Hints and tips:
...Meanwhile, servicing Optima’s more than £1.7bn in total outstanding preference shares is becoming more costly....
...There were all kinds of proscriptions on funding and closing and servicing a loan, says Perl, but in the end it came down to this: “People have to be relatively reasonable about how they treat borrowers....
...The sale includes “Granite”, the £13bn securitised vehicle set up by Northern Rock, and the potential divestment of its mortgage servicing division....
...Departments said earlier this month that as things stood, the ruling “may adversely affect future voluntary sovereign debt restructurings, the stability of international financial markets and the repayment of loans...
...Apollo, like many of the big private equity groups eyeing Dublin, has hired local advisers such as Brian Goggin, the former chief executive of Bank of Ireland, and is building up local servicing companies...
...While the bond has not reached final maturity, the loan has been in default on a loan-to-value basis since 2008....
...The debt is valued at about £535m and has moved into so-called special servicing, overseen by Morgan Stanley. The debt comprises a £429m securitised element and a £105m junior loan....
...“We’re really having to explain a loan to customers, and explain why it makes sense.”...
...Countrywide’s servicing failures, including insufficient record keeping, may open the door for investors to seek repurchases by bypassing the trustee, said Kathy Patrick, their lawyer at Gibbs & Bruns LLP...
...CB Richard Ellis Loan Servicing, which is acting on behalf of the bondholders of the securitised debt, said that eight of the nine properties could be sold for as much as £800m, including offices such as...
...Loan servicing must conform to either the Home Affordable Modification Program (HAMP) guidelines or FDIC’s loan modification program....
...Some municipalities, including Baltimore and Cleveland, have filed suits against firms involved in the origination, servicing and securitisation of subprime mortgages....
...Bad debts from loans to non-listed commercial and residential developers could increase as much as 50 per cent over this year as property markets continue to struggle, according to property consultants EC...
...Goldman Sachs bought Litton Loan Servicing in December to help it find distressed mortgages to buy and restructure....
...“It is a dangerous combination if a company’s sales and profits fall at the same time as debt servicing costs rise,” he said....
...When looking at investment vehicles, an investor needs to have the comfort of knowing how it will drive, how often it needs servicing and what its special features are....
...Under its new ownership, Capmark, which has a $276bn mortgage servicing portfolio, has raised $10.75bn in loans from a syndicate of banks Fitch, a ratings agency, rated it at investment-grade BBB level....
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