Loans

Carrington Mortgage Services Introduces Its Interest-Only Product Enhancement

Retrieved on: 
Monday, July 15, 2019
Construction & Property, Finance, Banking, Professional services, Other Construction & Property, Other Professional Services, Residential Building & Real Estate, Economy, Money, Loans, Finance, Mortgage broker, Mortgage loan, Mortgage, United States housing bubble

Carrington Mortgage Services, LLC (CMS), one of the nations largest privately held non-bank lenders, today introduced its Interest-Only Product Enhancement.

Key Points: 
  • Carrington Mortgage Services, LLC (CMS), one of the nations largest privately held non-bank lenders, today introduced its Interest-Only Product Enhancement.
  • The addition of the Interest-Only Product Enhancement expands CMSs impressive collection of non-agency products offered through all loan origination channels, which include Wholesale, Retail and Correspondent lending.
  • Carringtons Interest-Only Product Enhancement is the latest entry to our product offerings for borrowers, brokers and correspondent sellers, said Ray Brousseau, President of CMS.
  • Carringtons Interest-Only Product Enhancement provides a flexible payment option that allows borrowers to pay just the interest with their monthly payment.

Rubicon Organics to Hold Annual General and Special Meeting; Secures Loan and Grants Stock Options

Retrieved on: 
Sunday, July 14, 2019
Money, Economy, Finance, Loans, Corporate finance, Options, Warrant, Credit, Syndicated loan, Payday loans in the United States

The Company has entered into a term loan agreement (the "Loan") pursuant to which it has borrowed $500,010 from certain lenders (the "Lenders").

Key Points: 
  • The Company has entered into a term loan agreement (the "Loan") pursuant to which it has borrowed $500,010 from certain lenders (the "Lenders").
  • The Loan is for a term of 24 months and bears interest at a rate of 12% per annum.
  • In connection with the Loan, the Company issued the Lenders a total of 100,002 common share purchase warrants ("Warrants").
  • The stock options are exercisable at $3.25 per share for a period of five years from the date of grant.

Blackstone Mortgage Trust Announces Second Quarter 2019 Earnings Release and Conference Call

Retrieved on: 
Friday, July 12, 2019
Finance, Loans, Mortgage loan, Money, United States housing bubble, Economy, Mortgage industry of the United States, Mortgage-backed security

NEW YORK, July 12, 2019 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced that it will publish its second quarter 2019 earnings presentation on its website at www.bxmt.com and file its Form 10-Q after market close on Tuesday, July 23, 2019.

Key Points: 
  • NEW YORK, July 12, 2019 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced that it will publish its second quarter 2019 earnings presentation on its website at www.bxmt.com and file its Form 10-Q after market close on Tuesday, July 23, 2019.
  • The company will also host a conference call to review results on Wednesday, July 24, 2019 at 10:00 a.m.
  • Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia.
  • The Company assumes no obligation to update or supplement forwardlooking statements that become untrue because of subsequent events or circumstances.

Guaranteed Rate Appoints Suk Shah as Chief Financial Officer

Retrieved on: 
Friday, July 12, 2019
Loans, Guaranteed Rate, Mortgage industry of the United States, Mortgage loan, Mortgage origination, Financial services, Service industries

CHICAGO, July 12, 2019 /PRNewswire/ -- Guaranteed Rate , one of the largest retail mortgage lenders in the nation, has hired Suk Shah as its Chief Financial Officer to accelerate growth.

Key Points: 
  • CHICAGO, July 12, 2019 /PRNewswire/ -- Guaranteed Rate , one of the largest retail mortgage lenders in the nation, has hired Suk Shah as its Chief Financial Officer to accelerate growth.
  • "Suk is a huge hire for Guaranteed Rate and is a perfect cultural fit," said Founder & CEO Victor Ciardelli.
  • As CFO, Shah will lead and oversee Guaranteed Rate's focus on profitability and efficiency, while supporting various growth strategies and initiatives.
  • 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 and brokerage.

KBRA Europe Assigns Preliminary Ratings to Syon Securities 2019 DAC

Retrieved on: 
Friday, July 12, 2019
Professional services, Finance, Finance, Economy, Money, Loans, Credit rating agencies, Kroll Bond Rating Agency, Mortgage loan, Collateral, Mortgage-backed security

Kroll Bond Rating Agency Europe Limited (KBRA) assigns preliminary ratings to Syon Securities 2019 Designated Activity Company (Syon 2019 DAC).

Key Points: 
  • Kroll Bond Rating Agency Europe Limited (KBRA) assigns preliminary ratings to Syon Securities 2019 Designated Activity Company (Syon 2019 DAC).
  • The transaction is among the first synthetic risk transfer mortgage transactions comprised of residential mortgage loans on UK properties.
  • Syon 2019 DAC is part of an ongoing risk and capital optimisation program implemented by BOS across several collateral types.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

Granite Point Mortgage Trust Inc. Announces Earnings Release and Conference Call for Second Quarter 2019 Financial Results

Retrieved on: 
Thursday, July 11, 2019
Construction & Property, REIT, Loans, Mortgage loan, Mortgage industry of the United States, Subprime mortgage crisis, United States housing bubble, Finance, Structured finance, Economy, Money, Mortgage broker, Draft:American Capital

Granite Point Mortgage Trust Inc. (NYSE: GPMT) today announced that it will release financial results for the quarter ended June 30, 2019 after market close on August 5, 2019.

Key Points: 
  • Granite Point Mortgage Trust Inc. (NYSE: GPMT) today announced that it will release financial results for the quarter ended June 30, 2019 after market close on August 5, 2019.
  • The company will host a conference call to review the financial results on August 6, 2019, at 10:00 a.m.
  • Granite Point Mortgage Trust Inc. is a Maryland corporation focused on directly originating, investing in and managing senior floating rate commercial mortgage loans and other debt and debt-like commercial real estate investments.
  • Granite Point is headquartered in New York, NY, and is externally managed by Pine River Capital Management L.P. Additional information is available at www.gpmortgagetrust.com .

KBRA Releases Research – CRE CLO Trend Watch: Strong Q2 2019 Issuance as Deals Evolve and Loans Churn

Retrieved on: 
Thursday, July 11, 2019
Banking, Professional services, Finance, Loans, Economy, Mortgage, Collateralized loan obligation, Kroll Bond Rating Agency, CLO, Credit rating agency

Kroll Bond Rating Agency (KBRA) releases the CRE CLO Trend Watch: Strong Q2 2019 Issuance as Deals Evolve and Loans Churn report, which discusses notable trends in the space.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases the CRE CLO Trend Watch: Strong Q2 2019 Issuance as Deals Evolve and Loans Churn report, which discusses notable trends in the space.
  • Issuance accelerated in Q2 2019, with eight commercial real estate collateralized loan obligations (CRE CLO) compared to the six in the prior quarter.
  • This puts the sector on track to equal or surpass last years transaction count of 25 deals.
  • Even more striking is that with the flurry of Q2 issuance, 1H 2019 volume of $9.1 billion is more than 30% ahead of the $6.9 billion issued in 1H 2018.

Arch MI and BeSmartee® Announce New Integration Delivering Live RateStar Risk-Based Pricing

Retrieved on: 
Thursday, July 11, 2019
Professional services, Residential Building & Real Estate, Insurance, Construction & Property, Loans, Mortgage insurance, Finance, Mortgage loan, Arch Capital Group, Financial services, Mortgage industry of the United States, Arch MI, BeSmartee

Now celebrating 10 years as the industrys leading risk-based MI pricing solution, Arch MI RateStar evaluates a wide variety of loan characteristics to provide the most tailored, complete and precise MI rate.

Key Points: 
  • Now celebrating 10 years as the industrys leading risk-based MI pricing solution, Arch MI RateStar evaluates a wide variety of loan characteristics to provide the most tailored, complete and precise MI rate.
  • This integration ensures that the MI fees BeSmartee autopopulates in the initial disclosure stack viewed and eSigned by borrowers within the BeSmartee POS are highly accurate.
  • We are glad to announce our successful partnership with BeSmartee, said Carl Tyree, Arch MIs Executive Vice President and Chief Sales Officer.
  • Arch Capital Group Ltd.s U.S. mortgage insurance operation, Arch MI, is a leading provider of private insurance covering mortgage credit risk.

Alchemy Lending to Co-Host Bervann Capital Summer Event

Retrieved on: 
Thursday, July 11, 2019
Economy, Money, Finance, Credit, Peer-to-peer, Loans, Crowdfunding, Social economy, Peer-to-peer lending

NEW YORK, July 11, 2019 /PRNewswire/ --Alchemy Lending, a New York-based peer to peer lending firm, will be co-hosting Bervann Capital's Summer Party at the exclusive Metropolitan Club in New York City this August 19, 2019.

Key Points: 
  • NEW YORK, July 11, 2019 /PRNewswire/ --Alchemy Lending, a New York-based peer to peer lending firm, will be co-hosting Bervann Capital's Summer Party at the exclusive Metropolitan Club in New York City this August 19, 2019.
  • According to Justin Cheng, CEO of Alchemy Lending, "This is going to be an incredible event, with leaders from every vertical attending.
  • At 22, he raised $16 million and started Alchemy Lending, a unique, online peer-to-peer lending platform that connects lenders to borrowers.
  • The Bervann Capital Summer Party celebrates both CEO Tariq Hussain and SVP Val Nzhie's 38th birthday.

TransEnterix, Inc. Announces Sale of AutoLap Assets

Retrieved on: 
Wednesday, July 10, 2019
Health, Medical devices, Technology, Surgery, Other Technology, Loans, Financial law, Great Belief International Limited (GBIL), TransEnterix

As a part of the sale agreement, the Company retains ownership of the broader intellectual property portfolio it acquired from M.S.T.

Key Points: 
  • As a part of the sale agreement, the Company retains ownership of the broader intellectual property portfolio it acquired from M.S.T.
  • The Company has entered into an Amendment to its Loan Agreement as part of the process to obtain the consent of its Lender prior to transferring the AutoLap assets to GBIL.
  • The Company acquired the AutoLap as part of the October 2018 acquisition of the assets of M.S.T.
  • This press release includes statements relating to the sale of the AutoLap assets.