United States housing bubble

Enova Announces Pricing of $200 Million Securitization

Retrieved on: 
Thursday, October 10, 2019
Structured finance, Finance, Money, Financial law, United States housing bubble, Asset-backed security, Securitization, Economy

The Notes, which include $138.8 million of Class A notes, $44.5 million of Class B notes and $16.7 million of Class C notes, were priced with a weighted average fixed interest rate of 5.61% per annum.

Key Points: 
  • The Notes, which include $138.8 million of Class A notes, $44.5 million of Class B notes and $16.7 million of Class C notes, were priced with a weighted average fixed interest rate of 5.61% per annum.
  • Enova's second term asset-backed securitization will provide additional flexible funding to meet strong demand for NetCredit installment loans.
  • "As a result, we improved our advance rate, pricing and investor diversification while demonstrating our ability to develop a scalable, repeatable and efficient securitization platform at Enova."
  • Enova has provided more than 5 million customers around the globe with access to more than $20 billion in loans and financing.

Virtu Financial Completes Incremental Senior Secured First Lien Term Loan and Redemption of Senior Secured Notes

Retrieved on: 
Wednesday, October 9, 2019
Economy, Money, Finance, Loans, Interest rates, Banking, Libor, United States housing bubble, Swap, Interest rate swap, Term loan, Forward-looking statement

The Term Loan bears interest at the same rate as our existing term loan, currently LIBOR plus 350 basis points, and will mature on March 1, 2026, the same date as our existing term loan.

Key Points: 
  • The Term Loan bears interest at the same rate as our existing term loan, currently LIBOR plus 350 basis points, and will mature on March 1, 2026, the same date as our existing term loan.
  • The Company has also entered into a five-year $525 million floating to fixed interest rate swap agreement that effectively fixes our interest payment obligations on the Term Loan at 4.8% through September 2024.
  • These forward-looking statements are subject to numerous uncertainties and factors relating to the Companys operations and business environment.
  • Any forward-looking statements in this release are based upon information available to the Company on the date of this release.

KBRA Assigns Preliminary Ratings to NYCTL 2019-A Trust

Retrieved on: 
Wednesday, October 9, 2019
Banking, Professional services, Finance, Finance, Economy, Money, Property law, Business law, United States housing bubble, Kroll Bond Rating Agency, Liens, Securitization, Credit rating agency, Bond, Tax lien

Kroll Bond Rating Agency (KBRA) announces the preliminary ratings on the bonds of NYCTL 2019-A Trust, a property tax lien ABS transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) announces the preliminary ratings on the bonds of NYCTL 2019-A Trust, a property tax lien ABS transaction.
  • This transaction represents the 25th sale and subsequent term securitization of tax liens by The City of New York (the City).
  • The preliminary ratings are based on information known to KBRA at the time of this publication.
  • Information received subsequent to this release could result in the assignment of final ratings that differ from the preliminary ratings.

2019 Growth Continues for Angel Oak Home Loans with Two New Branches

Retrieved on: 
Wednesday, October 9, 2019
Professional services, Residential Building & Real Estate, Construction & Property, Finance, Banking, Economy, Loans, Money, Finance, Mortgage industry of the United States, Mortgage loan, Mortgage, United States housing bubble, Personal finance, Super jumbo mortgage, Mortgage broker

Angel Oak Home Loans (Angel Oak), a leading full-service retail mortgage lender, continues to expand its footprint in the East Coast with the opening of two offices in Gulfport and Madison, Mississippi.

Key Points: 
  • Angel Oak Home Loans (Angel Oak), a leading full-service retail mortgage lender, continues to expand its footprint in the East Coast with the opening of two offices in Gulfport and Madison, Mississippi.
  • In addition to their traditional mortgage products, Angel Oak provides solutions for borrowers not able to meet todays conventional mortgage guidelines.
  • About Angel Oak Home Loans, LLC
    Angel Oak Home Loans is a full service mortgage lender.
  • In addition to offering traditional mortgage products, Angel Oak Home Loans and the Angel Oak family of companies specialize in innovative alternative lending options.

NewRez and Shelter Mortgage Announce Formation of New Joint Venture, Homeowners First Mortgage

Retrieved on: 
Wednesday, October 9, 2019
Banking, Professional services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Other Professional Services, Finance, Consulting, Mortgage, Loans, Mortgage loan, Economy, Money, Finance, United States housing bubble, Prospect Mortgage, Index of real estate articles, NewRez LLC, Shelter Mortgage Company, First Team Real Estate – Orange County

NewRez LLC (NewRez), a national mortgage lender, announced today the formation of a new joint venture mortgage company to be added to its network of partners.

Key Points: 
  • NewRez LLC (NewRez), a national mortgage lender, announced today the formation of a new joint venture mortgage company to be added to its network of partners.
  • NewRez and Shelter Mortgage Company, LLC (Shelter Mortgage), the NewRez business division focused on JV lending, have partnered in this venture with First Team Real Estate (First Team), the proven unit sales leader in Southern California, founded in 1976.
  • The name of the new joint venture is Homeowners First Mortgage (Homeowners First Mortgage), and will be led by James (Jaime) Barton, currently a Regional Sales Manager with NewRez.
  • Homeowners First Mortgage emerged from an ideal partnership opportunity between respective industry leaders First Team and Shelter Mortgage.

The StoneHill Group introduces New Technology Solutions

Retrieved on: 
Tuesday, October 8, 2019
Mortgage servicer, Mortgage loan, Economy, Money, Finance, Mortgage industry of the United States, Banking in the United States, Mortgage industry of the United Kingdom, United States housing bubble

Designed for Quality and Driven by Results, The StoneHill Group combines decades of industry experience with industry leading technology and innovation the mortgage industry demands.

Key Points: 
  • Designed for Quality and Driven by Results, The StoneHill Group combines decades of industry experience with industry leading technology and innovation the mortgage industry demands.
  • To showcase our capabilities, we're looking forward to sharing our new technology solutions at the upcoming MBA Annual Convention in Austin, TX.
  • The Stonehill Group serves a wide range of clientele including mortgage lenders, mortgage servicers, banks, credit unions and housing finance authorities.
  • For more information on the StoneHill Group, please visit www.stonehillgroup.com or call 877.399.1936

Saber Partners' CEO Joseph Fichera to Speak on Innovative Products at Hong Kong Securitization Conference

Retrieved on: 
Tuesday, October 8, 2019
Joseph Fichera, Finance, United States housing bubble, Fichera, Securitization, Economy, Bond, Climate bond, Money

NEW YORK, Oct. 8, 2019 /PRNewswire/ -- Joseph Fichera has been invited to speak with international experts to discuss "Innovative Products: The Global Green Bonds Market."

Key Points: 
  • NEW YORK, Oct. 8, 2019 /PRNewswire/ -- Joseph Fichera has been invited to speak with international experts to discuss "Innovative Products: The Global Green Bonds Market."
  • Mr. Fichera is an expert in domestic and international capital markets, earning awards for his innovations in corporate, municipal and structured products.
  • Since 2007, Mr. Fichera has been a leading innovator in " utility securitization" in the "green" segment of the corporate bond market.
  • In addition to Mr. Fichera, the Hong Kong panel includes these experts:

Freddie Mac Announces Single-Family Leadership Changes

Retrieved on: 
Tuesday, October 8, 2019
Mortgage industry of the United States, Affordable housing, Freddie Mac, Economy of the United States, Subprime mortgage crisis, United States housing bubble, Structured finance

I thank him for his service and congratulate him on a distinguished career, said David Brickman, chief executive officer of Freddie Mac.

Key Points: 
  • I thank him for his service and congratulate him on a distinguished career, said David Brickman, chief executive officer of Freddie Mac.
  • Brickman added, Donna Corleys record of accomplishment at Freddie Mac spans more than 24 years, with deep expertise in risk management, capital markets and pricing.
  • Freddie Mac will perform a thorough search for a highly-qualified permanent replacement to help usher in the next chapter at Freddie Mac.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

CoreLogic Reports U.S. Overall Delinquency Rate Lowest for a July in at Least 20 Years but Four States Post Annual Gains

Retrieved on: 
Tuesday, October 8, 2019
Data management, Technology, Residential Building & Real Estate, Software, Construction & Property, United States housing bubble, Economy, Foreclosure, Mortgage, Real property law, Urban decay, Money, Finance, Mortgage loan, Subprime mortgage crisis

The July 2019 foreclosure inventory rate tied the prior eight months as the lowest for any month since at least January 1999.

Key Points: 
  • The July 2019 foreclosure inventory rate tied the prior eight months as the lowest for any month since at least January 1999.
  • The rate for early-stage delinquencies defined as 30 to 59 days past due was 1.8% in July 2019, down from 1.9% in July 2018.
  • The share of mortgages 60 to 89 days past due in July 2019 was 0.6%, unchanged from July 2018.
  • The serious delinquency rate defined as 90 days or more past due, including loans in foreclosure was 1.3% in July 2019, down from 1.6% in July 2018.

United Kingdom Mortgage Holders Market Trends Report 2019 Featuring Barclays, HSBC, Lloyds, Nationwide, RBS, Santander - ResearchAndMarkets.com

Retrieved on: 
Monday, October 7, 2019
Finance, Professional services, Residential Building & Real Estate, Construction & Property, Mortgage, Economy, Money, Finance, Personal finance, United States housing bubble, Loans, Mortgage loan, Refinancing, Equity release, Super jumbo mortgage, United States housing market correction

The "UK Mortgage Holders Market Trends Report 2019" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "UK Mortgage Holders Market Trends Report 2019" report has been added to ResearchAndMarkets.com's offering.
  • The Mortgage Holders Market Trends Report 2019 outlines the broad mortgage trends and developments amongst homeowners who are looking to undertake one of the following: purchase a home; refinance an existing mortgage; raising other forms of finance based on the security of a home.
  • Existing homeowners borrowed over 180 billion in 2018 secured on their homes, representing almost 900,000 mortgages/loans.
  • The amount borrowed rose by 5.6% in 2018, mainly reflecting a sharp rise in remortgaging and lifetime mortgage activity, with the number of mortgage advances growing by 5.2%.