to amend deals.
February 26
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The captive lender is already underwriting and managing leases for GM electric cars in China; it is also buying and managing fleets for GM’s Maven ride-sharing program launched in the U.S. in 2016.
February 25
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Ahead of testimony by the CEOs of the major bureaus, House Financial Services Committee leaders proposed sweeping changes for the credit reporting industry and credit-score protections for furloughed government workers.
February 25
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Expect even more actively managed CRE CLOs to be issued this year as investors get more comfortable with the idea of managers using proceeds from the repayment of collateral to acquire new bridge loan.
February 25
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CleanFund CEO Greg Saunders sees financing of multimillion-dollar Property Assessed Clean Energy projects coming at the expense of smaller projects of around $500,000.
February 25
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J.G. Wentworth first securitization of 2019 is backed by a similar mix of structured settlement and annuities receivables as its second deal of 2018, but the credit quality of the insurers making these payments is higher.
February 22
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The €400 million RRE 1 Loan Management DAC has a 4.5-year reinvestment period and two-year non-callable period, according to presale reports.
February 22
