By Shankar Ramakrishnan (Reuters) – Earlier this year a hedge fund structured two trades worth $642 million, the kinds of which have not been seen since the 2008 crisis. It sold insurance to two U.S. lenders against losses on a loan portfolio, and then sold much of that risk to investors. The trades, a form […]
One of the biggest U.S. mortgage lenders, United Wholesale Mortgage, says it will give eligible buyers a second-lien loan to help with down payments. – Getty Images Home buyers will be able to buy a home without putting any money down under a new program launched by United Wholesale Mortgage, one of the largest U.S. […]
(Reuters) – New York Community Bancorp was the cheapest U.S. bank stock among lenders with more than $3 billion in assets for the second straight month, an analysis by S&P Global Market Intelligence showed on Wednesday. The evaluation based on adjusted tangible book value (TBV) showed that as of April 30, the troubled lender was […]
(Bloomberg) — A lender group to AMC Entertainment Holdings Inc. advised by Gibson Dunn & Crutcher made a proposal to the movie theater company that would push back its near-term debt maturities, according to people familiar with the matter. Most Read from Bloomberg The proposal comes as AMC, the world’s largest cinema chain, owes about […]
Less than a day before Donald Trump’s deadline to post a $464 million bond or risk his assets getting seized by the New York State Attorney General’s Office, his children are going to the media to complain about the cash squeeze. Trump’s younger son Eric Trump opined about the ordeal during an appearance on Sunday […]
(Bloomberg) — Treasury Secretary Janet Yellen said US regulators are monitoring risks stemming from nonbank mortgage lenders, and cautioned that a failure of one of them is possible in the case of market strains. Most Read from Bloomberg “FSOC is very focused on that because nonbank mortgage companies lack access to deposits, which banks have,” […]
(Reuters) -Lumen Technologies said on Thursday it has signed a deal with a group of lenders that will push out its debt maturities to at least 2029 and provide it with access to more than $2 billion of fresh capital. The agreement is with creditors that represent more than $12.5 billion of debt of Lumen […]