The lower the ratio of funds borrowed to assets owned, the greater the amount of “equity cushion” that exists as a buffer between the value of the lender’s invested capital and the market value of the assets. The higher the equity, the lower the leverage, and the better the likelihood...
Full year net revenues of $3.0 billion increased 18 percent year-over-year. This increase was primarily driven by an increase in non-interest income, which increased 32 percent year-over-year to $2.1 billion, primarily driven by lower fair value losses on guarantee assets as a ...
shell corporation, shell entity - a company that is incorporated but has no assets or operations FDIC, Federal Deposit Insurance Corporation - a federally sponsored corporation that insures accounts in national banks and other qualified institutions Federal Home Loan Mortgage Corporation, FHLMC, Freddie...
Non-interest income was $751 million, up $442 million year-over-year driven by higher guarantee income and higher investment gains. Guarantee income increased primarily due to lower fair value losses on guarantee assets as a result of smaller interest rate increases. Net investment gai...
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Controls can become a blind spot for management. Overreliance on controls may lead to relaxation in supervision and allow manipulation of accounts and assets. Employees tend to follow the letter of rules, not the intent, so management needs to check in regularly on how controls are ...
“JLL is incredibly excited to provide this forward for permanent financing through Freddie Mac,” said C. W. Early, Senior Managing Director of Affordable Housing at JLL. “The mix of a new energy-efficient residence in a mixed-use community with st...
Recapitalizations, including Assets-Over Mergers Featured Deals Apartment Portfolio Sale Sale of portfolio of four mixed-use properties in Denver, Colorado and Seattle, Washington consisting of 1,380 apartment units and over 70,000 square feet of retail space. ...
aDynex Capital, Inc. is an internally managed mortgage real estate investment trust, or mortgage REIT, which invests in mortgage assets on a leveraged basis.The company was formed in 1987 and commenced operations in 1988. Beginning with the inception through 2000, the operations largely consisted ...
“Indeed, BofA believes that there were improper diversions of Ocala loans and assets from TBW to Freddie Mac, and Ocala may have valid ownership claims with respect to a substantial portion of assets that relate to Freddie Mac. “Accordingly, there can be little doubt that BofA, in its...