Mission Capital Advisors, a residential, commercial and consumer loan sale advisor, announced that Jim Barnard has joined the company as director, structuring loan sales transactions. Due to the current dislocation in the capital markets, there is an increase in loan sales, especially those facing near-term maturities or possibly other potential issues, Mission said, which is why the company said it has tapped Barnard. Prior to his new position, Barnard was an associate director in Bear Stearns' real estate capital markets unit, managing more than $50 billion of CMBS deals through the entire securitization process. Prior to Bear Stearns, Barnard was an associate with Deutsche Bank Securities commercial real estate group from 2000 to 2003.
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The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24 -
Bluegreen Vacation originated the loans and Fitch expressed confidence in its record of good performance as servicer.
April 23 -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
April 23 -
Lendbuzz sells the notes as it juggles mixed performance results from 2023. Originations and revenues saw huge jumps, but so did operating expenses.
April 23 -
Institutions and their investors are facing pressure from climate activists, cautiously awaiting interest rate cuts and adjusting to new Federal Reserve and FDIC policies.
April 23