More Lenders Looking for a New LOS: QuestSoft Survey
HOLLYWOOD, Fla.–(BUSINESS WIRE)–According to a QuestSoft survey of 479 lenders nationwide, 17.75 percent of mortgage companies are actively considering a change to their loan origination software in the next 12 months.
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More Lenders Looking for a New LOS: QuestSoft Survey
First BanCorp Announces Loan Sale
SAN JUAN, Puerto Rico–(BUSINESS WIRE)–First BanCorp (the “Corporation”) [NYSE:FBP] announced today that, pursuant to the non-binding letter of intent announced on December 7, 2010, it has entered into a definitive agreement to sell a loan portfolio with an unpaid principal balance of $516.7 million and a net book value of $438.5 million, before the charge-off taken to properly record the loan pool as held for sale as of December 31, 2010. Such loan portfolio is 94% adversely classified. The si
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First BanCorp Announces Loan Sale
Fitch Rates Florida Municipal Loan Council’s Series 2010D Revs ‘A+’; Outlook Stable
NEW YORK–(BUSINESS WIRE)–Fitch Ratings assigns an ‘A+’ rating to the following Florida Municipal Loan Council (FMLC) revenue bonds: –$3.8 million, series 2010D. The bonds are expected to sell via negotiation the week of Aug. 9th. The Rating Outlook is Stable. RATING RATIONALE: –The rating is based on the security structure of the loan agreement providing for debt service payments as well as the general credit characteristics of the loan participant, the city of West Melbourne, Florida (the c
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Fitch Rates Florida Municipal Loan Council’s Series 2010D Revs ‘A+’; Outlook Stable
Fitch Rates Florida Municipal Loan Council’s Rev Bonds Series 2010C ‘A+’; Outlook Stable
NEW YORK–(BUSINESS WIRE)–Fitch Ratings assigns an ‘A+’ rating to the following Florida Municipal Loan Council’s revenue bonds: –$2.2 million, series 2010C. The bonds are expected to sell via negotiation the week of Aug. 9, 2010. The Rating Outlook is Stable. RATING RATIONALE: –The rating is based on the security structure of the loan agreement providing for debt service payments as well as the general credit characteristics of the loan participant, the city of Valparaiso, Florida (the city).
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Fitch Rates Florida Municipal Loan Council’s Rev Bonds Series 2010C ‘A+’; Outlook Stable
Nationwide Title Clearing’s Mobile Imaging Helps Mortgage Servicers When Assuming Loans Due to Seizure
PALM HARBOR, Fla.–(BUSINESS WIRE)–Nationwide Title Clearing’s Mobile Imaging Helps Mortgage Servicers When Assuming Loans Due to Seizure. Files are reviewed before the loan transfer is even complete.
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Nationwide Title Clearing’s Mobile Imaging Helps Mortgage Servicers When Assuming Loans Due to Seizure
NextEra Energy Resources Subsidiary Completes $78 Million Financing for Wind Projects
JUNO BEACH, Fla.–(BUSINESS WIRE)–Peace Garden Wind Funding, LLC, an indirect wholly owned subsidiary of NextEra Energy Resources, LLC, has entered into a $78 million variable rate term loan agreement with a maturity of approximately five years. Principal and interest on the loan are payable quarterly. Peace Garden Wind consists of approximately 170 megawatts of wind energy projects in North Dakota. NextEra Energy Resources intends to use the proceeds from the financing to reimburse, in part, c
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NextEra Energy Resources Subsidiary Completes $78 Million Financing for Wind Projects
SBA Business Recovery Centers Will Remain Open on Saturdays
ATLANTA–(BUSINESS WIRE)–U.S. Small Business Administration advises businesses affected by the Deepwater BP Oil Spill that all Florida Business Recovery Centers will remain open on Saturdays until further notice to assist them with completing their application and to answer any related questions they may have about the loan process. The Business Recovery Center hours are Monday – Saturday from 8 a.m. to 5 p.m., at the following locations: Bay County Panama City Beach Chamber of Commerce 309 Ric
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SBA Business Recovery Centers Will Remain Open on Saturdays
Perry Ellis International to Present at Barclay’s Capital High Yield Bond and Syndicated Loan Conference
MIAMI–(BUSINESS WIRE)–PERRY ELLIS INTERNATIONAL TO PRESENT AT BARCLAY’S CAPITAL HIGH YIELD BOND AND SYNDICATED LOAN CONFERENCE
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Perry Ellis International to Present at Barclay’s Capital High Yield Bond and Syndicated Loan Conference
Keshya Williams: Bank may be able to put lien on second property (St. Lucie News Tribune)
Dear Attorney Williams:I took out a loan with a small bank and used a piece of land I owned as collateral. That was about three years ago. When the recession broke a couple years back, I defaulted on the loan. The bank took my property and said its value wouldn’t cover the entire amount that I owe them because the land has lost some of its value.Now the bank is trying to put a lien on another …
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Keshya Williams: Bank may be able to put lien on second property (St. Lucie News Tribune)
Florida East Coast Industries Completes $460 Million Property Financing
CORAL GABLES, Fla.–(BUSINESS WIRE)–Florida East Coast Industries, Inc. (d/b/a Flagler) today announced that it has successfully closed a $460 million property financing related to 44 office and industrial properties and certain right-of-way assets. The lender on the transaction was Bank of America, N.A., which subsequently securitized the loan through Banc of America Securities LLC. The transaction represents the first new issue, non-government supported commercial real estate securitization i
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Florida East Coast Industries Completes $460 Million Property Financing
