Loans

Guaranteed Rate Teams with ANC for College Basketball Bubbleville™ Tournament

Tuesday, November 24, 2020 - 5:01pm

Guaranteed Rate will also receive courtside signage visibility at the NABC Hall of Fame Classic in Kansas City, Mo., on November 28 and November 29.

Key Points: 
  • Guaranteed Rate will also receive courtside signage visibility at the NABC Hall of Fame Classic in Kansas City, Mo., on November 28 and November 29.
  • The NCAA Bubbleville tournament will showcase 45 games featuring 40 Division I men's and women's teams Wednesday, November 25 through Saturday, December 5 at the Connecticut resort casino.
  • For more information about Guaranteed Rate, visit: www.rate.com
    For more information about ANC, visit: www.anc.com
    The Guaranteed Rate Companies, which includes Guaranteed Rate Inc., Guaranteed Rate Affinity, LLC, and Proper Rate, LLC, hasmore than 8,000 employees in over 700 offices across the U.S. Headquartered in Chicago, Guaranteed Rate Inc. is one of the largest retail mortgage lenders in the United States funding $37 billion in 2019.
  • 2017 marked the launch of Guaranteed Rate Affinity, LLC, a mortgage origination joint venture between Guaranteed Rate, Inc. and Realogy Holdings Corp. (NYSE: RLGY), a global leader in residential real estate franchising andbrokerage.

MeridianLink's LendingQB Mortgage SaaS Browser-based LOS Announces Successful Third Quarter in New Client Contracts

Tuesday, November 24, 2020 - 4:44pm

The LendingQB browser-based, SaaS loan origination platform empowers lenders to surpass their goals by streamlining the mortgage lending process and delivering a world-class user experience.

Key Points: 
  • The LendingQB browser-based, SaaS loan origination platform empowers lenders to surpass their goals by streamlining the mortgage lending process and delivering a world-class user experience.
  • Regarding loan volume and new customer wins, LendingQB experienced tremendous growth in the third quarter of 2020, surpassing previous quarters.
  • More and more credit unions are choosing LendingQB as their mortgage loan origination platform than ever before.
  • AmeriCU Credit Union selected LendingQB to enable their organization to compete with the perceived "best" mortgage lenders around.

TMC Financing Ends Fiscal Year 2020 as the No. 1 SBA 504 Lender in the Western Region

Tuesday, November 24, 2020 - 3:00pm

1 SBA 504 lender in the Western Region of the nation.

Key Points: 
  • 1 SBA 504 lender in the Western Region of the nation.
  • SBA 504 loans enable business owners to purchase, renovate, construct or refinance commercial real estate with only a 10 percentdown payment, and below-market, fixed-rate long-term financing.
  • SBA 504 loans are structured with a first mortgage from a conventional lender, typically representing 50 percent of the total project, and a second mortgage from a CDC such as TMC Financing , backed by the SBA.
  • In addition to helping business owners finance real estate via the SBA 504 Program, COVID-19 prompted TMC to help small businesses with new programs.

EPiQ LENDING Announces the Arrival of New President Raffie Kalajian

Tuesday, November 24, 2020 - 3:00pm

PASADENA, Calif., Nov. 24, 2020 /PRNewswire/ -- EPiQ LENDING, a joint venture between CMG Financial, a privately-held, well-capitalized mortgage banking firm, and Realty ONE Group, a dynamic, full-service lifestyle real estate brand, announces the addition of Raffie Kalajian as its new joint venture president.

Key Points: 
  • PASADENA, Calif., Nov. 24, 2020 /PRNewswire/ -- EPiQ LENDING, a joint venture between CMG Financial, a privately-held, well-capitalized mortgage banking firm, and Realty ONE Group, a dynamic, full-service lifestyle real estate brand, announces the addition of Raffie Kalajian as its new joint venture president.
  • Raffie is dedicated to improving the home buying experience for the clientand the Realtor.
  • Raffie Kalajian has over twenty years of mortgage leadership experience and has worked at regional and national lenders throughout Southern California.Most recently, he served as Area Sales Manager at Partners United Financial, LLC in Pasadena, CA.
  • The company makes its products and services available to the market through three distinct origination channels including Retail Lending, Wholesale Lending, and Correspondent Lending.

The Coalition of Argentine Provincial Bondholders Announces Statement of Principles and Calls for Coordinated Action on Debt Defaults

Tuesday, November 24, 2020 - 2:37pm

Such financing has promoted economic growth and inclusion and enhanced the productive capacity of provincial borrowers.

Key Points: 
  • Such financing has promoted economic growth and inclusion and enhanced the productive capacity of provincial borrowers.
  • Many of these provinces have historically maintained low levels of indebtedness and enjoyed access to debt capital markets based on their responsible approach to debt management, including during periods in which the national government has been in default.
  • Today, however, some provinces have opportunistically sought to escape these obligations through unilateral and opportunistic defaults.
  • Retail and institutional holders of Argentine provincial bonds are invited to contact the CAPB ( info@arg-prov-coalition.org ) or visit its website at www.arg-prov-coalition.org for up-to-date information and additional resources on specific processes and restructuring proposals.

The Coalition of Argentine Provincial Bondholders Announces Statement of Principles and Calls for Coordinated Action on Debt Defaults

Tuesday, November 24, 2020 - 2:22pm

Such financing has promoted economic growth and inclusion and enhanced the productive capacity of provincial borrowers.

Key Points: 
  • Such financing has promoted economic growth and inclusion and enhanced the productive capacity of provincial borrowers.
  • Many of these provinces have historically maintained low levels of indebtedness and enjoyed access to debt capital markets based on their responsible approach to debt management, including during periods in which the national government has been in default.
  • Today, however, some provinces have opportunistically sought to escape these obligations through unilateral and opportunistic defaults.
  • Retail and institutional holders of Argentine provincial bonds are invited to contact the CAPB ( info@arg-prov-coalition.org ) or visit its website at www.arg-prov-coalition.org for up-to-date information and additional resources on specific processes and restructuring proposals.

Open Lending Signs OE Federal Credit Union to Lenders Protection™ Program

Monday, November 23, 2020 - 9:05pm

They announced today that OE Federal Credit Union, a $1.2 billion institution based in Livermore, CA, has signed with Open Lending to implement their Lenders Protection program.

Key Points: 
  • They announced today that OE Federal Credit Union, a $1.2 billion institution based in Livermore, CA, has signed with Open Lending to implement their Lenders Protection program.
  • OE Federal Credit Union is the countrys largest labor-based credit union, serving union members in the construction trades.
  • Matt Roe, Chief Revenue Officer at Open Lending, says, We are honored to partner with OE Federal Credit Union.
  • We know that the Lenders Protection program will help expand their auto lending offerings, ultimately supporting them in their mission to serve more members.

Australia Mortgage Deferral Hangover Report 2020: More than 10 Million Australians have been, or Expect to be Impacted Financially by the COVID-19 Pandemic - ResearchAndMarkets.com

Monday, November 23, 2020 - 5:35pm

The "Australia's Mortgage Deferral Hangover, 2020 Report" has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Australia's Mortgage Deferral Hangover, 2020 Report" has been added to ResearchAndMarkets.com's offering.
  • The Australia's Mortgage Deferral Hangover Report combines expert insight with the publisher's unique data on the impact of the COVID-19 pandemic to determine how many borrowers will be affected in Australia and for how long.
  • This report draws from a comprehensive consumer research conducted by the publisher in March, April, and May of 2020.
  • As the COVID-19 global health pandemic unfolded, the publisher surveyed more than 12,000 Australian consumers in order to forecast the immediate impact on mortgage borrowers, and their lenders, over the next 12-24 months.

KBRA Releases Research – Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: October 2020

Monday, November 23, 2020 - 4:44pm

Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report which details U.S. broadly syndicated loan (BSL) collateralized loan obligation (CLO) exposure to sectors that have experienced negative credit migration as a result of the ongoing coronavirus (COVID-19) pandemic.
  • As the calendar approaches 2021, KBRA is constructive on the prospect of an overall economic rebound, which should bode well for corporate credit activity.
  • We also include the Structured Credit Publication Index, which contains links to recent KBRA reports within the Structured Credit sector.
  • Coronavirus (COVID-19): U.S. BSL CLO Sector Exposure Map: September 2020
    KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Fountainhead Named Among Country’s Top 100 Most Active Small Business Administration Lenders

Monday, November 23, 2020 - 2:03pm

ORLANDO, Fla., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Fountainhead , a nationwide, nonbank lender for small-to-mid-sized businesses today announces a major milestone: making the top 100 list for most active Small Business Administration (SBA) lenders in the country.

Key Points: 
  • ORLANDO, Fla., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Fountainhead , a nationwide, nonbank lender for small-to-mid-sized businesses today announces a major milestone: making the top 100 list for most active Small Business Administration (SBA) lenders in the country.
  • Most recently, Fountainhead was approved to be one of SBAs Preferred Lenders.
  • This coveted spot in the Preferred Lending Program, awarded to a small percentage of lenders, grants designated underwriting for 7(a) loans, which shaves several business days off the approval and closing process.
  • For more information on Fountainhead, or ways to grow your small-to-mid-sized business, visit F ountainhead CC .com .