Monday's bankruptcy filing by commercial mortgage banking giant Capmark Financial lists dozens of individual shareholders who hold common equity in the company. Those shares, arguably, are now worthless. The largest individual shareholder appears to be Dennis Dammerman, chairman, of the Municipal and Infrastructure Assurance Corp., a financial guaranty insurance company that was formed earlier this year. Mr. Dammerman is best known for his management career at General Electric where he served as chairman and CEO of GE Capital Services. Another common shareholder is Scott Shay (92,764 units) who has been associated with Signature Bank of New York...
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The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.
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The lender posted another deep eight-figure loss in the second quarter, and will miss a breakeven goal later this year, interim CEO Daniel Lewis said.
August 6 -
Its success in a tough quarter was not just financial as it gained market share in both purchase and refinance volume to regain the No. 1 originator slot.
August 6 -
After shedding nearly 30% of its workforce in 2022, Envoy has leaned into a referral- and affiliate-based business model through strategic investments.
August 6 -
Rate movements changed market dynamics from early-year forecasts, contributing to risk signals in one out of every 119 applications, according to Cotality.
August 6 -
The company's affiliate has been issuing non QM deals that include a small percentage of second liens, some of which also involve alternative documentation.
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