Pine Brook, a private equity firm that specializes in financial services and energy sectors, has agreed to acquire Triumph Capital from Dallas-based Triumph Bancorp.
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CIBC is planning to issue additional notes backed by credit-card receivables from its CARDS II Trust, according to presale reports from Fitch Ratings, DBRS and Moodys Investors Service.
May 3 -
Late payments on securitized commercial mortgages rose again in April as a large amount of loans matured and borrowers were unable to make a final, balloon payment.
May 3 -
Navient and Nelnet, the two largest student loan servicers, avoided downgrades on some $18 billion of bonds by extending their maturities. Getting the required consents from investors would normally take ages, but recent innovations speeded the process.
May 3
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The unexpectedly strong pace of collateralized loan obligation issuance in April has prompted S&P Global Ratings to increase its forecast for the year as a whole.
May 2 -
Fannie Mae and Freddie Mac will continue to pursue opportunities for the government-sponsored enterprises to provide liquidity to the single-family rental market, despite opposition from mortgage and real estate industry group
May 2
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Velocity Commercial Capital is launching a small-balance commercial mortgage securitization, according to Kroll Bond Rating Agency.
May 2 -
Ocwen Financial Corp. is in talks to sell a nearly 5% stake to its biggest client, New Residential Investment Corp., as part of a deal that would finalize a long-expected sale of mortgage servicing rights.
May 1
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Treasury Secretary Steven Mnuchin on Monday reiterated his goal of tackling housing finance reform within the next year, an aggressive plan for resolving a matter that has long flummoxed Congress.
May 1
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First Key preps its second reperforming RMBS of the year; April CLO count reaches $29.8 billion; Toyota, Nissan file plans for notes backed by auto loans and dealer inventory financing.
May 1 -
Hunton & Williams continues its national expansion with the arrival of corporate partner John J. Dedyo in the firms New York office.
May 1 -
Ocwen Financial's recent regulatory troubles may open the door for New Residential Investment Corp. to transfer its massive subservicing portfolio to an affiliate, Nationstar Mortgage Holdings; that could either slow or speed up repayment of bonds backed by its advance receivables.
April 30
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Issuance volume of asset-backed securities for the year through April 28, 2017.
April 28
