By Kate Berry
Ocwen Financial and its subsidiaries faced a slew of accusations from federal and state regulators on Thursday, which raised questions about whether the firm could survive.
April 21, 2017 – Citro was most recently with Cushman & Wakefield, where he held a senior role within the asset surveillance group. He replaces Ken Cheng, who has taken on a new, senior-level position as analytical project manager at Morningstar Credit Ratings.
April 20, 2017 – Moody's Investors Service blames the lack of standard terminology used to describe covenants that forbid borrowers from taking certain actions or require them maintain certain financial ratios.
April 21, 2017 – Student loans are showing signs of growing too fast, perhaps the only market flashing a warning even as the economic recovery grows older, Citigroup Chief Financial Officer John Gerspach said
April 20, 2017 – Dell and Ascentium launched a pair of equipment lease securitizations; NextGear readies notes backed by auto dealer inventory financing; Consumer Portfolio Services closes on auto ABS.
April 19, 2017 – Incoming CFO Christian Lown says an agreement to purchase $6.9 billion of federally guaranteed and private student loans from JPMorgan Chase should encourage other banks to consider portfolio sales,
April 18, 2017 – The justices appeared exasperated with both sides in a case that would define whether companies that buy distressed debt are covered under a federal statute setting limits on their activities.
April 12, 2017 – The Loan Syndications and Trading Association is appealing directly to Treasury Secretary Steven Mnuchin to exempt collateralized loan obligation managers from rules requiring "skin in the game" of deals.
April 11, 2017 – Some are wording the language of amendments used to refinance deals so as to be able to benefit if risk retention rules are repealed.
April 9, 2017 – Global Index Group has developed a synthetic product that allows investors to go long or short a leading U.S. commercial real estate index, the NPI. CBRE Capital Advisors is the exclusive broker.
April 6, 2017 – Elevate Credit in Fort Worth, Texas, debuted Thursday at half the price the company had been targeting. Investors may have been spooked by the possibility of rising losses.
April 3, 2017 – New research from the New York Fed confirms a lingering concern: More prime-age, college-educated borrowers are delaying the decision to buy a home or make other purchases as they focus instead on paying off their student loans.
April 3, 2017 – Coordinators Synaps Loans, Credit Suisse and financial services consortium R3 say that the 90-minute "proof of concept" demonstrates that blockchain can be used for large-scale financial transactions.
Treasurer, Head of Asset Management
Firm: NewStar Financial
Owning may offer consumers more savings than leasing, but loans pose a different set of risks to investors when pooled into collateral for bonds.Current Issue