Search for: "Securitized Asset Backed Receivables LLC"
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17 Sep 2021, 1:19 pm
District Court for the Southern District of Florida granted the SEC’s emergency motion two days after filing, freezing all of Garcia’s assets and putting in place a receiver. [read post]
4 Mar 2020, 5:52 am
Dimengo is Managing Partner of Buckingham, Doolittle & Burroughs, LLC. [read post]
15 Aug 2019, 11:24 pm
It also ended Wall Street's appetite for Marblehead SLABS (Student Loan Asset Backed Securities). [read post]
29 Nov 2018, 11:58 am
Unlike with securitized mortgages, there were no homes as secured real assets to foreclose on, leaving collection lawsuits against borrowers and cosigners, followed by execution on nonexempt assets and garnishment, as forcible collection tools. [read post]
5 Nov 2018, 3:32 pm
In its opinion, the court equated the securitization Trust with the lender and referred to it as such. [read post]
2 Nov 2018, 3:00 pm
., OWS Credit Opportunity I, LLC, One William Street Capital Master Fund, Ltd., Waterfall Asset Management, LLC., D.I. 91; Declaration of Andrew D. [read post]
9 Aug 2018, 6:21 pm
And she asserts that the prospectuses for these asset-backed securities cautioned investors that, pursuant to Bankruptcy Code Section 523(a)(8), "only private loans made for qualified expenses were excepted from discharge. [read post]
17 Dec 2017, 3:28 pm
The account ended up being owned by FIA Card Services, a wholly owned subsidiary of Bank of America Corporation, and the transfer transaction was in the nature of a merger, not an asset sale to a third-party national bank.BANK OF AMERICA - FIA CARD SERVICES N.A.MERGER HISTORYWhile the sale to Midland Funding, LLC was an asset sale (portfolio sale), the transfer of the credit card account to FIA was not, at least not to an unrelated third-party. [read post]
5 Nov 2017, 6:02 am
Even assuming that national banks would scale back their lending as a result of Madden v. [read post]
5 Nov 2017, 6:02 am
Even assuming that national banks would scale back their lending as a result of Madden v. [read post]
5 Oct 2017, 5:20 pm
Upon closing of the securitization transaction the First Marblehead Corp. would then skim off more than 8% as its “structural advisory fee”.This was possible because the Trusts formed by FMC through the Funding LLC as depositor sold securities far in excess of the value of the pooled loans to be acquired with the proceeds. [read post]
NCSLT Litigation Moratorium? – Expect confusion, inconsistent implementation, and need for follow-up
22 Sep 2017, 2:27 pm
But even if there were no question as to reliability of payment histories extracted from the servicer’s account management system, different jurisdiction may have different rules regarding the accrual-of-claim date for limitations purposes (Does the breach/default occur when the first monthly installment payment is not made, or is it based on the last payment that was received and credited? [read post]
17 Sep 2017, 7:30 pm
At the closing of the NCSLT 2007-4 securitization, First Marblehead expects to receive up-front structural advisory fees of approximately $88.5 million, or 8.7% of the total private student loan balance securitized. [read post]
22 Aug 2017, 9:10 am
Each trust is not an operating business, but mere a special legal entity created for securitization purposes, i.e. for selling bonds to investors, with the packages of student loans transferred to it – the trust assets - constituting the collateral and yielding proceeds [or expected to yield proceeds] for distribution to the bond-holders once the student loans would enter the repayment period after the student-borrowers’ graduation. [read post]
22 Feb 2016, 4:36 pm
The Act has two basic objectives: To ensure that potential investors receive the relevant financial, and all other significant information concerning securities being offered for public sale, and To prohibit deceit, misrepresentations, and other fraud in the sale of securities.1 In order to achieve these stated objectives, the Act requires the registration of companies’ securities. [read post]
4 Jun 2015, 11:30 am
Stone was Managing Director and head of the Mortgage and Asset-Backed Group at Prudential Bache. [read post]
4 Jun 2015, 11:30 am
Stone was Managing Director and head of the Mortgage and Asset-Backed Group at Prudential Bache. [read post]
5 Jan 2015, 4:00 am
CMBS loans (loans that will be packaged with similar loans and securitized as commercial mortgage backed securities) continue to be popular despite their rigid structure and higher costs. [read post]
19 Jan 2014, 9:01 pm
They will continue to receive concessions as landlords compete to increase their properties' net operating income. [read post]
18 Jun 2012, 5:28 am
The order issued by the court stops the allegedly illegal conduct, freezes the operation’s assets, and appoints a receiver to run the business while the FTC moves forward with the case. [read post]
