Scott Carpenter

1 week ago | thedigitalcourier.com | Scott Carpenter

FOREST CITY—Rutherford Opportunity Center students often have unique challenges with lives filled with instability. With a looming budget shortfall, the future of the school is also uncertain. Principal Darci Rich is concerned about the students, as well as her staff, as the school appears to be on the verge of being permanently closed. The Rutherford board of education began the process to close the school, at its June 3 meeting.

1 week ago | news.bloombergtax.com | Scott Carpenter

Alternative credit investment firm Varde Partners has begun scooping up a type of loan that private market fund managers use to help pay for deals — snatching up debt that banks are increasingly looking to offload because of regulatory constraints. Varde is launching a new platform to buy so-called subscription lines, according to a statement released Tuesday.

1 week ago | news.bloomberglaw.com | Scott Carpenter

Privatizing Fannie Mae and Freddie Mac risks a return to the kind of perilous mortgages that helped cause the global financial crisis unless regulatory safeguards are kept in place, an affordable housing nonprofit said in a paper on Tuesday. “This is essential to averting the ‘race to the bottom’ that ultimately drove down credit standards during the run-up” to 2008, according to the paper by the National Housing Conference, a copy of which was seen by Bloomberg News.

1 week ago | bloomberg.com | Scott Carpenter

(Bloomberg) -- Alternative credit investment firm Varde Partners has begun scooping up a type of loan that private market fund managers use to help pay for deals — snatching up debt that banks are increasingly looking to offload because of regulatory constraints.  Varde is launching a new platform to buy so-called subscription lines, according to a statement released Tuesday.

1 week ago | bloomberg.com | Scott Carpenter

Fannie Mae offices in Reston, Virginia. (Bloomberg) -- Privatizing Fannie Mae and Freddie Mac risks a return to the kind of perilous mortgages that helped cause the global financial crisis unless regulatory safeguards are kept in place, an affordable housing nonprofit said in a paper on Tuesday.