Wells Fargo Reaches $591MM Agreement With Fannie Mae
Fannie Mae said it has reached a $591 million agreement with Wells Fargo to resolve repurchase requests on certain loans originated prior to 2009.
Fannie Mae said it has reached a $591 million agreement with Wells Fargo to resolve repurchase requests on certain loans originated prior to 2009.
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Babson Capital Management was named as one of the best places to work in money management in an annual ranking by Pensions & Investments magazine, based on a survey of employees.
Fitch Ratings has affirmed its ‘CCC’ Long-term Issuer Default Rating on RadioShack. Fitch also assigned ratings to the company’s new credit facilities.
Dejour Energy announced it renewed its $3.5 million facility with Canadian Western Bank.
The Federal Reserve said it will reduce its monthly bond buying purchases by $10 billion beginning in January and will keep the target range for the federal funds rate at 0 to 0.25%
Commercial Funding Partners recently secured a $5 million SBA loan for a west coast industrial firm as part of larger $14 million plan set forth by the company to improve operations and double their customer capacity.
Bloomberg reported that credit quality for U.S. companies is showing signs of weakening as issuers borrow unprecedented amounts of money to expand and reward shareholders.
TIER announced it closed a revolver secured by six assets and has an initial commitment of $260 million. KeyBanc Capital Markets and J.P. Morgan Securities were the co-lead arrangers and bookrunners.
Goldman Sachs MLP Income Opportunities Fund announced it closed its $395 million committed line of credit with a major U.S. financial institution.