‘I see legal finance moving into ubiquity,’ says litigation funding company co-COO
ABA Journal Daily News
ABA Journal Daily News
ABA Journal Daily News
ABA Journal Daily News
Fitch Ratings has revised the outlook on Bank of Cyprus' long-term issuer default rating to positive from stable after its deal to offload mortgage-related toxic loans. Fitch has also affirmed the bank's long-term IDR at B- and viability rating at b-, following BoC's agreement of securitising a portfolio of 2.8 billion of gross loans, including […]
ABA Journal Daily News
Stepping up foreclosure prevention efforts in New Jersey, the Murphy Administration unveiled a new housing counseling initiative, which will work with and enhance New Jersey's existing court mediation program, and is aimed at helping up to 2,000 threatened homeowners, Lt. Gov. Sheila Y. Oliver announced Aug. 14 in a release. Foreclosure News
ABA Journal Daily News
Moody's ratings agency says Cyprus' new securitisation framework will create a secondary market for loans, which in turn will support the reduction of Cypriot financial institutions' stock of nonperforming loans . However, the agency was uneasy about the full the extent of powers afforded the Central Bank of Cyprus in this process. Foreclosure News
Georgia's Department of Banking and Finance issued a final rulemaking on June 27, 2018, requiring loan or finance companies to maintain an anti-money laundering program and updating various regulations to follow federal guidance issued by the Consumer Financial Protection Bureau. Licensees under the Georgia Residential Mortgage Act are affected by the new rules. Foreclosure News
ABA Journal Daily News