The Dan Gilbert-controlled skyscraper has apportioned $70M of a $102M whole-loan refinancing to the Wells conduit.
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It’s the second such transaction; in 2016; New Residential completed a $126 million transaction that included some of the same collateral that it acquired from Ocwen. The original deal has since been repaid
January 9 -
Marketplace lenders bringing securitization in-house seized the top spot in 2017; readers also focused on Blackstone's big entry into an esoteric corner of the CRE market and the PACE industry's embrace of consumer protections.
January 9 -
The Dallas consumer lender plans to boost originations again after retooling and taking stock, even as other lenders scale back in the face of rising defaults and delinquencies.
January 8 -
The milestone marks the end of a seven-year-long recovery in the credit card market that followed the Great Recession.
January 8 -
Keith Noreika, who made waves during his brief stint as acting Comptroller of the Currency, has rejoined Simpson Thacher Bartlett as a partner.
January 8
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Corporate borrowers have started to ask lenders for leeway to be acquired by another company, under certain circumstances, without having to refinance their debt, according to Covenant Review.
January 8 -
The first issuance on its Finsbury Square platform marks the specialty mortgage originator's seventh securitization since 2010.
January 8 -
Rather than jump right away into lending to car buyers, Access National will start by offering CRE and M&A financing to dealerships.
January 5 -
The first subprime auto ABS deal for 2018 is the 30th overall for Consumer Portfolio Services, with caters to deep subprime borrower pools.
January 5 -
In a rare example of a rating agency calling out a competitor, Fitch Ratings published an unsolicited report on the deal, which was rated by Kroll Bond Rating Agency; this caused some investors to take a closer look.
January 5 -
MountainView is brokering a nonrecourse $3.5 billion package of Fannie Mae and Freddie Mac mortgage servicing rights on behalf of an unnamed seller.
January 5 -
Limiting the deductibility of interest to a percentage of a taxpayer's income will make securitization uneconomical for auto and equipment rental companies, the Structured Finance Industry Group says.
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