All articles tagged with #loan sale
The Trump administration is considering selling parts of the $1.6 trillion federal student loan portfolio to private investors, a move that could shift repayment responsibilities away from the government, potentially jeopardizing borrower protections and raising legal and logistical concerns, as part of broader efforts to reduce the federal role in student lending.
Apollo has decided to abandon its efforts to push Yellow Corporation, a trucking company, into bankruptcy after successfully selling a $500 million loan to a group of investors. The move comes as Apollo seeks to recoup its investment in Yellow, which has been struggling financially due to the impact of the COVID-19 pandemic on the transportation industry.
The FDIC has hired Newmark Group to sell about $60 billion of failed lender Signature Bank's loans. This comes as the U.S. banking industry is reeling from recent failures, with regulators seeking to reassure customers their deposits were safe and that the American banking system remained healthy. The sale of a loan book this large is likely to have a ripple effect on the commercial property market, at a time when property values are already being squeezed.