Collateral

BrokerTec Collaborates with LCH RepoClear SA to Integrate Clearing of Euro Denominated Securities for RFQ Trading Solution

Retrieved on: 
Thursday, May 18, 2023
CME, NYMEX, New York Mercantile Exchange, S&P, Partnership, LCH, CME Group, EBS, Metal, Financial services, S&P Dow Jones Indices, CBOT, Repurchase agreement, LCH SA, RFQ, Standard, City, COMEX, OTC, Chicago Board of Trade, LTD, Collateral, Security (finance), Euro, Chicago Mercantile Exchange, Globe

Sponsored Clearing enables buyside market participants to become direct members of LCH RepoClear and clear their transactions with the dealer of their choice via the sponsorship of an Agent.

Key Points: 
  • Sponsored Clearing enables buyside market participants to become direct members of LCH RepoClear and clear their transactions with the dealer of their choice via the sponsorship of an Agent.
  • "We're delighted to further extend our collaboration with LCH to enhance BrokerTec Quote by offering clients new efficiencies in trading Euro-denominated securities," said John Edwards, Global Head of BrokerTec.
  • "We are pleased to expand our partnership with BrokerTec and further extend the LCH RepoClear Sponsored Clearing ecosystem," said Emmanuel Rolland, COO Repoclear, Collateral and Liquidity Management, LCH SA.
  • The collaboration between BrokerTec and LCH RepoClear builds on an existing agreement to provide Sponsored Clearing of Gilt Repo on BrokerTec Quote.

Black Knight: Home Prices Up Again in March on Worsening Inventory Shortages and Modest Rise in Demand

Retrieved on: 
Wednesday, May 3, 2023
Heart, Data Analytics Library, Federal, BKI, Sale, Movement, Federal Reserve, Black Knight, Data, Deficit spending, Collateral, NYSE, Cryptocurrency

A modest rise in homebuyer demand led to home prices strengthening for the third consecutive month in March, as both January and February were upwardly revised to show positive movement in prices.

Key Points: 
  • A modest rise in homebuyer demand led to home prices strengthening for the third consecutive month in March, as both January and February were upwardly revised to show positive movement in prices.
  • "Home prices rose a seasonally adjusted 0.45% in March at the national level," said Walden.
  • In fact, just five months ago, prices were declining on a seasonally adjusted month-over-month basis in 92% of all major U.S. markets.
  • This trend is worth watching closely in coming weeks given the delicate balance of supply and demand in today's market.

Veros and Valligent Launch the Valligent Appraiser Training Program for Increased Appraiser Diversity

Retrieved on: 
Tuesday, April 18, 2023
Human Resources, Finance, Other Construction & Property, Banking, Training, Residential Building & Real Estate, Commercial Building & Real Estate, Professional Services, Construction & Property, DEI (Diversity, Equity and Inclusion), Education, Urban Planning, REIT, Interior Design, Veros, Male, Fannie Mae, Jawaharlal Nehru National Urban Renewal Mission, Collateral valuation adjustments, Multimedia, Appraisal Institute, ADI, Freddie Mac, Collateral, African Americans, Appraiser, Real estate

Today, Valligent , a market-leading appraisal management company, recently acquired by Veros Real Estate Solutions ( Veros ®), an industry leader in enterprise risk management and collateral valuation services, announced the launch of the Valligent Appraiser Training Program (VATP) to increase appraiser diversity and offer necessary resources to promote inclusion in the lending industry.

Key Points: 
  • Today, Valligent , a market-leading appraisal management company, recently acquired by Veros Real Estate Solutions ( Veros ®), an industry leader in enterprise risk management and collateral valuation services, announced the launch of the Valligent Appraiser Training Program (VATP) to increase appraiser diversity and offer necessary resources to promote inclusion in the lending industry.
  • View the full release here: https://www.businesswire.com/news/home/20230413005127/en/
    With the VATP, Veros and Valligent offer an accessible and affordable option to encourage underrepresented groups to enter the appraisal industry.
  • The VATP was created with the goal of changing that – making the appraiser pool more representative of the buyers and sellers they serve.
  • Once certified, the appraiser can continue as a Valligent employee, be employed by the sponsoring lender or establish their own business as an independent fee appraiser.

Black Knight: February Home Prices See First Monthly Rise After Seven Straight Declines as Sales Pick Up on Lower Rates While Inventory Shrinks Even Further

Retrieved on: 
Monday, April 3, 2023
Enterprise, Data Analytics Library, BKI, Sale, Black Knight, Data, Growth, Collateral, NYSE, CLTV, Cryptocurrency, Pharmaceutical industry, Security (finance)

"February's national increase in home prices – up 0.16%, adjusted for seasonality – marked the first positive monthly growth we've seen in 8 months," said Walden.

Key Points: 
  • "February's national increase in home prices – up 0.16%, adjusted for seasonality – marked the first positive monthly growth we've seen in 8 months," said Walden.
  • In many areas of the country, that dynamic – low inventory and a modest rise in demand – led to an uptick in home prices.
  • "The unfortunate reality is that the scarce supply of inventory that's the source of so much market gridlock isn't getting any better.
  • Tappable equity – the amount available for withdrawal while maintaining a 20% equity stake in the property – was down $1.6T (-15%).

Carvana Co. Announces Private Exchange Offers Relating to Existing Notes

Retrieved on: 
Wednesday, March 22, 2023
Online Retail, Retail, General Automotive, Automotive, Specialty, Acceptance, Expiration, Accrued interest, Note, Total, Interest, Exchange offer, Settlement date, SEC Rule 144A, Exchange, Person, Sale, Regulation, Carvana, CUSIP, Collateral, Floor plan, Priority, Security (finance), Life insurance, Financial adviser

Includes the Early Exchange Premium for Existing Notes tendered for exchange and not validly withdrawn at or prior to the Early Tender Time.

Key Points: 
  • Includes the Early Exchange Premium for Existing Notes tendered for exchange and not validly withdrawn at or prior to the Early Tender Time.
  • We refer to the aggregate amount of Exchange Consideration and Total Consideration that Eligible Holders of Existing Notes are entitled to receive, excluding Accrued Interest, for Existing Notes that are validly tendered and accepted for exchange by the Company as the “Aggregate Exchange Consideration”.
  • Eligible Holders of the Existing Notes are encouraged to read the Exchange Offer Memorandum, as it contains important information regarding the Exchange Offers.
  • Requests for the Exchange Offer Memorandum and other documents relating to the Exchange Offers may be directed to D.F.

Newfi Lending Partners with Tavant, Integrates with Touchless Lending® Document Analysis

Retrieved on: 
Wednesday, February 15, 2023
Technology, Fintech, Banking, Professional Services, Software, Networks, Data Analytics, Data Management, Artificial Intelligence, Automation, TPO, Touchless knockout, Full-time equivalent, Collateral, SVP, Credit analysis, Credit, Silicon, CRMS, BLU, Partnership, Analysis, Classification, Real estate, Risk management, Newfie, Tavant

Tavant , a Silicon Valley-based provider of industry-leading digital lending solutions, and Newfi Lending, a technology-focused multi-channel mortgage lender, today announced the successful integration of Newfi’s digital mortgage experience with Touchless Lending® Document Analysis.

Key Points: 
  • Tavant , a Silicon Valley-based provider of industry-leading digital lending solutions, and Newfi Lending, a technology-focused multi-channel mortgage lender, today announced the successful integration of Newfi’s digital mortgage experience with Touchless Lending® Document Analysis.
  • “We have only recently started with Tavant’s Touchless Documents, yet we already see returns in both labor effectiveness and data accuracy.
  • Document Analysis completely transforms document processing by instantly recognizing documents, optimizing document-related workflows, and accurately automating document classification, indexing, splitting, categorization, pairing with borrowers, and data extraction.
  • This is the first step in Newfi’s integration with Touchless Lending, which will feature implementations of the platform’s Credit Analysis and Collateral Analysis automation in early 2023.

Leading finance juggernaut, Kelly Mathieson, to join AI-disruptor Jaid as Board member

Retrieved on: 
Tuesday, February 14, 2023
JPMorgan Chase, American Banker, Woman, Communication, Global Custodian, AI, Collateral, Management, Jaid

NEW YORK and LONDON, Feb. 14, 2023 /PRNewswire/ -- Jaid is thrilled to announce that Kelly Mathieson has joined its Board as a Director of the London-based AI-technology disruptor.

Key Points: 
  • NEW YORK and LONDON, Feb. 14, 2023 /PRNewswire/ -- Jaid is thrilled to announce that Kelly Mathieson has joined its Board as a Director of the London-based AI-technology disruptor.
  • Mathieson's unique combination of entrepreneurial and corporate experience, and strategic mindset, will help usher in a new era for Jaid as the company expands its AI-capabilities.
  • Throughout her career in trading, clearing, collateral management, custody and securities lending, Mathieson has been a champion of women in traditionally male-dominated spaces.
  • I am proud to be joining Jaid's Board and am excited to see what the next twelve months bring".

Leading finance juggernaut, Kelly Mathieson, to join AI-disruptor Jaid as Board member

Retrieved on: 
Tuesday, February 14, 2023
JPMorgan Chase, American Banker, Woman, Communication, Global Custodian, AI, Collateral, Management, Jaid

NEW YORK and LONDON, Feb. 14, 2023 /PRNewswire/ -- Jaid is thrilled to announce that Kelly Mathieson has joined its Board as a Director of the London-based AI-technology disruptor.

Key Points: 
  • NEW YORK and LONDON, Feb. 14, 2023 /PRNewswire/ -- Jaid is thrilled to announce that Kelly Mathieson has joined its Board as a Director of the London-based AI-technology disruptor.
  • Mathieson's unique combination of entrepreneurial and corporate experience, and strategic mindset, will help usher in a new era for Jaid as the company expands its AI-capabilities.
  • Throughout her career in trading, clearing, collateral management, custody and securities lending, Mathieson has been a champion of women in traditionally male-dominated spaces.
  • I am proud to be joining Jaid's Board and am excited to see what the next twelve months bring".

Revolution Mortgage Selects Tavant to Transform Digital Experience with Touchless Lending®

Retrieved on: 
Thursday, January 19, 2023
Software, Construction & Property, Internet, Banking, Data Management, Professional Services, Technology, Other Construction & Property, Collateral, Revolution, Decision analysis, Silicon, Analysis, Document, Partnership, Quality control, The Borrowers, Capital market, Touchless knockout, Credit, Bank, Tavant

Tavant , a Silicon Valley-based provider of industry-leading digital lending solutions for over 20 years, and Revolution Mortgage, a nationwide residential mortgage lender, today announced they have partnered to integrate Revolution’s digital mortgage experience with Tavant’s Touchless Lending ® platform.

Key Points: 
  • Tavant , a Silicon Valley-based provider of industry-leading digital lending solutions for over 20 years, and Revolution Mortgage, a nationwide residential mortgage lender, today announced they have partnered to integrate Revolution’s digital mortgage experience with Tavant’s Touchless Lending ® platform.
  • This partnership will feature an end-to-end implementation of Touchless Lending Automation, starting with Decision Analysis, followed by Document, Credit, and Collateral Analyses in early 2023.
  • We see Touchless Lending as a way to get to market faster with a competitive advantage and work efficiently in the market as conditions fluctuate,” said Tony Grothouse, CEO at Revolution Mortgage.
  • Tavant's Touchless Lending ® product suite, which now includes Credit and Collateral Analysis, maximizes data-driven decision-making to solve even the most complex lender and borrower challenges.

Pyxus Announces the Commencement of Exchange Offer and Consent Solicitation With Respect to its 10.000% Senior Secured First Lien Notes Due 2024

Retrieved on: 
Thursday, January 5, 2023
Settlement date, Person, Exchange, Note, Solicitation, Constitutional amendment, SEC Rule 144A, Term loan, Expiration date, Personal Information Agent, Convention to propose amendments to the United States Constitution, Settlement, Surety, Letter, Consent, Eligibility, Information, Supplement, United Kingdom, 2019 UEFA European Under-21 Championship squads, Delivery, Collateral, Support, Exchange offer, Expiration, Exit consent, Security (finance), Life insurance, Issuer, News & Notes

Any and all Existing Notes validly tendered and not validly withdrawn at or prior to the Expiration Date will be accepted for exchange into the New Notes.

Key Points: 
  • Any and all Existing Notes validly tendered and not validly withdrawn at or prior to the Expiration Date will be accepted for exchange into the New Notes.
  • To the extent approved by requisite holders of Existing Notes, the Supplemental Indenture will be binding on all holders of Existing Notes that are not tendered and accepted in the Exchange Offer.
  • You must make your own decision whether to tender your Existing Notes in the Exchange Offer and provide Consents in the Consent Solicitation.
  • Ipreo LLC has been appointed as the exchange agent and information agent for the Exchange Offer and the Consent Solicitation (the "Information Agent").