Blackstone to sell bonds backed by lease payments

Blackstone is preparing to sell $500 million in rent-backed securities. These bonds will be similar to mortgage-backed securities, which played the leading role in the financial crisis.

Jan. 11, 2017 /PRNewswire/ — McClatchy (NYSE: MNI) ("McClatchy" or "the company") announced that it has entered into separate agreements to sell and lease back real property owned. with initial.

Breaking News – NARSE – Sears mulls closing another 50-80 stores – CNBC By Stephen Alpher Seeking Alpha December 21, 2018 When the company filed for bankruptcy two months ago, it had just under 700 stores and said it was planning on shuttering 142 of them.

More than 28% of US homeowners underwater on their mortgage RealtyTrac: 3.8m Homes to Receive Foreclosure Filing in 2010 These have outnumbered the 1.24m foreclosures completed in the same period, according to the report, which bases those numbers off data from RealtyTrac. But more work is still on the way. Rick Sharga, senior vice president at RealtyTrac said 3.8m households could receive a foreclosure filing by the end of 2010.Florida single-family home prices up 14% over last year Orlando’s housing market continues to see across-the-board increases in median prices, with each sales type and each home type recording positive year-to-year comparisons in May. The overall median price for the month of May is $165,000, a 13.68 percent increase over the May 2013 median price of $145,148.

In 2008 the Northern Rock bank was nationalised by the British Labour Government, due to financial problems caused by the subprime mortgage crisis.In 2010 the bank was split into two parts (assets and banking) to aid the eventual sale of the bank back to the private sector.On 14 September 2007, the Bank sought and received a liquidity support facility from the Bank of England, as a result of.

Worst delinquency rates this century. Auto loans to customers with subprime credit ratings – FICO scores below 620 – are risky affairs. But during good times and endless cheap money, the high interest rates that can be extracted from car buyers who think they have no other options are just too tempting.

Former MBA Chairman David Kittle joins ComplianceEase "The MBA at times has been too political in the past few years, instead of focusing on policy decisions all the time," said David Kittle, president of The Mortgage Collaborative, a consortium of independent mortgage bankers. "It got too political around elections and everything else."

The lid on the bond plans came off Thursday, a day after Schaaf, Reid and an unidentified "key executive" of the investment banking/private equity/financial services firm Blackstone. could issue.

Amendment to Eliminate HVCC Still Alive in Financial Reform Bill 30-year, fixed-rate mortgage finishes year near record lows morning minute: 30-year, fixed-rate mortgage finishes year. – Freddie mac reports today that mortgage rates finished the year near record lows, helping to keep homebuyer affordability high. A 30-year fixed-rate mortgage (frm) averaged 3.35 percent, while the 15-year FRM averaged 2.65 percent. Last year the 30-year FRM averaged 3.95 [.]Investigations of Mortgage Security Fraud Widen – David Herszenhorn reports at the New York Times that efforts have been unsuccessful to remove Sen. Blanche Lincoln’s amendment from the financial. says that the financial reform bill may be.

In November, after many months of hype, Blackstone released history’s first rated bond backed by securitized rental payments. And once investors tripped over themselves in a rush to get it, Blackstone’s competitors announced that they, too, would develop similar securities as soon as possible.

Blackstone Tries Bond Backed by Home-Rental Income – WSJ – Blackstone Group LP is selling the first bond backed by rental income from single-family homes, testing the waters for a new security that highlights the role of large investors in the U.S.

A leaseback is an agreement where an asset’s seller leases back the asset from the purchaser. In a leaseback arrangement, the details of the arrangement, such as the lease payments and lease.

30-year, fixed-rate mortgage finishes year near record lows Morning Minute: 30-year, fixed-rate mortgage finishes year. – Freddie mac reports today that mortgage rates finished the year near record lows, helping to keep homebuyer affordability high. A 30-year fixed-rate mortgage (frm) averaged 3.35 percent, while the 15-year FRM averaged 2.65 percent. Last year the 30-year FRM averaged 3.95 [.]FHFA delays principal reduction ruling "FHFA has received substantial criticism, both before and since I became the Director, for not allowing the Enterprises to offer principal reduction as a part of our loss mitigation strategy.