Loans

Ocwen Financial Schedules Conference Call – Second Quarter 2021 Results and Business Update

WEST PALM BEACH, Fla., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, August 5, 2021 at 8:30 a.m. (ET) to review the Companys second quarter 2021 operating results and provide a business update.

Key Points: 
  • WEST PALM BEACH, Fla., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, August 5, 2021 at 8:30 a.m. (ET) to review the Companys second quarter 2021 operating results and provide a business update.
  • You can access the conference call by dialing (877) 344-8082 or (213) 992-4618 approximately 10 minutes prior to the call.
  • Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at www.ocwen.com under Events and Presentations.
  • Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage.

CIVIC's Sophie Kim Named One of HousingWire's 2021 Women of Influence

Retrieved on: 
Monday, August 2, 2021

REDONDO BEACH, Calif., Aug. 2, 2021 /PRNewswire-PRWeb/ -- CIVIC Financial Services (CIVIC), a leading private money lender specializing in the financing of non-owner-occupied investment properties, today announced that Sophie Kim, Senior Vice President of People and Culture, has been named one of HousingWire's 2021 Women of Influence.

Key Points: 
  • REDONDO BEACH, Calif., Aug. 2, 2021 /PRNewswire-PRWeb/ -- CIVIC Financial Services (CIVIC), a leading private money lender specializing in the financing of non-owner-occupied investment properties, today announced that Sophie Kim, Senior Vice President of People and Culture, has been named one of HousingWire's 2021 Women of Influence.
  • The eleventh annual Women of Influence Awards recognized 100 women in the mortgage, real estate and fintech industries who are making notable contributions to their businesses and propelling the industry at large.
  • "Congratulations to these women who are cultivating a new path forward for the housing industry and reimagining a better, more collaborative future."
  • To be named among this respected group of HousingWire 2021 Women of Influence honorees who are shaping our industry is a true honor."

Black Knight: Servicers Face Operational Challenge of Processing Up To 18,000 Forbearance Plans Per Day as Newly Detailed Forbearance Timelines Frontload Expirations to the Fall

Retrieved on: 
Monday, August 2, 2021

Considering recently updated forbearance expiration timelines announced by FHFA, FHA, VA, and USDA, this month's report looks at the impact of the many varying allowable forbearance periods.

Key Points: 
  • Considering recently updated forbearance expiration timelines announced by FHFA, FHA, VA, and USDA, this month's report looks at the impact of the many varying allowable forbearance periods.
  • According to Black Knight Data & Analytics President Ben Graboske, due to the complexity of the expiration matrices across different agencies, the operational challenge mortgage servicers were already facing this fall has been compounded even more.
  • However, now we have detailed matrices of differing forbearance periods across the various agencies.
  • The operational challenge this represents is staggering, even before noting the oversized share of FHA and VA loans.

HomeXpress Launches New Fin-Tech Solution: X-CONNECT

Retrieved on: 
Sunday, August 1, 2021

SANTA ANA, Calif., Aug. 1, 2021 /PRNewswire-PRWeb/ -- Leading Non-QM mortgage lender, HomeXpress Mortgage, is proud to announce their new broker portal, X-CONNECT.

Key Points: 
  • SANTA ANA, Calif., Aug. 1, 2021 /PRNewswire-PRWeb/ -- Leading Non-QM mortgage lender, HomeXpress Mortgage, is proud to announce their new broker portal, X-CONNECT.
  • HomeXpress has long been known for speed, ease, and convenience in the Non-QM mortgage space.
  • X-CONNECT will continue to improve with additional planned program enhancements, offering HomeXpress' approved brokers a premier fin-tech solution to their Non-QM mortgage lending needs.
  • Future revisions are expected to significantly enhance and redefine how mortgage brokers engage in the Non-QM mortgage lending process.

JFQ Lending Chairman's Club Award Recipients Recognized on International Trip

Retrieved on: 
Friday, July 30, 2021

SCOTTSDALE, Ariz., July 30, 2021 /PRNewswire-PRWeb/ -- JFQ Lending, a Scottsdale, Arizona-based mortgage lender specializing in home purchase and refinance loans, recognized 45 members of the company's Chairman's Club with a trip to the Bahamas in early July.

Key Points: 
  • SCOTTSDALE, Ariz., July 30, 2021 /PRNewswire-PRWeb/ -- JFQ Lending, a Scottsdale, Arizona-based mortgage lender specializing in home purchase and refinance loans, recognized 45 members of the company's Chairman's Club with a trip to the Bahamas in early July.
  • In February of 2020, before the pandemic forced countless businesses nationwide to implement mass telework, JFQ Lending transitioned more than 700 employees to remote work.
  • The JFQ Lending Chairman's Club returns from its celebration in mid-July, and JFQ Lending continues to maintain a hybrid work policy allowing employees to come back to the office if desired or to continue working remotely from home.
  • To learn more about JFQ Lending, its mortgage programs, and its commitment to its customers, visit JFQLending.com .

DGAP-News: CECONOMY AG settles post-pandemic financing structure: Existing KfW syndicated loan agreement replaced by ESG-linked syndicated credit facilities

Retrieved on: 
Friday, July 30, 2021

CECONOMY AG settles post-pandemic financing structure: Existing KfW syndicated loan agreement replaced by ESG-linked syndicated credit facilities

Key Points: 
  • CECONOMY AG settles post-pandemic financing structure: Existing KfW syndicated loan agreement replaced by ESG-linked syndicated credit facilities
    The issuer is solely responsible for the content of this announcement.
  • CECONOMY AG settles post-pandemic financing structure: Existing KfW syndicated loan agreement replaced by ESG-linked syndicated credit facilities
    Dsseldorf, 30 July 2021 - CECONOMY AG ("CECONOMY") has settled its post-pandemic financing structure with the termination of its syndicated revolving loan agreement with the participation of KfW and implementation of its new ESG-linked syndicated revolving credit facilities.
  • The 1.7 billion loan facility of the existing syndicated loan agreement with the participation of KfW was concluded in mid-May 2020 during the first wave of the COVID-19 pandemic and complemented CECONOMY's existing credit facilities of 980 million at that time.
  • Following the recent issuance of the 5-year senior unsecured bond, CECONOMY now concludes its post-pandemic financing structure with the implementation of the new ESG-linked syndicated revolving credit facilities.

Mortgage Rates Make Slight Shift

Retrieved on: 
Thursday, July 29, 2021

MCLEAN, Va., July 29, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.80 percent.

Key Points: 
  • MCLEAN, Va., July 29, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.80 percent.
  • 30-year fixed-rate mortgage averaged 2.80 percent with an average 0.7 point for the week ending July 29, 2021, up from last week when it averaged 2.78 percent.
  • 15-year fixed-rate mortgage averaged 2.10 percent with an average 0.7 point, down from last week when it averaged 2.12 percent.
  • Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Prospect Capital Funds $202 Million in Senior Secured Floating Rate Term Loans to Progrexion  

Retrieved on: 
Thursday, July 29, 2021

NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (Prospect) announced today that Prospect has funded total commitments of $202 million,comprised of a$49 million first lien senior secured floating rate term loan and a$153 million second lien senior secured floating rate term loan to support the refinancing of PGX Holdings, Inc. (Progrexion) a portfolio company of H.I.G.

Key Points: 
  • NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (Prospect) announced today that Prospect has funded total commitments of $202 million,comprised of a$49 million first lien senior secured floating rate term loan and a$153 million second lien senior secured floating rate term loan to support the refinancing of PGX Holdings, Inc. (Progrexion) a portfolio company of H.I.G.
  • This transaction marks the 12th financing for Progrexion since H.I.G.s acquisition in 2010," said Elliot Maluth, Managing Director of H.I.G.
  • Prospect Capital Corporation ( www.prospectcap.com ) is a business development company that focuses on lending to and investing in private businesses.
  • Prospect has elected to be treated as a business development company under the Investment Company Act of 1940 (1940 Act).

Notice of Timbercreek Financial Q2 2021 Results Conference Call

Retrieved on: 
Thursday, July 29, 2021

In the 10 minutes prior to call start time, call the Dial-In Number:

Key Points: 
  • In the 10 minutes prior to call start time, call the Dial-In Number:
    Participant Toll Free Dial-In Number: (866) 211-4953
    The playback of the conference call will also be available on www.timbercreekfinancial.com following the call.
  • Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate professionals.
  • Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions.
  • By employing thorough underwriting, active management and strong governance, we are able to meet these needs while generating strong risk-adjusted yields for investors.

Cambridge Savings Bank Expands Credit Facility to Purity Services

Retrieved on: 
Thursday, July 29, 2021

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Asset-Based Lending team has added on to an existing credit facility extended to Purity Services, Inc. , a full-service healthcare linen rental and commercial laundering company based in New Bedford, Massachusetts.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Asset-Based Lending team has added on to an existing credit facility extended to Purity Services, Inc. , a full-service healthcare linen rental and commercial laundering company based in New Bedford, Massachusetts.
  • As an existing CSB customer, Purity Services turned to the bank for a credit facility that will support their new growth opportunities.
  • We are excited to deepen our relationship with Purity Services and support their continued success, said Yvonne Kizner , Senior Vice President Asset Based Lending, Cambridge Savings Bank.
  • Cambridge Savings Bank is the bank you can trust to provide customized services to meet your business needs.