Finance

The move away from the scandal-plagued London interbank offered rate is going smoothly, according to a new survey of lenders and corporate borrowers. But many customers still face operational challenges ahead of a mid-2023 deadline for switching older loans.

The company claims its digital registry system is a faster, safer alternative to MERS databases

As the rising rates shrink the number of potential customers, mortgage brokers are seeking these products in order to keep business up.

Company management believes it can still be successful in the securitization market despite widening spreads.

A majority of the loans, 63.5%, were designated as non-QM loans, and about 36.5% of the loans in the pool are made to investors for business purposes.

About 30% of U.S. office buildings are at high risk of becoming obsolete as tenants’ tastes change in the hybrid-work era.

Executives speak on the uncertainty created by the Russia-Ukraine war and Federal Reserve announcements.

The current offering of nonperforming loans comes after a similar portfolio sale last month.

Self-employed borrowers accounted for 29.8% of the pool, while loans with co-borrowers and multiple borrowers accounted for 39.9% and 9.8%, respectively.

A vocal section of the market prefers the Fed chair to focus more on reducing bond holdings than quantitative tightening, allowing policy makers to hike interest rates less aggressively as it battles to bring down 40-year high inflation.