Total global funding raised by public companies for solar-sector energy projects fell to $9.1 billion in 2016, a 64% decline from 2015 investment levels, according to a report issued by a key industry consultancy.
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Ocwen has stepped away from the business of acquiring mortgage service portfolios - for now - so the special servicer is exploring new business lines as varied as mortgage originations to alternative lending under the direction of new non-executive chair Phyllis Caldwell. a former U.S. Treasury executive.
February 14
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The San Francisco company reported a $32 million loss during the fourth quarter, bringing its losses for the full year to $146 million. For the sake of comparison, Lending Club reported profits of $4.6 million in the fourth quarter of 2015.
February 14 -
Trading volume of $56.6 billion in the fourth quarter was the second-highest level for the market since the first quarter of 2014. Loan prices selling near or above par also rose last fall.
February 14 -
Fannie Mae plans to sell nonperforming loans with $1.7 billion in unpaid principal balance.
February 14
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The risk of disruption during a potential servicing transfer is worse for bonds backed by private student loans than for bonds backed by federally guaranteed student loans.
February 14 -
Royal Bank of Canada is securitizing its first U.S. dollar-denominated credit-card receivables portfolio of the year in an asset-backed transaction through the Golden Credit Card Trust.
February 13 -
J.P. Morgan is testing the market with another large offering of mortgage bonds backed by an unusual mix of collateral.
February 13 -
A new single-asset, single-borrower commercial mortgage securitization features one of the premier office complexes in San Franciscos South Financial district.
February 13
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Consumer Financial Protection Bureau Director Richard Cordray has managed to keep his job for more than two weeks into a Trump administration, despite repeated calls by House Republicans for him to be fired.
February 12
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Ally Financial is marketing $664.45 million in notes secured by the receivables on inventory credit lines it underwrites for dealers primarily franchised with General Motors and Chrysler USA.
February 12
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New collateralized loan obligation volume through Feb. 10 has already topped $3.2 billion with at least nine new deals in the pipeline, the LSTA reported. That adds to $4.8 billion in refinancing activity for the month, after two more refis were priced on Thursday.
February 12
