DebtX, Boston, will sell more than $269 million in commercial real estate, commercial & industrial and consumer loans from two Federal Deposit Insurance Corp. receiverships on May 12. The first sale consists of $190 million in loans from the Bank of Clark County, Vancouver, Wash., and consists of performing and non-performing loans secured by office, industrial, retail, healthcare, autos, and business assets. The second sale is of $79 million in loans from FirstBank Financial Services, McDonough, Ga., including performing and non-performing loans secured by retail, office, industrial, auto/consumer, and business assets. Due diligence materials for both transactions are now available at http://www.debtx.com.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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