Paris-based independent cooperative finance firm Groupe GIAC arranged the €80 million cash transaction. GIAC provides long-term financing to French companies.
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However, the widespread damage from Hurricane Sandy might result in a modest and temporary rise in mortgage delinquencies, Fitch Ratings said in a report released last yesterday.
October 31 -
Ally Financial said Wednesday that it has repaid $2.9 billion of debt issued under the Federal Deposit Insurance Corp.’s Temporary Liquidity Guarantee Program.
October 31 -
Opteum Mortgage Insurance Corp. filed an S-3 with the Securities and Exchange Commission to issue RMBS.
October 31 -
Starting Thursday, residential servicers approved by Fannie Mae and Freddie Mac can say yes to short sales without the consent of the mortgage insurer on the loan.
October 31 -
Nationwide Property and Appraisal this week urged lenders to place orders online for natural disaster re-inspections in the wake of Hurricane Sandy.
October 31
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Prices for nonperforming and impaired performing loans rose last month, DebtX reported. It added that the estimated price of whole loans backing the U.S. CMBS universe stayed at 88.7% in September from August.
October 31 -
Mortgage application activity was mixed in the week ending Oct. 26 with refinancings lower and purchases higher.
October 31 -
Iconix Brand Group plans to launch a new $1.1 billion securitized financing program, the company said today.
October 31 -
FHA lenders stuck to their bread and butter product, originating $124.5 billion of purchase money loans in fiscal year 2012 with nearly 78% going to first-time homebuyers.
October 30 -
The Securities Industry and Financial Markets Association (SIFMA) recommended that fixed-income markets be open tomorrow, Wednesday, Oct. 31, for the trading of U.S. dollar-denominated fixed-income securities in the U.S., according to a statement published on the association’s Web site.
October 30 -
Downgraded European sovereigns saw ratings on their covered bonds lowered at levels ten times higher than those from more stable European sovereigns, according to a Moody's Investors Service special comment published today.
October 30 -
Travelers Capital Corporation has arranged long term non-recourse financing for the acquisition of the Raging River hydroelectric power facility on North Vancouver Island, for Aquila Infrastructure Management.
October 30