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New York-based Briarcliffe will provide fundraising services to existing asset managers looking to raise as much as $1.5 billion
February 24 -
Servicers could be dealing with approximately 1.8 million distressed properties when the latest forbearance extension ends in June, Black Knight said.
February 24 -
The extension rates were the highest since the peak of lender deferrals granted in the wake of the COVID-19 outbreak.
February 24 -
Hildene Capital, which is pressuring CIB Marine to issue subordinated debt to redeem preferred stock, has nominated two individuals to stand for election to the company's board.
February 24 -
Last month, prominent investor Steve Eisman pegged Credit Acceptance Corp. as his new big short, based on a belief the subprime auto lender and its industry may come under closer CFPB scrutiny under the new administration. Analysts are taking note, as well.
February 24 -
Acting Director Dave Uejio said Tuesday that the Consumer Financial Protection Bureau will push back implementation of the qualified mortgage rule and may amend or revoke other Trump-era rules that have yet to take effect.
February 23 -
Firms are moving money into loans and notes that offer floating interest rates. Unlike the fixed payments on most conventional bonds, those on floating-rate debt go up as benchmark rates do, helping preserve their value.
February 22 -
Early-stage delinquencies were up slightly in both prime and subprime auto ABS pools, according to the agency's report for January.
February 18 -
A back-office blunder is leaving the financial behemoth faced with the prospect of becoming one of the biggest creditors to the troubled cosmetics empire.
February 17 -
While the Mortgage Bankers Association hailed the move, some experts say it could negatively impact housing inventory.
February 16