Securitization was comprised entirely of mortgage loans originated by Change Lending, a Community Development Financial Institution (CDFI) certified by the United States Department of the Treasury CDFI Fund. The loan portfolio consists of $201 million of prime residential mortgages with a weighted average LTV of 56%, FICO of 728 and […]
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Bank debt buyers perk up, but not for Twitter financing
Emerging from a near freeze, most banks holding acquisition debt are seeing prices pickup, with buyers emerging. But that’s not the case for the banks that financed Elon Musk’s $44 billion purchase of Twitter. Why it matters: The six banks holding onto $13 billion of Musk’s Twitter financing face a […]
BlockFi Reveals $680 Million Of Bad Loans To Alameda Were Behind Bankruptcy Filing
BlockFi representative blames Alameda default for bankruptcy filing. getty A BlockFi representative laid the blame for the crypto lender’s bankruptcy filing Monday squarely on FTX Trading, whose Alameda Research affiliate defaulted on $680 million of collateralized loans to the digital financing platform. BlockFi also sued a company controlled by FTX […]
Jumbo Loan Refinances: A Complete Guide
Refinance Jumbo Loan Requirements Lenders that offer jumbo mortgage refinances have stricter requirements compared to conventional, FHA or VA loans. Thoroughly consider the following requirements before applying for a jumbo loan refinance. Credit Score Your credit score is a three-digit number that shows how successfully you handle debt, both currently […]