One class of notes issued by Bingham CDO L.P. were downgraded by Moody's Investors Service today. The $28 million class B senior subordinated secured notes, due 2012, were downgraded to 'Ca' from 'B3'. According to the rating agency, the action is due to continued deterioration in the par amount of the underlying collateral and the violation of the Weighted Average Rating Test and the Weighted Average Coupon Test, among other items.
-
Bluegreen Vacation originated the loans and Fitch expressed confidence in its record of good performance as servicer.
11h ago -
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 -
After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
April 22 -
Price guidance was not available on the series 2024-1, the database notes that the series 2024-2 class A notes are expected to price between 63 and 65 basis points over the three-month interpolated yield curve.
April 22 -
But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.
April 22