A whisper last week wrongly named Deutsche Banc as the underwriter in a securitization for MFN Financial. Greenwich Capital Markets was underwriter for MFN's $100 million deal, as well as Consumer Portfolio Services' $46 million securitization, which was wrapped by Financial Security Assurance. XLCA wrapped MFN's term deal and Consumer Portfolio Service's $100 million securitization facility with West LB, which was placed into Paradigm Funding.
-
The capital structure features initial exchangeable notes among the class A, mezzanine and B1 notes. The super senior and senior support tranches will repay noteholders on a pro-rata basis.
9h ago -
The company's branches and loan officers will transition to ML Mortgage but operations staff are not part of the deal.
9h ago -
Note payments are linked to two tranched credit default swap (CDS) transactions, one related to the reference obligation between the issuer and SoFi Bank and SoFi Lending and the Issuer.
May 1 -
The Federal Open Market Committee held the federal funds rate at current levels, citing "lack of further progress" toward meeting inflation goals.
May 1 -
During this week's Federal Open Market Committee meeting, officials voted to lower the cap on the amount of Treasury securities that can roll off the central bank's books each month from $60 billion to $25 billion.
May 1 -
House Republicans held a subcommittee hearing on reforming bank merger M&A, laying the groundwork to counter Biden administration efforts to make it more difficult for mergers to be approved.
May 1