Forbearance | Jotup

Seadrill New Finance Limited Announces Extension of Forbearance Agreement

Retrieved on:

Tuesday, March 9, 2021

Finance, Seadrill, Forbearance, Financial markets, OTC Markets Group, Security, Issuer, Money

HAMILTON, Bermuda, March 9, 2021 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (OSE:SDRL, OTCQX:SDRLF) announces that Seadrill New Finance Limited (the "Issuer"), a subsidiary of the Company, has agreed to extend the existing forbearance agreement announced on 11 February 2021, and extended on 23 February 2021, with respect to the 12.0% senior secured notes due 2025 (the "Notes") with certain holders of the Notes (the "Note Holders").

Key Points:

HAMILTON, Bermuda, March 9, 2021 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (OSE:SDRL, OTCQX:SDRLF) announces that Seadrill New Finance Limited (the "Issuer"), a subsidiary of the Company, has agreed to extend the existing forbearance agreement announced on 11 February 2021, and extended on 23 February 2021, with respect to the 12.0% senior secured notes due 2025 (the "Notes") with certain holders of the Notes (the "Note Holders").
The purpose of the forbearance agreement is to allow the Issuer and its stakeholders more time to negotiate on the heads of terms of a comprehensive restructuring of its balance sheet.
New factors emerge from time to time, and it is not possible for the Company to predict all of these factors.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Seadrill New Finance Limited Announces Extension of Forbearance Agreement

Retrieved on:

Tuesday, March 9, 2021

Finance, Seadrill, Forbearance, Financial markets, OTC Markets Group, Security, Issuer, Money

HAMILTON, Bermuda, March 9, 2021 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (OSE:SDRL, OTCQX:SDRLF) announces that Seadrill New Finance Limited (the "Issuer"), a subsidiary of the Company, has agreed to extend the existing forbearance agreement announced on 11 February 2021, and extended on 23 February 2021, with respect to the 12.0% senior secured notes due 2025 (the "Notes") with certain holders of the Notes (the "Note Holders").

Key Points:

HAMILTON, Bermuda, March 9, 2021 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (OSE:SDRL, OTCQX:SDRLF) announces that Seadrill New Finance Limited (the "Issuer"), a subsidiary of the Company, has agreed to extend the existing forbearance agreement announced on 11 February 2021, and extended on 23 February 2021, with respect to the 12.0% senior secured notes due 2025 (the "Notes") with certain holders of the Notes (the "Note Holders").
The purpose of the forbearance agreement is to allow the Issuer and its stakeholders more time to negotiate on the heads of terms of a comprehensive restructuring of its balance sheet.
New factors emerge from time to time, and it is not possible for the Company to predict all of these factors.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Radian Releases Monthly Operating Statistics for February 2021

Retrieved on:

Thursday, March 4, 2021

Professional services, Residential Building & Real Estate, Insurance, Finance, Construction & Property, Banking, Loans, Money, Finance, Mortgage, Financial services, Mortgage insurance, Radian Group, Mortgage loan, Forbearance, Loan servicing

Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., today released monthly operating statistics related to the credit performance of its insured portfolio for the month of February 2021.

Key Points:

Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., today released monthly operating statistics related to the credit performance of its insured portfolio for the month of February 2021.
The information includes total new primary defaults, which include defaults under forbearance programs in response to the COVID-19 pandemic, as well as cures, claims paid and rescissions/denials.
The information regarding new defaults and cures is reported to Radian Guaranty from loan servicers.
The company considers a loan to be in default for financial statement and internal tracking purposes upon receipt of notification by servicers that a borrower has missed two monthly payments.

Horace Mann Puts Teachers on Track to Reach $100 Million in Public Service Loan Forgiveness

Retrieved on:

Tuesday, March 2, 2021

Horace Mann Educators Corporation (NYSE:HMN) announced today that its Student Loan Solutions (SLS) program identified more than $100 million in Public Service Loan Forgiveness (PSLF) opportunities for educators in 2020, bringing the programs lifetime total to more than $350 million.1

Key Points:

Horace Mann Educators Corporation (NYSE:HMN) announced today that its Student Loan Solutions (SLS) program identified more than $100 million in Public Service Loan Forgiveness (PSLF) opportunities for educators in 2020, bringing the programs lifetime total to more than $350 million.1
The Horace Mann SLS program provides webinar education, online resources and expert loan coaches to help all public school educators get the loan forgiveness they deserve under PSLF and Teacher Loan Forgiveness.
Some of the largest school districts in the country recognize the value of the Horace Mann Student Loan Solutions program.
Addressing student loan debt can help.2
It is important to pursue PSLF now, even during the CARES Act student loan forbearance, added Clark.
(1) Potential savings of educators assisted by Horace Mann with Public Service Loan Forgiveness from October 2016 through 2020 based on assumptions established by the U.S. Office of Federal Student Aid.

RiskExec's Breakout Year in 2020

Retrieved on:

Monday, March 1, 2021

Mortgage industry of the United States, United States federal banking legislation, Home Mortgage Disclosure Act, Finance, Community Reinvestment Act, Financial services, Forbearance, Housing in the United States, CRA

Over the course of the year, RiskExec platform users expanded by over 30%.

Key Points:

Over the course of the year, RiskExec platform users expanded by over 30%.
The nearly 800 active users represent:
In 2020, RiskExec processed 40% of the nationwide HMDA loan application records in its HMDA/CRA module, providing executive and regulatory reporting for the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), and fair lending compliance requirements.
Loan servicing practices are becoming ever more critical in the world of COVID-19 loan forbearance and modification.
RiskExec customers are now able to construct Peer PPP Groups based on geographies and analyze their own data against peers.

SDRL - Seadrill New Finance Limited Announces Extension of Forbearance Agreement

Retrieved on:

Wednesday, February 24, 2021

Finance, Seadrill, Forbearance, Financial markets, OTC Markets Group, Security, Issuer, Money

HAMILTON, Bermuda, Feb. 23, 2021 /PRNewswire/ --Seadrill Limited ("Seadrill" or the "Company") (OSE:SDRL, OTCQX:SDRLF) announces that Seadrill New Finance Limited (the "Issuer"), a subsidiary of the Company, has agreed to extend the existing forbearance agreement announced on 11 February 2021 with respect to the 12.0% senior secured notes due 2025 (the "Notes") with certain holders of the Notes (the "Note Holders").

Key Points:

HAMILTON, Bermuda, Feb. 23, 2021 /PRNewswire/ --Seadrill Limited ("Seadrill" or the "Company") (OSE:SDRL, OTCQX:SDRLF) announces that Seadrill New Finance Limited (the "Issuer"), a subsidiary of the Company, has agreed to extend the existing forbearance agreement announced on 11 February 2021 with respect to the 12.0% senior secured notes due 2025 (the "Notes") with certain holders of the Notes (the "Note Holders").
The purpose of the forbearance agreement is to allow the Issuer and its stakeholders more time to negotiate on the heads of terms of a comprehensive restructuring of its balance sheet.
New factors emerge from time to time, and it is not possible for the Company to predict all of these factors.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

SDRL - Seadrill New Finance Limited Announces Extension of Forbearance Agreement

Retrieved on:

Wednesday, February 24, 2021

Finance, Seadrill, Forbearance, Financial markets, OTC Markets Group, Security, Issuer, Money

HAMILTON, Bermuda, Feb. 23, 2021 /PRNewswire/ --Seadrill Limited ("Seadrill" or the "Company") (OSE:SDRL, OTCQX:SDRLF) announces that Seadrill New Finance Limited (the "Issuer"), a subsidiary of the Company, has agreed to extend the existing forbearance agreement announced on 11 February 2021 with respect to the 12.0% senior secured notes due 2025 (the "Notes") with certain holders of the Notes (the "Note Holders").

Key Points:

HAMILTON, Bermuda, Feb. 23, 2021 /PRNewswire/ --Seadrill Limited ("Seadrill" or the "Company") (OSE:SDRL, OTCQX:SDRLF) announces that Seadrill New Finance Limited (the "Issuer"), a subsidiary of the Company, has agreed to extend the existing forbearance agreement announced on 11 February 2021 with respect to the 12.0% senior secured notes due 2025 (the "Notes") with certain holders of the Notes (the "Note Holders").
The purpose of the forbearance agreement is to allow the Issuer and its stakeholders more time to negotiate on the heads of terms of a comprehensive restructuring of its balance sheet.
New factors emerge from time to time, and it is not possible for the Company to predict all of these factors.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

GreenPath and Homeownership Preservation Foundation Helps COVID-19 Affected Homeowners Avoid Foreclosure

Retrieved on:

Thursday, February 18, 2021

GreenPath Financial Wellness , a national nonprofit that provides financial counseling and debt management services and its affiliate, Homeownership Preservation Foundation (HPF) that provides housing counseling services, helped 19,500 borrowers experiencing COVID-19 and other related financial hardship avoid foreclosure in 2020.

Key Points:

GreenPath Financial Wellness , a national nonprofit that provides financial counseling and debt management services and its affiliate, Homeownership Preservation Foundation (HPF) that provides housing counseling services, helped 19,500 borrowers experiencing COVID-19 and other related financial hardship avoid foreclosure in 2020.
In addition to foreclosure prevention, HPFs certified counselors assist callers with forbearance guidance, pre- and post-modification support, reverse mortgage and rental counseling.
Homeownership Preservation Foundation, also known as HPF, is a national nonprofit organization dedicated to guiding consumers on the path of sustainable homeownership and improving their overall financial health.
GreenPath is a member of the National Foundation for Credit Counseling, Michigan Diversity Council, Texas Diversity Council, and is accredited by the Council on Accreditation.

U.S. Foreclosure Activity In January 2021 Continues To Hit All-Time Lows

Retrieved on:

Thursday, February 11, 2021

Mortgage, United States housing bubble, Money, Finance, Real estate, Foreclosure, Real property law, Urban decay, Forbearance, Mortgage loan, CARES Act, RealtyTrac

"January foreclosure activity declined at least in part due to the Biden Administration's decision to continue the foreclosure moratorium on government-backed loans through the end of March," said Rick Sharga, RealtyTrac executive vice president.

Key Points:

"January foreclosure activity declined at least in part due to the Biden Administration's decision to continue the foreclosure moratorium on government-backed loans through the end of March," said Rick Sharga, RealtyTrac executive vice president.
"The moratorium and CARES Act mortgage forbearance program have effectively prevented millions of seriously delinquent loans from entering the foreclosure process.
Highest foreclosure rates in Delaware, Louisiana and Florida
Nationwide one in every 14,164 housing units had a foreclosure filing in January 2021.
RealtyTrac.com is the premier foreclosure listing and search portal for investors and consumers looking to gain a competitive edge in the distressed market.

Radian Releases Monthly Operating Statistics for January 2021

Retrieved on:

Friday, February 5, 2021

Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., today released monthly operating statistics related to the credit performance of its insured portfolio for the month of January 2021.

Key Points:

Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., today released monthly operating statistics related to the credit performance of its insured portfolio for the month of January 2021.
The information includes total new primary defaults, which include defaults under forbearance programs in response to the COVID-19 pandemic, as well as cures, claims paid and rescissions/denials.
The information regarding new defaults and cures is reported to Radian Guaranty from loan servicers.
The company considers a loan to be in default for financial statement and internal tracking purposes upon receipt of notification by servicers that a borrower has missed two monthly payments.