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David Brickman will take the helm of the mortgage giant at a time of transformation in the mortgage market and housing finance policy.

Many of the credit characteristics of Verus 2019-INV1 are similar to those of the deal Invictus completed in December, but the loans are less geographically concentrated.

The $503.3 million Madison Park XXXIV has a 133-basis-point spread for its $294.5 million Class A-1 loan tranche.

In a unanimous ruling, the court placed new limits on the ability of consumers to sue law firms that handle foreclosures on behalf of mortgage servicers.

The boutique investment bank will retain a 45% minority stake in its former credit advisors unit, which was renamed and infused with additional capital by its new parent.

Unusually, all of the loans in the $374 million transaction were purchased from a single originator, Impac Mortgage.

There’s bipartisan consensus that the conservatorships of Fannie Mae and Freddie Mac are unsustainable, but that may not be enough for lawmakers to upend the current system.

The refinancing also extends the reinvestment period of the $410 million Garrison BSL CLO 2016-1 by two years; the deal is non-callable for two years as well.

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.

Gleysteen's return builds on a recent trend of old-school issuers revving up new CLO platforms