Adam Blakemore will join Cadwalader, Wickersham & Taft as a partner while David Burke was appointed special counsel. Both will work from the firm's London office. Blakemore was formerly a lawyer with Allen & Overy. In his new role, Blakemore will advise financial institutions and corporations on tax issues in structuring complex domestic and cross-border transactions, particularly in securitization and innovative structured finance; joint ventures, acquisitions, and disposals; reorganisations in solvent and distressed debt situations; and real estate and private equity financings. He will also provide counsel on domestic tax litigation and disputes. Meanwhile, Burke's focus is on U.K. and international corporate tax, specifically the tax aspects of structured finance and restructuring transactions. He handles tax issues arising from the origination and securitization of loan and property portfolios and advises issuers, arrangers and managers on CDO/CLO and cat bond transactions. He has also worked on several major restructurings and advised U.S. and other investors on their U.K. operations and investments.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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There are two series, 2024-1 and 2024-2, that have revolving periods—three for the 2024-1 and five for the 2024-2—during which noteholders will not receive any principal.
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The trust employs a 24-month revolving period. There is an increased risk that collateral quality could deteriorate as the transaction evolves with new collateral.
March 27 -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27