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About 9% of government-insured loans in forbearance have low equity, which could hamper post-forbearance servicing.
June 8 -
The captive-finance lender for General Motors is providing lower expectations for the vehicles' future residual values, compared to its prior lease ABS deals, in recognition of the likely severe recessionary impact of the coronavirus outbreak.
June 8 -
But there was an increase in private-label mortgages in forbearance.
June 5 -
The firm will offload parts of its business including its business development company, Garrison Capital Inc., and other credit vehicles.
June 5 -
The race to provide coronavirus relief for small businesses is opening new routes to fund payments, including underused credit lines.
June 5 -
“Since April, the decline in corporate credit has resulted in a significant number of downgrades among the assets underlying some CLOs,” a Moody’s press release stated on Wednesday.
June 3 -
Shut out from many coronavirus relief programs, private equity companies have found a back door at HHS, where they have borrowed at least $1.5 billion.
June 2 -
Global Lending Services, a subprime auto lender that has ramped down its expansion plans for 2020 amid the coronavirus outbreak, is proceeding with its second auto-loan securitization of the year.
June 2 -
The changes being sought would benefit both small businesses and banks, which would avoid the cost of servicing many low-yielding loans.
June 2 -
The fixed-rate loans from Earnest involve refinancings to advanced degree professionals who have greater financial means to make payments despite the economic disruption caused by the COVID-19 pandemic.
June 1