Mortgage

AAG Debuts "American Dream" TV Spot

Monday, October 19, 2020 - 7:00pm

1 reverse mortgage lender in the nation, released its new television spot, titled " American Dream ," starring company spokesperson Tom Selleck.

Key Points: 
  • 1 reverse mortgage lender in the nation, released its new television spot, titled " American Dream ," starring company spokesperson Tom Selleck.
  • "For many seniors, that home is now a lifeline, and AAG can help them make it comfortable."
  • "This year has changed many aspects of our lives, including the way that we view retirement," said AAG Chief Marketing Officer Martin Lenoir.
  • AAG is dedicated to helping older Americans find new ways to fund a better retirement through the responsible use of home equity.

Blue Jay Home Buyers in Hartford Making the Home Selling Process Stress-Free for Homeowners

Saturday, October 17, 2020 - 1:00pm

No matter the problem a homeowner has faced, Blue Jay Home Buyers have been able to help.

Key Points: 
  • No matter the problem a homeowner has faced, Blue Jay Home Buyers have been able to help.
  • Whether it be foreclosure, bad tenants, inherited property problems, or simply wanting to downsize without any hassle, Blue Jay Home Buyers wants to help homeowners sell a house fast .
  • Blue Jay Home Buyers has an easy, three-step process that makes the home selling simple.
  • Blue Jay Home Buyers is a reliable home buying company in Hartford that can help homeowners sell their house fast.

Fast House Buyers Offers the Easiest Home Selling Process in San Antonio

Saturday, October 17, 2020 - 1:00pm

Fast House Buyers offer solutions and help homeowners sell their house for cash in less than a week's time.

Key Points: 
  • Fast House Buyers offer solutions and help homeowners sell their house for cash in less than a week's time.
  • Whether it be foreclosure, burdensome inheritance, divorce settlements, or tax issues, Fast House Buyers in San Antonio, TX, offers a simple solution for any issues homeowners are facing.
  • Instead of listing the house on MLS as a real estate agent would do, Fast House Buyers are signing a contract with the homeownerto buy their San Antonio house.
  • The best way to avoid foreclosure in San Antonio is with the help of Fast House Buyers.

Fannie Mae Prices $536 Million Green Multifamily DUS REMIC (FNA 2020-M46) Under Its GeMS Program

Friday, October 16, 2020 - 5:45pm

WASHINGTON, Oct. 16, 2020 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced a $536 million Green Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on October 15, 2020.

Key Points: 
  • WASHINGTON, Oct. 16, 2020 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) priced a $536 million Green Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on October 15, 2020.
  • "The M46 was the third GeMS deal of 2020 backed entirely by our Green MBS collateral," said Dan Dresser, Senior Vice President, Multifamily Capital Markets & Pricing.
  • In addition, the Fannie Mae Green Financing Business provides financing to properties holding a third-party, Fannie Mae-approved, Green Building Certification.
  • Fannie Mae introduced the Green MBS product to the market in 2012 and has issued $78.5 billion in Green MBS and $11 billion in Green GeMS since the program's inception.

Senior Housing Wealth Reaches Record $7.70 Trillion

Friday, October 16, 2020 - 4:00pm

WASHINGTON, Oct. 16, 2020 /PRNewswire/ --Homeowners 62 and older saw their housing wealth grow by 1.8 percent or $134 billion in the second quarter to a record $7.70 trillion from Q1 2020, the National Reverse Mortgage Lenders Association reported today in its quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index.

Key Points: 
  • WASHINGTON, Oct. 16, 2020 /PRNewswire/ --Homeowners 62 and older saw their housing wealth grow by 1.8 percent or $134 billion in the second quarter to a record $7.70 trillion from Q1 2020, the National Reverse Mortgage Lenders Association reported today in its quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index.
  • The RMMI rose in Q2 2020 to 276.64, another all-time high since the index was first published in 2000.
  • The increase in senior homeowner's wealth was mainly driven by an estimated 1.6 percent or $150 billion increase in senior home values, offset by a 0.9 percent or $15.5 billion increase in senior-held mortgage debt.
  • "The responsible use of home equity may be an option to help mitigate these potential risks and help seniors stay financially secure."

LRES Promotes Cassandra Vega to Senior Director of Client Experience

Friday, October 16, 2020 - 3:46pm

ORANGE, Calif., Oct. 16, 2020 /PRNewswire/ -- LRES Corporation, a real estate appraisal, valuations, HOA, commercial trustee services and REO asset management company, has promoted Cassie Vega to the role of Senior Director of Client Experience.

Key Points: 
  • ORANGE, Calif., Oct. 16, 2020 /PRNewswire/ -- LRES Corporation, a real estate appraisal, valuations, HOA, commercial trustee services and REO asset management company, has promoted Cassie Vega to the role of Senior Director of Client Experience.
  • Ms. Vega is responsible for building and maintaining successful client relationships from inception through ongoing account servicing and ensuring that each client's interaction with LRES meets their expectations of a premier service vendor.
  • "I am beyond enthusiastic about this expanded role and the opportunity to further develop our holistic approach to client satisfaction.
  • For the latest LRES information, visit the LRES Newsroom at www.lres.com/category/articles/ and register for email updates .

First Eagle Alternative Credit Completes Third Middle Market CLO

Friday, October 16, 2020 - 2:00pm

BOSTON, Oct. 16, 2020 (GLOBE NEWSWIRE) -- First Eagle Alternative Credit , LLC ("First Eagle"), a leading alternative credit manager with $21 billion of AUM, today closed Lake Shore MM CLO III (Lake Shore III) at $318 million.

Key Points: 
  • BOSTON, Oct. 16, 2020 (GLOBE NEWSWIRE) -- First Eagle Alternative Credit , LLC ("First Eagle"), a leading alternative credit manager with $21 billion of AUM, today closed Lake Shore MM CLO III (Lake Shore III) at $318 million.
  • The previous middle market CLO offerings, THL Credit Lake Shore CLO II and THL Credit Lake Shore I, closed in September 2019 at $306 million and in April 2019 at $411 million, respectively.
  • This is the first CLO that we have closed since becoming part of First Eagle, and our scaled platform has been and continues to be well positioned to manage through the market volatility and capitalize on current market opportunities, said Chris Flynn, President of First Eagle Alternative Credit.
  • About First Eagle Alternative Credit, LLC
    First Eagle Alternative Credit, LLC (https://www.feac.com) is an alternative credit investment manager for both direct lending and broadly syndicated investments through public and private vehicles, collateralized loan obligations, separately managed accounts and co-mingled funds.

NMI Holdings, Inc. to Host Virtual Investor Day on November 19, 2020

Friday, October 16, 2020 - 1:00pm

EMERYVILLE, Calif., Oct. 16, 2020 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. , (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will host its annual Investor Day in virtual format on Thursday, November 19, 2020, from 11:00 am to 1:00 pm Eastern Time.

Key Points: 
  • EMERYVILLE, Calif., Oct. 16, 2020 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. , (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will host its annual Investor Day in virtual format on Thursday, November 19, 2020, from 11:00 am to 1:00 pm Eastern Time.
  • The virtual event will be live streamed and archived, both accessible on NMIs website at https://ir.nationalmi.com/events-and-presentations .
  • To register for the virtual event, please follow the link below:
    To reply via email, please send your response to: investor.relations@nationalmi.com.
  • NMI Holdings, Inc. (NASDAQ: NMIH) is the parent company of National Mortgage Insurance Corporation (National MI), a U.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower's default.

Share of Total Loan Portfolio under COVID-19 Loan Forbearance falls to 2.2%

Thursday, October 15, 2020 - 10:30pm

Fidelity Bank granted initial forbearance to 1,429 borrowers, all located within the communities the bank serves, totaling $201.8 million in principal balances, and representing 17.9% of the total loan and lease portfolio as of June 30, 2020.

Key Points: 
  • Fidelity Bank granted initial forbearance to 1,429 borrowers, all located within the communities the bank serves, totaling $201.8 million in principal balances, and representing 17.9% of the total loan and lease portfolio as of June 30, 2020.
  • Fidelity Bank has received second forbearance requests from just 95 of those borrowers, totaling $11.8 million in principal balances and representing 1.0% of the September 30, 2020 total loan and lease portfolio.
  • Fidelity Bank had a grand total of 212 borrowers in forbearance totaling $25.1 million, or 2.2% of the total loan and lease portfolio as of September 30, 2020.
  • Grand total forbearance includes borrowers still under initial forbearance terms, borrowers whose initial terms expired and received a second forbearance, and borrowers who received first-time forbearance during the third quarter of 2020.

OFS Credit Company Provides September 2020 Net Asset Value Update

Thursday, October 15, 2020 - 10:00pm

OFS Credit Company, Inc. (NASDAQ: OCCI) (OFS Credit, the Company, we, us or our), an investment company that primarily invests in collateralized loan obligation (CLO) equity and debt securities, today announced the following net asset value (NAV) estimate as of September 30, 2020.

Key Points: 
  • OFS Credit Company, Inc. (NASDAQ: OCCI) (OFS Credit, the Company, we, us or our), an investment company that primarily invests in collateralized loan obligation (CLO) equity and debt securities, today announced the following net asset value (NAV) estimate as of September 30, 2020.
  • Managements unaudited estimate of the range of our NAV per share of our common stock as of September 30, 2020 is between $11.09 and $11.19.
  • This estimate is not a comprehensive statement of our financial condition or results for the month ended September 30, 2020.
  • OFS Credit is a non-diversified, externally managed closed-end management investment company.