Special Loan Program for China-Latin America Infrastructure Project

Rithm Capital to Acquire Specialized Loan Servicing LLC

Retrieved on: 
Monday, October 2, 2023

Rithm Capital Corp. (NYSE: RITM) (“Rithm Capital”), an asset manager focused on the real estate and financial services industries, today announced it has entered into a definitive agreement with Computershare Limited (ASX: CPU) (“Computershare”) to acquire Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing LLC (“SLS”), for a purchase price of approximately $720 million.

Key Points: 
  • Rithm Capital Corp. (NYSE: RITM) (“Rithm Capital”), an asset manager focused on the real estate and financial services industries, today announced it has entered into a definitive agreement with Computershare Limited (ASX: CPU) (“Computershare”) to acquire Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing LLC (“SLS”), for a purchase price of approximately $720 million.
  • The acquisition includes approximately $136 billion in unpaid principal balance (UPB) of mortgage servicing rights, of which $85 billion is third-party servicing, along with SLS’s origination services business.
  • Following the close of the transaction, SLS’s portfolio and operations will be transitioned to and managed by Newrez LLC (“Newrez”), a Rithm portfolio company.
  • Our track record of acquisitions in the mortgage servicing space continues to deliver value not only for our shareholders, but also for the millions of consumers we serve,” said Michael Nierenberg, Chairman, Chief Executive Officer and President of Rithm Capital.

Freddie Mac Sells $586 Million in NPLs

Retrieved on: 
Tuesday, September 26, 2023

MCLEAN, Va., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it sold via auction 3,564 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio.

Key Points: 
  • MCLEAN, Va., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it sold via auction 3,564 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio.
  • The loans, with a balance of approximately $586 million, are currently serviced by Specialized Loan Servicing LLC, Select Portfolio Servicing, Inc., NewRez LLC, d/b/a Shellpoint Mortgage Servicing and Nationstar Mortgage LLC d/b/a RightPath Servicing.
  • The sale is part of Freddie Mac’s Standard Pool Offerings (SPO®).
  • Freddie Mac, through its advisors, began marketing the transaction on August 28, 2023 to potential bidders, including non-profits and Minority, Women, Disabled, LGBT, Veteran or Service-Disabled Veteran-Owned Businesses (MWDOBs), neighborhood advocacy organizations and private investors active in the NPL market.

Freddie Mac Announces $628 million NPL Sale

Retrieved on: 
Tuesday, August 29, 2023

MCLEAN, Va., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today an approximate $628 million non-performing loan (NPL) sale, via an auction of seasoned non-performing residential first lien loans held in Freddie Mac’s mortgage-related investments portfolio.

Key Points: 
  • MCLEAN, Va., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today an approximate $628 million non-performing loan (NPL) sale, via an auction of seasoned non-performing residential first lien loans held in Freddie Mac’s mortgage-related investments portfolio.
  • To participate , all potential bidders must be approved by Freddie Mac and successfully complete a qualification package to access the secure data room containing information about the NPLs and to bid on the NPL pool(s).
  • Advisors to Freddie Mac on the transaction are Wells Fargo Securities, LLC and First Financial Network, Inc., a woman-owned business.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

Freddie Mac Prices Approximately $471 Million Securitization of Re-Performing Loans

Retrieved on: 
Wednesday, August 2, 2023

Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2023-1 includes approximately $443 million in guaranteed senior certificates and $28 million in non-guaranteed mezzanine and subordinate certificates.

Key Points: 
  • Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2023-1 includes approximately $443 million in guaranteed senior certificates and $28 million in non-guaranteed mezzanine and subordinate certificates.
  • To date, Freddie Mac has sold over $9.7 billion of Non-Performing Loans (NPLs) and securitized approximately $77 billion of RPLs consisting of over $30 billion of fully guaranteed PCs, $34 billion of SCRT senior/sub securities, and $12 billion of Seasoned Loans Structured Transaction (SLST) securities.
  • Additional information about the company's seasoned loan offerings can be found at: http://www.freddiemac.com/seasonedloanofferings/
    This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

Eolian Announces Closing Of $515 Million Green Loan

Retrieved on: 
Tuesday, June 6, 2023

BURLINGAME, Calif., June 6, 2023 /PRNewswire/ -- Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Banco Santander, MUFG, National Australia Bank, Natixis Corporate & Investment Banking, and SMBC, today announced the closing of a $515 million renewable energy green loan.

Key Points: 
  • BURLINGAME, Calif., June 6, 2023 /PRNewswire/ -- Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Banco Santander, MUFG, National Australia Bank, Natixis Corporate & Investment Banking, and SMBC, today announced the closing of a $515 million renewable energy green loan.
  • This financing is secured by a diverse group of eligible green projects developed by Eolian over the past 20 years and is aligned with the four pillars of the Green Loan Principles, jointly published by the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) in February 2023.
  • "The closing of this long-term financing with a club of five premier global lenders validates the broad appeal of Eolian as a sponsor and of its uniquely diversified and compelling clean energy portfolio," said Eolian CEO Aaron Zubaty.
  • Natixis is very pleased to have acted as the Green Loan Coordinator on this transaction, which recognizes the vital clean infrastructure development and investment work undertaken by Eolian."

Tech Week Singapore Presents: Must-Attend Summits For Asia's Top Business Leaders and Press

Retrieved on: 
Tuesday, March 28, 2023

The Retail Executive Summit , Smart Cybersecurity Summit , and the brand-new Data & AI Leaders' Summit will take place in Singapore at Marina Bay Sands across the month of April.

Key Points: 
  • The Retail Executive Summit , Smart Cybersecurity Summit , and the brand-new Data & AI Leaders' Summit will take place in Singapore at Marina Bay Sands across the month of April.
  • All three Summits includes lunch and post-event networking drinks for the all-important networking with fellow business leaders.
  • To create a value-driven experience, the Summits are exclusive to C-Level leaders and senior decision-makers.
  • Members of the press can also secure a press pass – once registered, please contact Stuart Crowley ( [email protected] ) for interview opportunities with speakers.

Tech Week Singapore Reveals Brand-New Summit for Data and AI Leaders

Retrieved on: 
Tuesday, March 28, 2023

SINGAPORE, Mar 28, 2023 - (ACN Newswire) - Tech Week Singapore, an award-winning event by CloserStill Media, has unveiled Data & AI Leaders' Summit, a new invite-only event for data, analytics, and AI professionals taking place at Marina Bay Sands on 27 April 2023.

Key Points: 
  • SINGAPORE, Mar 28, 2023 - (ACN Newswire) - Tech Week Singapore, an award-winning event by CloserStill Media, has unveiled Data & AI Leaders' Summit, a new invite-only event for data, analytics, and AI professionals taking place at Marina Bay Sands on 27 April 2023.
  • The brand-new Data & AI Leaders' Summit is expertly designed to inspire business leaders and data experts with actionable advice and practical tools to help overcome data silos, poor data quality, and skills shortages that prevent successful adoption of these transformative technologies.
  • Events like the Data & AI Leaders' Summit present boundless opportunities for business leaders to spearhead the latest digital frontier," said Neil Halliday, APAC Director for the Data, Analytics & Artificial Intelligence Portfolio at CloserStill Media.
  • Tickets for the Data & AI Leaders' Summit are completely complimentary for senior leaders.

France Used Construction Equipment Industry to 2028 - Surge in Demand for Demolition Excavators is Driving Growth - ResearchAndMarkets.com

Retrieved on: 
Thursday, December 1, 2022

The France used construction equipment market was estimated at 17,588 units in 2021 and expected to reach 16,670 units by 2028, growing at a CAGR of 2.63%.

Key Points: 
  • The France used construction equipment market was estimated at 17,588 units in 2021 and expected to reach 16,670 units by 2028, growing at a CAGR of 2.63%.
  • Rising government investment in the upgradation of public transport and infrastructure due to the upcoming Olympic 2024 is expected to drive the demand for used construction equipment.
  • Government Investment in Infrastructure Projects & Supply Chain Disruptions of New Equipment Support Used Construction Equipment Market.
  • What is the expected number of Used construction equipment to be sold in France by 2028?

Cenlar Appoints Gary Gaskin Vice President of Transfer Services

Retrieved on: 
Tuesday, September 13, 2022

Cenlar FSB, the nations leading mortgage loan subservicer and federally chartered wholesale bank, announced today that Gary Gaskin has joined the company as Vice President of Transfer Services.

Key Points: 
  • Cenlar FSB, the nations leading mortgage loan subservicer and federally chartered wholesale bank, announced today that Gary Gaskin has joined the company as Vice President of Transfer Services.
  • Before joining Cenlar, Gary was Senior Vice President of Loan Servicing at Atlantic Bay Mortgage Group.
  • He was also Director of Loan Servicing at Republic Bank & Trust and Vice President of Loan Administration at Specialized Loan Servicing.
  • He has held various positions at SunTrust Mortgage where he was most recently First Vice President of Loan Administration.

Freddie Mac Prices Approximately $1.0 Billion Securitization of Re-Performing Loans

Retrieved on: 
Thursday, April 7, 2022

Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2022-1 includes approximately $958 million in guaranteed senior certificates and $86 million in unguaranteed mezzanine and subordinate certificates.

Key Points: 
  • Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2022-1 includes approximately $958 million in guaranteed senior certificates and $86 million in unguaranteed mezzanine and subordinate certificates.
  • To date, Freddie Mac has sold over $9.7 billion of Non-Performing Loans (NPLs) and securitized more than $74 billion of RPLs consisting of $30 billion of fully guaranteed PCs, $33 billion of SCRT senior/sub securities, and over $11 billion of Seasoned Loans Structured Transaction (SLST) securities.
  • Additional information about the company's seasoned loan offerings can be found at:
    This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.