Arturo Cifuentes has joined fixed-income broker/dealer R.W. Pressprich & Co. as a managing director. Pressprich, a research-oriented marketing broker/dealer and NASD member, is located in New York. Cifuentes most recently worked at Wachovia Securities until May. Since leaving, Cifuentes has filed suit against Wachovia, alleging he was pressured to tailor research to bankers' liking. He has also worked at Moody's Investors Service and CDO issuer Triton Partners.
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The portfolio does not have any meaningful originations that have completed a full repayment cycle, making the company's performance data thin.
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Formerly of Wells Fargo, she will coordinate several key units to create a structure for a sustained capital markets program that capitalizes on recent innovation and growth in home equity finance.
April 17 -
The Structured Finance Association questions whether funding closed-end seconds is an appropriate role for the government-sponsored enterprise, while newer lenders welcome the liquidity support.
April 17 -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
April 17 -
The bank is a top auto lender, with a managed portfolio of $7.1 million through December 2023, and has a strong servicing track record.
April 17 -
The initial protection amount, Moody's says, is 12.5% of the total reference pool and equals the principal amount of the rated and unrated issued notes.
April 17