Deere & Co.'s financial services division reported net income of $74.5 million for 1Q05, versus $62.5 million over the same period last year and $162.5 million for six month period ending April 30, 2005, The increases were primarily due to growth in the credit portfolio, reflecting strong demand for John Deere products, as well as a lower provision for credit losses, partially offset by lower financing spreads, the company said. Net receivables and leases financed by JDCC were $15.2 billion at April 30, 2005, compared with $12.3 billion one year ago. Net receivables and leases administered, which include receivables previously sold, totaled $17.4 billion, compared with $15.4 billion one year ago.
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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