JPY23.0 billion in Debt Securities affected
Tokyo, January 19, 2015 — Moodys SF Japan KK has assigned provisional ratings to
MMC Diamond Finance Auto Credit Trust Series 14, backed by auto
loan receivables originated by MMC Diamond Finance Corporation.
The ratings address the expected loss posed to investors by the final
maturity date. The structure allows for timely payments of interest
(dividend) and ultimate payment of principal by the final maturity date.
Moodys issues provisional ratings in advance of the final sale of securities.
These ratings, however, represent Moodys preliminary credit
Capital One (NYSE:COF) has stood out to me for a while as an undervalued, well-positioned, well-managed bank. While the discount has never been great enough for the common shares to meet my quite demanding hurdle rate, Ive been a fan of the warrants, as they continue to trade with essentially no time premium (likely due to lack of enough liquidity for institutional buyers).
The recent sell-off once again brings the warrants (COF/WS) to a very attractive level, so I bought some more this morning. As a quick review of valuation, the stock is currently trading inexpensively – just below book, and 10.5x earnings – both of which seem too low given Capital Ones growth prospects...
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NEW YORK (TheStreet) — Partner Communications
(PTNR – Get Report) has been downgraded by TheStreet Ratings from Hold to Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
We rate PARTNER COMMUNICATIONS CO (PTNR)...
Account Control Technology, Inc. (ACT), a national leader in delivering debt management and recovery solutions, is pleased to announce that Michael Matkowsky has joined the company as Regional Account Executive. With more than 18 years of experience in client services, Matkowsky will serve educational institutions throughout the eastern United States.
Police believe this couple broke into a vehicle parked at the Canton YMCA parking lot, stole a credit card and used it to purchase $397.48 in gift cards at a nearby Target.
Special to the Tribune
About Walter Investment Management
Walter Investment Management is a fee-based services provider to the residential mortgage industry. The company focuses primarily on providing servicing for credit-sensitive forward mortgage loans and for reverse mortgage loans. Walter’s servicing portfolio has significantly expanded, as it acquired many servicing assets in 2013. As of September 30, 2014, Walter serviced ~$2.3 million mortgage loans with ~$247.0 billion in unpaid principal balance (or UPB).
The company operates in six segments:
- reverse mortgage
- asset receivable management
Assemblyman Steve Hawley (R,C,I-Batavia) announced that interest-free loans have become available for certain municipalities to make improvements to their wastewater infrastructure systems. The availability of this cheaper funding for up to 30 years means smaller governments and towns in the district may now have the financial means to upgrade their infrastructure.
I am excited about the availability of these new zero-percent loans, Hawley said. This is a case where a decision has the potential to positively impact communities and residents at the local level. Many local governments in my district struggle to keep taxes low and finance community projects due to costly...
The Commonwealth Secretariats upgraded software for managing public debt is a powerful and invaluable tool for many countries, Deodat Maharaj, Deputy Secretary-General of the Commonwealth, has said.
Mr Maharaj was speaking at the launch of the Train the Trainer Workshop for the Commonwealth Secretariats Debt Recording and Management System (CS-DRMS) 2.0, which was released in 2014.
CS-DRMS is used by over 100 agencies including Ministries of Finance, Treasuries and central banks, and is in operation in 60 countries -15 outside the Commonwealth.
The system, which manages a global portfolio of more than USD 2.5 trillion of public debt, is part of a flagship...
Over the last decade, reverse mortgages have been aggressively pitched in TV ads as an easy way for seniors to cash in their home equity to pay for living expenses. However, for many, improper use of the product — such as pulling all their cash out at one time — has led to significant financial problems later, including foreclosure.
In actuality, there are some cases where reverse mortgages can be helpful to borrowers. However, its essential to do extensive research on these products before you sign.
Reverse mortgages are special kinds of home loans that let borrowers convert some of their home equity into cash. They come in three varieties:
A potential problem facing homeowners who have signed up for a reverse mortgage has still not been corrected. Congressional leaders are now trying to solve the problem.
A group of 17 members of Congress sent a letter to Department of Housing and Urban Development (HUD) Secretary Julian Castro calling for more foreclosure protections for Home Equity Conversion Mortgage (reverse mortgage) borrowers spouses, it was reported by Mortgage Servicing News.
Led by Rep. John Lewis, the group wants Castro to direct HUD and the Federal Housing Administration to extend to all HECM-borrower spouses the protections that were recently offered to surviving spouses of HECM borrowers whose loans...