AM Best Keeps Randall & Quilter America Holdings Inc. Credit Ratings Under Review
AM Best has decided to maintain the under review with developing implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) for Accredited Specialty Insurance Company (based in Gilbert, AZ), Accredited…
Gantry Anticipates Stronger Q2 2024 Commercial Mortgage Production
Gantry, the largest independent commercial mortgage banking firm in the U.S., has reported a steady and improving pace for commercial mortgage production in the first quarter of 2024. As the market adjusts to a higher rate environment and timely maturities…
BRA Unveils Latest Research: Insights into CMBS Loan Performance Trends for April 2024
KBRA Publishes Report on U.S. CMBS Loan Performance Trends for April 2024 KBRA has released a comprehensive analysis of the U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed during the April 2024 servicer reporting period. The report highlights key…
Jennifer Edwards of loanDepot Recognized as a Rising Star by HousingWire for 2024
Jennifer Edwards, Senior Vice President of Accounting Systems at loanDepot, Inc. (NYSE: LDI), a leading provider of home lending solutions, has been honored with HousingWire’s Rising Star award. This prestigious accolade recognizes leaders under the age of 40 who demonstrate…
AM Best Maintains Credit Ratings for SiriusPoint Ltd. and Its Subsidiaries
AM Best has reaffirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) for the rated operating subsidiaries of SiriusPoint Ltd. (SiriusPoint) (Bermuda) [NYSE: SPNT]. Additionally, the Long-Term ICR of…
Victor Mansur Named Chief Financial Officer of XP, Effective August 1, 2024
Mansur, currently serving as XP’s Deputy CFO, is a seasoned industry professional with over twenty years of expertise spanning treasury, trading, structuring, and sales. Following the transition, outgoing CFO Bruno Constantino will assume an advisory position for a 12-month period…
Alipay+ Expands Global Digital Payment in Hong Kong
To bolster Hong Kong’s ambitious tourism and commerce initiatives, Alipay+ has expanded its services to allow users of 14 prominent overseas mobile wallets and bank apps from 9 countries and regions to conduct seamless payments within Hong Kong using their…
Pinnacle Bank Reports First Quarter 2024 Earnings
Pinnacle Bank, headquartered in Gilroy, California, announced today unaudited net income for the three months ended March 31, 2024 of $2,453,000, compared to net income of $2,723,000 for the same period in 2023. The decrease in net income from the…
KBRA Provides Commentary on Amendment to Moment Technologies Trust 2023-1
A home improvement loan ABS transaction underwent an amendment permitting the inclusion of approximately $8.09 million in additional collateral (“Additional Collateral”) into the Trust. Momnt Technologies Inc. (“Momnt” or the “Company”), established in 2019 and headquartered in Atlanta, GA, is…
Monthly Distribution Declared by BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) has declared a distribution of $0.035 per share of common stock, scheduled to be paid on May 23, 2024, to shareholders of record as of the close…
OP Bancorp announces a net income of $5.2 million and diluted earnings per share of $0.34 for the first quarter of 2024
2024 First Quarter Highlights compared with 2023 Fourth Quarter: ___________________________________________________________ (1) Annualized.(2) Includes loans held for sale.(3) Includes special mention, substandard, doubtful, and loss categories. April 25, 2024 04:45 PM Eastern Daylight Time LOS ANGELES–(BUSINESS WIRE)–OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding…
The Revival of the Puerto Rico Financial Services Forum: Leading the Way in International Banking and Insurance Hubs
The upcoming fourth edition of the Puerto Rico Financial Services Forum (FSF), recognized as the premier international financial and insurance conference in Puerto Rico, is set to take place on October 21 and 22, 2024, in San Juan. Bringing together…