Hints and tips:
...Moody’s analysts have warned that by year’s end, more than half of single-B minus rated US companies will not be generating enough cash to cover their capital expenditure while servicing their debt....
...At some point, these companies won’t be able to keep servicing their debts. Base rate + 800 bps is a lot easier to handle when rates are near zero than at 4-6 per cent....
...At some point, these companies won’t be able to keep servicing their debts....
...The cost of servicing £350m of new debt, raised in October with a record 9.5 per cent coupon, means Metro is not expected to return to profit until 2021....
...Sabadell said it would keep its real estate servicing arm and hold a 20 per cent stake in the property assets, which had a gross book value of about €9.1bn, with the rest owned by Cerberus....
...For such investors, servicing platforms provide a window into transactions across a national market for non-performing loans, which complements potential purchases of loans and real estate....
...The sales of whole loans and interests in whole loans, and the servicing and management fees charged were on terms and conditions that were not more favorable than those obtained by other third-party investors...
...RCO priced a $43m floating rate bond backed by loans originated by Citadel Servicing Corporation, in which investors are protected from the first 23 per cent of losses....
...costs and debt servicing capacity is assigned....
...Last February, for example, it began a public correspondence with Ocwen Financial, the non-bank mortgage servicing company which was rapidly picking up assets from the banks, detailing concerns over its...
...In recent years it has been a buyer of competitors, including Homeward Residential Holdings, Litton Loan Servicing, and ResCap’s servicing business....
...pools and the servicing of the loans....
...The investors’ concerns centre on mortgage servicing practices and loan modifications that they claim may have hurt the performance of securities bought by investors, said people familiar with the discussions...
...It follows concerns over the company’s ability to handle more loans, a person familiar with the matter said....
...Through acquiring the loan servicing platforms, private equity investors are also looking to purchase the assets those units manage, and in some cases the right to buy or manage future repossessed property...
...(Bloomberg) Schäuble flies to Athens with SME loans: The German finance minister travels to Athens today where he will offer €100m ($132m) in loans to small and medium-sized businesses through state-owned...
...Meanwhile, the BOK made clear just a couple of weeks ago it was worried about deteriorating debt servicing capacity....
...Next, as Capital Economics said in a note on Wednesday, the new bonds are more expensive than the IMF loans they replace, so debt servicing costs will rise....
...It is the latest deal for Ocwen this year following the acquisition of servicing companies including Litton Loan Servicing from Goldman Sachs and Saxon Mortgage Servicers from Morgan Stanley....
...To some extent, such bilateral grants, loans and deposits are likely to be tied to a future IMF program....
...“This trend will continue as the US government works to reduce its exposure to future mortgage loan losses.”...
...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...
...Bank of America plans to sell another $100bn of mortgage servicing rights in the next few weeks....
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