Category: Business

Business News from around the world.

KBRA Assigns Preliminary Ratings to Benchmark 2022-B32

NEW YORK–(BUSINESS WIRE)–#KBRA–KBRA is pleased to announce the assignment of preliminary ratings to 20 classes of Benchmark 2022-B32, a $1.8 billion CMBS conduit transaction collateralized by 47 commercial mortgage loans secured by 171 properties. The collateral properties are located throughout 45 MSAs, of which the three largest are Washington–NoVA–MD (9.2%), Chicago (7.7%), and Detroit (7.1%). …

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Piper Sandler Companies to Hold Management Conference Call to Discuss Fourth Quarter and Full Year 2021 Results

MINNEAPOLIS–(BUSINESS WIRE)–Piper Sandler Companies (NYSE: PIPR), a leading investment bank, will release its fourth quarter and full year 2021 financial results prior to the opening of the market on Thursday, February 10, 2022. The earnings release will be available at the company’s website at www.pipersandler.com. The company will hold a conference call at 9 a.m. …

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OFS Credit Company Announces Results of Stockholder Elections for the Distribution for the Quarter Ending January 31, 2022

CHICAGO–(BUSINESS WIRE)–OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the results of stockholder elections for the $0.55 per common share distribution declared by the Company’s Board of Directors on December 1, 2021. …

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AM Best Assigns Credit Ratings to Accelerant Re Ltd.; Affirms Credit Ratings of Accelerant Holdings (Cayman) Ltd.’s Rated Subsidiaries

LONDON–(BUSINESS WIRE)–#insurance—AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to Accelerant Re Ltd. (Accelerant Re) (Bermuda). The outlook assigned to these Credit Ratings (ratings) is stable. Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR …

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Bee Mobile Joins the Nodle / Polkadot IoT Alliance as a Strategic Network Developer

SAN FRANCISCO–(BUSINESS WIRE)–Today, Nodle announced that: What Bee Mobile is joining the Nodle Network as a Strategic Network Developer, connecting last mile electric vehicles to Nodle’s next generation network. Nodle is a blockchain based, citizen-powered decentralized wireless network that provides enterprise grade, low-cost, secure connectivity for the Internet of Things (IoT). The Nodle Network uses …

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Northstar Capital Invests in LumiSource, LLC

MINNEAPOLIS–(BUSINESS WIRE)–Northstar Capital (“Northstar”), a provider of junior capital for middle market private equity transactions, is pleased to announce its investment in LumiSource, LLC (“LumiSource”), a portfolio company of CID Capital (“CID”). Founded in 1997, LumiSource is a leading full-service supplier in the home décor and furnishings industry, selling stylish and affordable products across living, …

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KBRA Assigns Preliminary Ratings to Progress Residential 2022-SFR1

NEW YORK–(BUSINESS WIRE)–#KBRA–KBRA assigns preliminary ratings to eight classes of Progress Residential 2022-SFR1 (Progress 2022-SFR1) single-family rental pass-through certificates. Progress 2022-SFR1 is a single-borrower, single-family rental (SFR) securitization that will be collateralized by a $733.6 million loan secured by first priority mortgages on 2,390 income-producing single-family homes. The fixed-rate loan requires interest payments only over …

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Egan-Jones Releases Risk Commentary – Required Reading – Risk Checklist

NEW YORK–(BUSINESS WIRE)–Egan-Jones Ratings Company releases its latest Risk Commentary issue entitled, “Required Reading – Risk Checklist.” In the commentary, Egan-Jones discusses multiple issues and their possible economic impact. A few of these events include the rise in inflation, interest rates, COVID-19 cases, and climate concerns. Click here to view the issue. About Egan-Jones Ratings …

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KBRA Assigns Preliminary Ratings to OBX 2022-INV1 Trust (OBX 2022-INV1)

NEW YORK–(BUSINESS WIRE)–#KBRA–KBRA assigns preliminary ratings to 48 classes of mortgage pass-through certificates from OBX 2022-INV1 Trust. The pool comprises 1,236 agency-eligible residential mortgage loans with an aggregate principal balance of $377.3 million, as of the January 1, 2022 cut-off date, and is secured predominantly by investment properties. The pool is characterized by significant borrower …

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KBRA Releases Research – Global Inflation: More Thematic Impulses

NEW YORK–(BUSINESS WIRE)–#KBRA–KBRA releases research on emergent geopolitical and structural developments as they relate to inflation: (1) short-term policy and political risks related to heightened (but likely temporary) inflation, (2) the greening of the global economy that will contribute to medium-term price pressures, and (3) the continued leap forward in globalization with the advancement of …

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GVE, a Developer of a Central Bank Digital Currency Platform Has Increased Its Valuation to 224 Billion Yen

TOKYO–(BUSINESS WIRE)–GVE Ltd. (Headquarters: Tokyo, CEO: Koji Fusa, hereinafter “GVE”) on 19th January 2022, resolved at a board of directors meeting to receive funds through a Series D financing. This financing is to provide funds for further development. The funds will be raised by the issue of shares to existing shareholders, including E-SET LLC (Headquarters: …

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Montecito Medical Acquires Medical Park Property in Buffalo Area

Two Williamsville buildings anchored by market-leading providers NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of the Windsong Medical Park property in Williamsville, New York. The two adjoining buildings that comprise the fully leased medical park offer a combined total of more than 72,000 rentable …

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Wolters Kluwer Compliance Solutions and Floify Announce Collaboration for eNote Digital Signature Closings

Product integration provides Floify customers with Wolters Kluwer eOriginal’s leading digital mortgage promissory eNote technology to expedite mortgage e-closings MINNEAPOLIS–(BUSINESS WIRE)–#digitalsignature—Wolters Kluwer Compliance Solutions and Floify, a leading point-of-sale solution in the mortgage industry and subsidiary of Porch Group, Inc. (NASDAQ: PRCH), are collaborating to leverage the capabilities of Wolters Kluwer’s eOriginal product suite, the …

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Velocity Financial, Inc. Provides Financial and Operational Update and Announces Date of Fourth Quarter Results Conference Call

WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–Velocity Financial, Inc. (“Velocity” or the “Company”) (NYSE: VEL), a leading provider of small balance investor loans, today announced a preliminary financial and operational update for the quarter ended December 31, 2021. The Company expects to release its fourth quarter 2021 results after market close on March 10, 2022, to be followed …

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Are We in a Housing Bubble? Homebuyers Say Yes, Redfin Expert Says No

Historically fast home-price growth has homebuyers and sellers worried the market has become detached from reality. But Redfin’s chief economist says rising mortgage rates and buyers who can afford their homes are preventing a bubble. SEATTLE–(BUSINESS WIRE)–(NASDAQ: RDFN) — More than three-quarters (77%) of homebuyers and sellers believe there’s a housing price bubble in the …

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Affirm to Announce Second Quarter 2022 Results on February 10, 2022

SAN FRANCISCO–(BUSINESS WIRE)–Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced it will host a conference call and webcast to discuss second quarter fiscal year 2022 financial results on Thursday, February 10, 2022 at 5:00pm ET. Hosting the call will be Max Levchin, Founder and Chief …

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Smith Acquires Digital Marketing Agency Adept to Deliver Growth Acceleration Across All Stages of the Customer Journey

DAYTON, Ohio–(BUSINESS WIRE)–#performancecommerce–Smith, a global performance commerce agency, is thrilled to announce the acquisition of Adept, a Columbus, Ohio-based agency best known for maximizing brand growth through digital marketing. Through this acquisition, the agency will deliver on its commitment to relentless optimization across all stages of the customer journey, transforming potential into performance. “Our mission …

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