The Federal Housing Finance Agency (FHFA) today released a report on non-performing loans (NPLs) sold by by Fannie Mae and Freddie Mac (the Enterprises) through the first half of 2024. The Enterprise Non-Performing Loan Sales Report also provides information about how NPL sales through December 31, 2023, led to better outcomes for borrowers. Since the … Read more
Reduces Interest Rate Margins by 50 Basis Points PITTSBURGH, Dec. 17, 2024 /PRNewswire/ — Koppers Holdings Inc. (NYSE: KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that the company successfully completed the repricing of its seven-year $495 million senior secured Term Loan B (TLB) due April … Read more
On Monday, the U.S. Department of Energy (DOE) finalized a $9.63 billion loan to BlueOval SK, a joint venture between Ford and South Korean battery maker SK On. This loan, reportedly the largest ever from the government’s Advanced Technology Vehicles Manufacturing Loan Program, surpasses the initial $9.2 billion commitment made in June 2023. These funds … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Barclays has said it plans to appeal after losing a court case over car loan commissions that threatens to open the door to billions of pounds of compensation claims against British banks. Shares in Barclays … Read more
The analysis was of 39 U.S. banks. Stephen Lynch, vice president and senior credit officer at Moody’s Ratings, tells GlobeSt.com that the firm examined about 65 rated banks in the first round of the reporting, however, only 39 banks disclosed data. The banks did not generally disclose the number of loans they had. “When it … Read more
WEST PALM BEACH, FLORIDA – NOVEMBER 06: Republican presidential nominee, former U.S. President … [+] Donald Trump arrives to speak during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida. Americans cast their ballots today in the presidential race between Republican nominee former President Donald … Read more
Petersburg is working to pass more regulations on potentially predatory short-term loan establishments in the city, including payday loan businesses. On Dec. 17, Petersburg’s city council will hold a public hearing for and vote on an ordinance from the Petersburg Planning Commission that would help regulate “alternative financial institutions, short-term loan establishments and small box … Read more
BlueOval SK. The US government has given its final approval for a multi-billion-dollar low-cost loan to BlueOval SK LLC, the US-based electric vehicle (EV) battery manufacturing joint venture between South Korea’s SK On Company and Ford Motor Company, to help fund the construction of battery manufacturing capacity in the country. The outgoing Biden administration finally … Read more
The Transactions Contemplated by the Agreement Would (a) Reduce the Company’s Current Outstanding Debt Obligations from an aggregate principal amount of $231 Million to, collectively, (i) an up to $110 Million Term Loan, (ii) an up to $50 Million Non-Interest Bearing Exit Fee and (iii) a $12.5 Million Super Senior Credit Facility, (b) Decrease the … Read more
1979 was a critical year for the economic, political, and diplomatic development between China and Japan. During his visit to China, then-Japanese Prime Minister Masayoshi Ōhira explicitly stated that Japan would support China’s reform and opening-up efforts. Subsequently, Japan formally began providing government development loans to China, primarily in yen. In December 2007, China and … Read more