Hints and tips:
Related Special Reports
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...Mortgage issuance is going to be down when you double rates. Same thing with auto lending. The one shoe that hasn’t dropped yet are cap rates and debt yields on commercial real estate....
...The last time the industry saw such a big haul was in 2007 when John Paulson made about $15.6bn betting against subprime mortgages. It’s a huge feat for the soon-to-be Florida-based firm....
...The neobank posted its first annual profit last week fuelled by its move into the mortgage market....
...Finally, a Swedish robot company BonBot is now serving ice creams; plant-based meat start-up Heura raised new funding and Peter Thiel’s investment firm Mithril Capital has backed a new mortgage lender called...
...Athene’s explosive growth in recent years already makes it the principal source of funding for a sprawling investment empire....
...While Caillaux praised Greensill’s “fully integrated technology and funding solutions”, the group actually used little of its own tech to track the corporate bills it was financing....
...The Canadian asset manager Brookfield has also skipped payments on its shopping mall mortgages. But not everyone is licking their wounds....
...It has become a vital source of funding for heartland businesses that many banks now consider too difficult, or too risky, to touch....
...Those that really need the funding usually find it costs rather more than low base rates might suggest....
...The company recently raised $300m at a valuation of $3bn, in a funding round led by New York venture capital firm Thrive Capital....
...By 2016, SoFi was funding billions of dollars of loans a quarter, attracting huge slugs of equity funding from the likes of Japanese telecoms company SoftBank....
...During the financial crisis a decade ago, big banks were brought to their knees by reckless traders who made outsized bets on complex mortgage securities....
...During the financial crisis, Mr Menendez says, the agencies were a crucial source of funding for multi-family housing when commercial lenders retreated....
...Starting out with student loans, SoFi pushed into consumer loans, mortgages and wealth management, attracting huge slugs of equity funding from the likes of Japanese conglomerate SoftBank and private equity...
...The surge in consumer credit has been fostered by a benign economy, a decade of record-low interest rates and cheap funding from the Bank of England....
...By 2016, SoFi was funding billions of dollars of loans a quarter, attracting huge slugs of equity funding from the likes of Japanese telecoms company SoftBank and private equity group Silver Lake....
...Fintech groups are wooing away customers by providing tailored services such as alerts about switching to a lower-cost energy provider or faster access to investments and mortgages....
...A protégé of Hank Greenberg, who led AIG for nearly 40 years ending in 2005, Mr Duperreault went on to run industry stalwarts Ace and Marsh....
...Deutsche Bank, for example, worked on Funding Circle’s securitisation deal....
...Deutsche Bank assigned the mortgage to an entity called Aquila Alpha LLC in March of 2016, according to a foreclosure complaint filed on 4 Nov 2016....
...Kennedy School at Harvard University and managing principal of Broadmoor Consulting LLC. Lending Club’s Q3 2016 earnings call was a strange affair....
...As the Witkoff Group and Jynwel Capital were finalising the $660m purchase in 2013 of the Park Lane Hotel, a 47-storey high-rise along Central Park’s southern edge, the mortgage lender had a question....
...The loan carries an annual interest rate of 8 per cent and is secured by mortgages on 13 Sears properties....
...In September, Mr Mack participated in a $10m initial funding round for credit-rating start-up NEFT, or New England Funding Technologies....
International Edition