Arlington Hospitality Inc., Arlington Heights, Ill., has announced the retention of Chanin Capital LLC to serve as its exclusive financial adviser in connection with efforts to restructure its debt or equity.Chanin, an affiliate of Chanin Capital Partners, will assist Arlington's board of directors and management in analyzing the company and its business and financial prospects with an eye toward developing a plan for negotiating with the company's creditors and other stakeholders, Arlington said. Chanin has offices in London, Los Angeles, and New York. Arlington is a hotel development and management company that is the largest owner and franchisee of AmeriHost Inn hotels.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24