In the edition dated 11/20/00, we carried the story "Hitachi Shinpan Brings Auto Deal to Market," a deal lead managed by ING Barings. In fact the deal was backed by consumer loans. Additionally, the value of the pool is 14.85 billion, not 140 billion, and most of the loans were originated to third party consumers, not company employees.
The A-1-V notes are not expected to be drawn at close and will have to observe certain leverage and debt service coverage ratio (DSCR) conditions.
The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
The Federal Reserve's new chair wants to change the way the central bank communicates with markets and the public. What those changes ultimately amount to could represent a major shift in an agency that has made transparency a guiding light for decades.
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
A cash trap account captures excess available funds if the senior debt service coverage ratio (DSCR) is less than or equal to 1.35x.
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
