Category Archives: Securitization

Kramer Levin Expands Insurance coverage Practice Team in New York

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New York, NY (PRWEB) June 10, 2013

Kramer Levin Naftalis &amp Frankel LLP introduced nowadays that Daniel A. Rabinowitz has joined the firm as a companion in the companies Insurance Exercise Group. Rabinowitz, who will reside in Kramer Levins New York business office, specializes in transactional and regulatory advice in the insurance sector.

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Rabinowitz has comprehensive knowledge in all sorts of transactional exercise and regulatory matters affecting the insurance policy company, like mergers and acquisitions, cash marketplaces, restructurings, securitization and structured finance, reorganizations, reinsurance, corporate governance and all facets of NAIC and condition regulatory oversight. He currently serves as Chair of the Committee on Insurance Legislation at the New York Town Bar Association.

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Dan has a reliable popularity for supplying customers with specialist counsel across a amount of sophisticated concerns, mentioned Paul S. Pearlman, Kramer Levins Handling Companion. His knowledge will complement our nicely-recognized insurance policies, corporate and securitization techniques.

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Amid a extended list of representations, Rabinowitz provided counsel to two leading global monetary establishments in quite a few transactions and regulatory matters arising out of the 2008 financial crisis, which includes product sales of subsidiaries, securities choices and initial-of-type federal government assistance transactions providing money and liquidity help. He also has been concerned in quite a few insurance policies company demutualizations and comparable conversions, reinsurance transactions, insurance policies-connected securities and other types of alternative risk transfer. Rabinowitz is a repeated writer and speaker on insurance-related matters and also served on a operating group at the ask for of the New York Insurance policies Section in its Submitting Modernization Initiative in 2010.

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Kramer Levin is mentioned for providing clients useful authorized tips and company technique in a way that produces results and Im seeking ahead to growing consumer associations and operating alongside a team I respect and admire, said Rabinowitz.

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Rabinowitz gained his J.D. from the University of Chicago and his A.B., magna cum laude, from Brandeis University where he was a member of the Phi Beta Kappa honor modern society.

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About Kramer Levins Insurance coverage Apply:

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Kramer Levin delivers transactional and regulatory suggestions and counsel in the insurance policy industry on the point out, federal and global ranges. Our services incorporate corporate and economic transactions involving the insurance policy and reinsurance industries, insurance coverage and reinsurance merchandise, insurance policies-connected structured finance and alternative risk transfer, insurance policy business restructuring and insolvency and insurance coverage litigation.

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About Kramer Levin: Kramer Levin Naftalis &amp Frankel LLP is a leading, total-services legislation firm with workplaces in New York, Silicon Valley and Paris. Organization lawyers are foremost practitioners in their respective fields. The organization represents World-wide one thousand and rising development businesses, establishments and individuals, throughout a wide selection of industries. For much more information, please pay a visit to http://www.kramerlevin.com.

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Lance Denha Remarks About the Looming Deadline for Short Sales

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(PRWEB) October 09, 2012

As reported earlier this calendar year by The Baltimore Sunshine on June 20th, except if Congress grants an extension, a legislation developed in 2007 to assist troubled property owners expires at the conclude of this calendar year. It allows them to steer clear of paying taxes on forgiven debt for their main residences. As of this date, Congress has unsuccessful to consider any motion which could go away numerous sellers facing a challenging tax bill in 2013. If, for instance, a financial institution wipes absent a $ 100,000 financial debt in a short sale or finalizes a foreclosure on a delinquent homeowner, the standard borrower could owe much more than $ 25,000 in taxes.

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In recent several years, most underwater house owners who dropped home to foreclosures or quick product sales have been excused from having to spend taxes on this cash flow, thanks to the Mortgage Personal debt Aid Act of 2007. The existing legislation states that home owners dont have to contain forgiven financial debt as income provided:

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SFG Finance Enjoys Substantial Yr-more than-Year Quantity Increases Recruits A few Business Veterans to Help with Long term Enlargement

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ARLINGTON, Texas (PRWEB) June 04, 2013

SFG Finance LLC (http://www.sfgfinance.com), a purchaser of car paper from BHPH dealers, new auto franchise sellers, finance companies, banking companies and credit score unions, right now announced that it has enjoyed significant calendar year-above-calendar year will increase in quantity and has additional 3 industry veterans to its team to aid remain in advance of its expansion.

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Adrienne Schlitz has joined as Senior Vice President-Manager of Acquisitions Mike Anderson has joined as Senior Vice President-Manager of Bank loan Servicing and Brad Adams has joined SFG as Vice President Company Growth.

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Schlitz has over 22 years of vehicle market encounter which includes 19 a long time in car finance with a target on non-key business. Prior to joining SFG, Schlitz held a Vice President placement and was a leader in the Portfolio Acquisition Team of BB&ampT Seller Fiscal Companies/Regional Acceptance Corporation, exactly where she focused on enterprise advancement and portfolio acquisitions. Before that, Schlitz served as Vice President at FSB Fiscal, where she produced and managed credit rating functions.

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Anderson has a lot more than 20 many years of non-primary automobile finance encounter in servicing, effectively foremost collections and customer relations for numerous huge businesses. His comprehensive history involves serving for a lot of years as Senior Vice President of Servicing for AmeriCredit Fiscal Services and Vice President of Decline Mitigation for Triad Financial Solutions.

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Adams provides above twenty years of encounter in taking care of automotive loan portfolios to SFG. His expertise consists of consulting commence up BHPH functions for firms handling portfolios effectively in excess of $ 100MM. Adams also has a prosperity of experience in other areas, like bulk getting securing strains of credit rating lender audits static pool evaluation forecast modeling and level of sale financing. Adams formerly served as the Director of New Shop Openings for Indianapolis, IN-dependent JD Byrider Systems, Inc. In addition, he managed JD Byrider spots for seven a long time and was the CEO of a multimillion dollar point of sale finance company.

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Owing to our great expansion we have recruited several veteran industry specialists. We are also choosing mid-degree management positions in a number of departments as well as 20 additional client services staff to continue to be forward of our growth, stated Steve Burke, President and CEO of SFG Finance. We just lately exhibited at the NABD in Vegas, and are fired up about the vehicle setting correct now. Its quite upbeat and total of power. Furthermore, we will be exhibiting at NIADA in just a couple of months to showcase our new and thrilling plans. This is a great time of unparalleled development for our company and we search ahead to developing even more relationships with sellers of car paper.

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Given that its inception, SFG Finance has actively acquired and shut portfolios from dealers and finance businesses nationwide. Portfolio sizes range from $ 500,000 to $ 150 million, servicing unveiled.

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Funding is created attainable by SFGs mother or father lender, with the additional edge of no need to securitize furthermore a more stable cost of cash.

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SFG is a wholly owned subsidiary of Southside Financial institution. For more info go to: http://www.sfgfinance.com/ or fall by booth 629 at the NIADA convention and Expo, June 24-27, 2013, in Las Vegas, NV.

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About SFG Finance:

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SFG Finances tagline is: In which Relationships and Integrity Issue. The firm is an lively purchaser of auto finance receivables, and its government administrators each and every have over thirty many years of business expertise. It is a wholly owned subsidiary of Southside Lender, one particular of the nations premier unbiased banks with approximately $ 3.five Billion in assets. SFG Finance buys BHPH by means of super key auto paper, servicing unveiled, from banking companies, credit history unions, car sellers, and other fiscal establishments nationwide. The companys intense pricing and knowledge throughout all credit rating spectrums make it an business chief. For far more information go to: http://www.sfgfinance.com or call (800) 994-0898.

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