As a result, the share of mortgages in total volumes was also reduced to 30% of total volumes in S1FY20, compared to around 45-50% of total volumes in FY18 and FY19. Sales of loan pools have become the main source of funds for non-bank lenders. Since the IL&FS crisis in September 2018, non-bank finance companies …

The Ministry of Employment and Labor will organize a seminar on the private security sector next week (June 26), as it has identified the sector as “high risk” with regard to compliance with labor laws. . The department noted that the industry has experienced “unprecedented growth” in recent years due to high levels of crime. …

Social security is in big trouble at 16. That’s the rough message of the 2019 Social Security Board of Directors report, which came out months before its regular release. Social Security, which currently pays benefits to 63 million Americans and is responsible for at least half of the monthly income of more than 3 in …

In a typical secured credit facility, a lender provides a loan to a borrower secured by all of the borrower’s assets, including any property acquired after the loan was closed. On closing, the lender files a UCC funding statement in the appropriate jurisdiction to ensure that they have a perfect first priority lien in the …

What is Purchase Price Guarantee Interest (PMSI)? The term purchase guarantee (PMSI) refers to a legal claim that allows a lender to either repossess property financed with their loan, or to demand repayment in cash if the borrower defaults. It gives priority to the lender over claims made by other creditors. In simpler terms, a …

A sailor watches the flight deck of the Nimitz-class aircraft carrier USS Carl Vinson (CVN-70). US Navy Photo “What kind of navy do the Americans want? Columnist George F. Will asked in a Washington post remark. “The answer will determine whether the American power can, in [Chief of Naval Operations Adm. Jonathan] Greenert’s formulation, “be …

Today the government sold student loans worth £ 900million to a private debt collector for the bargain price of £ 160million, in a deal that includes all student loans taken out before 1998. But this outrageous move is likely to be right around one of the “Great Student Loan Giveaways”. In today’s story, the government …

Birmingham’s new hospital built on a PFI scheme – loans to government-backed infrastructure projects such as this make up the debt purchased by the Danish pension fund Institutional investors are starting to turn to infrastructure loans, which banks are expected to start selling, along with other assets, to meet the capital requirements of future Basel …

A recent decision of the Court of Queen’s Bench of Alberta1 has raised some questions about the proceeds of the Purchase Price Collateral (“PMSI”) and the cross-collateralization of assets secured by these types of collateral. sureties. It has been suggested that this decision is unique and establishes that the use of a PMSI as collateral …

A local wireless communications security service provider seeks to partner with public and private sector agencies to help improve the ability to protect assets and respond in a timely manner to potential security compromises that threaten assets. value by infusing an enhanced level of wireless technology into asset protection measures. Member of the Board of …