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Latest Term Asset-Backed Securities Loan Facility Stories

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2009-07-09 07:18:25

Washington regulators have turned their attention back to a cornerstone of the financial crisis with a scaled down version of a program to buy toxic assets. There are, specifically, three approaches to unwinding the U.S. housing crisis in the works. The first is to have the Federal Reserve Bank purchase mortgage-backed securities from the nation's central mortgage brokers, Federal Home Loan Mortgage Corp. and the Federal National Mortgage Association, creating a demand that has helped lower...

2009-06-02 16:09:00

GREAT FALLS, Va., June 2 /PRNewswire/ -- Carillon Capital Partners, in conjunction with Thor Industries (NYSE: THO), is pleased to announce the launch of Thor CC, Inc., a wholly-owned captive finance company providing indirect financing for the purchase of new Thor and used recreation vehicles. The Company began taking loan applications from Thor dealers on June 2, 2009. Carillon served as a strategic advisor in many aspects of the development of Thor CC, Inc. and will manage the capital...

2009-05-18 06:30:00

DALLAS, May 18 /PRNewswire-FirstCall/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading provider of loyalty and marketing solutions derived from transaction-rich data, today announced that the Company has completed a new term financing facility of $134 million. (Logo: http://www.newscom.com/cgi-bin/prnh/20051024/ADSLOGO ) The new three-year, fully-funded facility, together with the Company's already existing revolver, increases the Company's corporate bank facilities to $884...

2009-04-14 09:37:00

DALLAS, April 14 /PRNewswire-FirstCall/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading provider of loyalty and marketing solutions derived from transaction-rich data, today announced that it has issued $709 million of term asset-backed securities to investors participating in the U.S. government's recently created TALF (Term Asset-Backed Securities Loan Facility) program, representing an increase in the size of the originally anticipated offering. The asset-backed securities...

2009-04-02 06:30:00

DALLAS, April 2 /PRNewswire-FirstCall/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading provider of loyalty and marketing solutions derived from transaction-rich data, today announced that its private label credit card banking subsidiary, World Financial Network National Bank, has completed a renewal of a $550 million conduit facility. (Logo: http://www.newscom.com/cgi-bin/prnh/20051024/ADSLOGO ) The facility, which funds both existing and new private label credit card...

2009-03-23 14:41:31

The U.S. Treasury unveiled its plan to free banks from frozen assets Monday, using a partnership with the private sector to give more clout to taxpayer dollars. In a White House briefing, U.S. Treasurer Tim Geithner said the key to the program was to balance risk between the government and the private sector and to use private investors to price toxic assets that have become frozen in the marketplace. The great risk we face now is that after a long period of ... excessive risk-taking, that...

2009-03-23 11:45:18

The U.S. Treasury unveiled its plan to free banks from frozen assets Monday, using a partnership with the private sector to give more clout to taxpayer dollars. The program is designed to develop funds to buy banks' loans and securities to jump-start lending, the Treasury said. To purchase loans stuck in a frozen securities market, the Federal Deposit Insurance Corp. will review assets banks want to sell and see how much funding the FDIC will guarantee, up to a 6-to-1 debt-to-equity ratio. At...

2009-03-23 06:33:02

U.S. Treasury Secretary Tim Geithner announced he will unveil the details of a public-private bank bailout strategy Monday. As mapped out in an opinion article in The Wall Street Journal, Geithner bills the Public-Private Investment Program as an opportunity for investors as much as a public burden, that will take a substantial share of real-estate related assets off bank ledger sheets and, it is hoped, free lending to consumers and businesses. The program will start with a $500 billion...

2009-03-21 07:50:03

The U.S. Treasury's plan to take toxic assets off the books of troubled banks relies heavily on private capital taking a role, sources say. Without naming sources, The Wall Street Journal reported Saturday that Treasury Secretary Timothy Geithner next week will unveil a three-pronged effort to deal with billions in non-trading assets, many of them mortgage-backed derivative securities, held by banks that have in effect paralyzed the nation's credit markets. The Journal said the Obama...

2009-03-20 18:45:00

President Barack Obama's chief liaison to distressed U.S. automakers said $21.6 billion in loans already requested may fall far short of the companies' needs. Funds needed to keep General Motors Corp. and Chrysler LLC afloat could be considerably higher, Steve Rattner said in a television interview, the Detroit Free Press reported Friday. What they've asked for depends on them achieving plans that are somewhat ambitious, Rattner said. Like all management teams they tend to take a reasonably,...


Word of the Day
sough
  • A murmuring sound; a rushing or whistling sound, like that of the wind; a deep sigh.
  • A gentle breeze; a waft; a breath.
  • Any rumor that engages general attention.
  • A cant or whining mode of speaking, especially in preaching or praying; the chant or recitative characteristic of the old Presbyterians in Scotland.
  • To make a rushing, whistling, or sighing sound; emit a hollow murmur; murmur or sigh like the wind.
  • To breathe in or as in sleep.
  • To utter in a whining or monotonous tone.
According to the OED, from the 16th century, this word is 'almost exclusively Scots and northern dialect until adopted in general literary use in the 19th.'
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