Author: badmortgage
Title insurance giant First American Financial Corp. has filed a federal lawsuit against embattled reverse mortgage servicer Novad Management Consulting LLC, alleging breach of contract while seeking to recoup more than $1.6 million in unpaid fees plus interest. First American and an affiliated mortgage services provider, First American Mortgage Solutions LLC, filed the complaint in the southern division of the U.S. District Court for the District of Maryland on March 30, requesting that the court issue a writ of attachment that would effectively freeze Novad’s bank accounts and assets pending ongoing arbitration. Alternatively, the plaintiffs seek injunctive relief against Novad…
BV Financial, Inc. BVFL has been upgraded to an “Outperform” rating from “Neutral,” reflecting improving credit trends, a solid capital base and continued expansion in its core lending operations. The upgrade signals growing confidence in the company’s ability to deliver stable earnings, although certain structural risks remain. BV Financial has shown clear improvement in asset quality, with non-performing assets declining to 0.25% of total assets in 2025 from 0.46% in 2024. This reflects better loan performance and effective resolution of stressed assets. Lower delinquencies and reduced classified loans also indicate disciplined underwriting and monitoring, which should help limit future credit…
DES MOINES, Iowa (IOWA CAPITAL DISPATCH) – Iowa State University, alongside cooperatives and businesses throughout Iowa, have received federal funding to support agriculture and manufacturing, economic development and renewable fuel sales.U.S. Department of Agriculture Rural Development will provide a total of $11.5 million in grants and loans to 13 projects across the state, according to a news release. Mike Sexton, Iowa state director for the rural development agency, said in the release recipients will use the funding to “advance economic development, promote value-added agricultural enterprises, support manufacturing and expand the sale of renewable fuel in Iowa.”ISU’s agriculture marketing resource center…
Experian has launched a self-service digital onboarding platform designed to provide small-volume U.S. lenders with streamlined access to consumer credit reports. The new Experian Express enables small lenders such as community banks and credit unions to digitally credential, onboard and access these credit reports through a fully online process, the global data and technology company said in a Tuesday (April 7) press release. The platform allows quicker and more efficient access to Experian credit data for lenders that have lower-volume credit report access needs, according to the release. “Small lenders play a vital role in expanding consumer access to credit,”…
Royal Bank of Canada is leading a $1.1 billion loan financing to support the takeover of nuclear services company EnergySolutions LLC by buyout firm Energy Capital Partners LLC.
Retail mortgage lender Rate is welcoming a new president of consumer lending to help the company further expand beyond mortgage.Processing ContentAdam Boyd, a veteran financial services executive with more than 25 years of experience building and scaling consumer lending businesses, will head the growth of Rate’s consumer lending platform, the lender said in a press release Tuesday. Boyd will also lead the extension of Rate’s consumer lending products and services past mortgage, creating a broader consumer lending ecosystem to better meet customer needs, it said.”Adam is a proven operator and a builder,” said Victor Ciardelli, CEO of Rate, in the…
Is this a government U-turn after all the controversy?No, not really – this is more to do with addressing fears that the Iran war will push up inflation, which could make student loans even more expensive (and generate more bad headlines for ministers).The government is capping the interest rate on plan 2 loans at 6% from 1 September, “for the 2026-27 academic year” (and possibly beyond).This new cap will also apply to postgraduate – plan 3 – loans (those taken out for master’s or doctoral courses by borrowers in England and Wales).“This measure will protect students and graduates in England and…
Before you apply for a home loan, make sure you know what today’s mortgage interest rates look like. jayk7/Getty Images Several recent economic challenges, including the ongoing conflict in Iran, have sent shockwaves through financial markets, and the mortgage rate environment is still sorting through the fallout. The 30-year mortgage rate has held firm above 6% to start the week, even as bond markets have swung sharply in response to mounting trade war concerns. That kind of volatility tends to make lenders cautious, and cautious lenders rarely pass savings along to borrowers — at least not right away.Still, there’s a…
New revolving facilities secured by consumer receivables provide enhanced funding flexibility and support the Company’s origination growth strategy CHICAGO, April 7, 2026 /PRNewswire/ — Braviant Holdings, LLC (“Braviant” or the “Company”), a technology-driven consumer lending platform serving non-prime borrowers, today announced the recent closing of two revolving asset-backed credit facilities totaling approximately $145 million in committed capacity. Both facilities are secured by the Company’s consumer loan receivables and provide revolving availability to fund new consumer loan participations on an ongoing basis. Braviant closes two revolving asset-backed credit facilities and forward flow facility The revolving credit facilities offer two-year revolving periods,…
Chamonix Partners Capital Management has completed its first project finance collateralized loan obligation, Chamonix Infrastructure Funding I, LLC, a $304 million transaction backed by a diversified pool of infrastructure loans, originated by Natixis Corporate & Investment Banking, primarily sourced from emerging markets. The CLO was structured through a special purpose vehicle designed to acquire the underlying assets …