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Western Funding Launches First-Ever Asset-Backed Securitization With $400 Million Issuance

Lastest from Businesswire - Fri, 08/01/2025 - 12:13
LAS VEGAS--(BUSINESS WIRE)--Western Funding, Inc. (WFIM), a subsidiary company of Westlake Technology Holdings, is proud to announce a major milestone in its corporate evolution with the successful closing of its inaugural asset-backed securitization (ABS), WEFUN 2025-1, totaling $400 million. Note Class Amount Average Life Interest Rate A $206,627,000 2.35 4.75% B $75,000,000 2.89 4.98% C $82,500,000 3.26 5.34% D $35,873,000 3.46 5.79%   $400,000,000     This landmark transaction marks Western

KBRA Assigns Preliminary Ratings to CROSS 2025-H6 Mortgage Trust

Lastest from Businesswire - Fri, 08/01/2025 - 12:13
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to ten classes of mortgage pass-through certificates from CROSS 2025-H6 Mortgage Trust, an RMBS transaction issued under the CROSS shelf, where Hildene in affiliation with CrossCountry Mortgage and CrossCountry Capital sponsored the transaction. The $496.4 million transaction is collateralized by a pool of 968 residential mortgages originated by CCM, including a meaningful concentration of collateral that KBRA considers to be “non-prim

Class Action Lawsuit Against the NCAA on Behalf of Division I Volunteer Coaches

Lastest from Businesswire - Fri, 08/01/2025 - 12:13
MILWAUKEE--(BUSINESS WIRE)--The following is being released by A.B. Data, Ltd., the Notice Administrator for the Ray v. NCAA class action lawsuit. Legal Notice Did You Work as a Volunteer Coach in an NCAA Division I Athletics Program in a Sport Other Than Baseball Between March 17, 2019 and June 30, 2023? You Could Be Part of a Class Action Lawsuit. Records show you could be affected by a class action lawsuit against the National Collegiate Athletic Association (“NCAA”). The Court decided that

City Credit Union Announces Mitchell Clark Promotion to EVP/COO

Lastest from Businesswire - Fri, 08/01/2025 - 12:13
DALLAS--(BUSINESS WIRE)--City Credit Union (City CU) is pleased to announce the promotion of Mitchell Clark to Executive Vice President and Chief Operating Officer (EVP/COO), effective immediately. In his new role, Clark will oversee the organization’s daily operations and play a critical leadership role in driving strategic initiatives, member experience and operational excellence. Clark joined City Credit Union in 2011 and has since held several key positions, most recently serving as Chief A

FINAL DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fortrea Holdings

Lastest from Businesswire - Fri, 08/01/2025 - 12:13
NEW YORK--(BUSINESS WIRE)---- $FTRE #ClassAction--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Fortrea Holdings Inc. (“Fortrea” or the “Company”) (NASDAQ: FTRE) and reminds investors of the August 1, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The fi

Central Securities Corporation Releases Report to Stockholders

Lastest from Businesswire - Fri, 08/01/2025 - 12:13
NEW YORK--(BUSINESS WIRE)--Central Securities Corporation (NYSE American: CET), a closed-end investment company, today released its Report to Stockholders for the six months ended June 30, 2025. Figures as of June 30, 2025 compared with those of one year ago, are as follows:   June 30, 2025 June 30, 2024 Net assets per common share $57.63 $52.58 Net assets $1,666,259,626 $1,492,593,177 Shares outstanding 28,913,659 28,387,828 Additional details are available at www.centralsecurities.com.

Andersen Global Adds Member Firm in Botswana, Broadening Regional Coverage

Lastest from Businesswire - Fri, 08/01/2025 - 12:13
SAN FRANCISCO--(BUSINESS WIRE)-- #africa--Andersen Global debuts the firm name in Botswana as AccPro Accountants becomes the latest member firm to join the organization.

AM Best Assigns Credit Ratings to Professionals Advocate Risk Retention Group, Inc.

Lastest from Businesswire - Fri, 08/01/2025 - 12:13
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) to Professionals Advocate Risk Retention Group, Inc. (ProAd RRG) (Hunt Valley, MD), a new subsidiary of Medical Mutual Liability Insurance Society of Maryland (Med Mutual). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect ProAd RRG’s balance sheet strength, which AM Best assesses as strongest, as well as it

Mill City Ventures Announces $500 Million Equity Line Agreement to Accelerate Growth of Sui Treasury Strategy

Lastest from Businesswire - Fri, 08/01/2025 - 12:13
WAYZATA, Minn.--(BUSINESS WIRE)--Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ: MCVT) today announced it has entered into an equity line agreement with A.G.P./Alliance Global Partners, as Investor, enabling Mill City to sell up to $500 million of the Company’s common stock at the Company’s sole discretion, subject to certain restrictions and closing conditions. Any proceeds from the equity line, which included no commitment fee, will be used to further the Company’s SUI tr

KBRA Releases Research – CMBS Loan Performance Trends: July 2025

Lastest from Businesswire - Fri, 08/01/2025 - 12:13
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the July 2025 servicer reporting period. The delinquency rate among KBRA-rated U.S. private label commercial mortgage-backed securities (CMBS) in July increased to 7.5% from 7.3% in June. However, the total delinquent plus current but specially serviced loan rate (collectively, the distress rate) only increased 7 basis points (bps) to 10.6%. The conduit mixe

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