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11-27-2018, 10:58 AM #1
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We know the names of the 3rd and 4th parts - they're on the Bloomberg website.
Part 3: Rubber-Stamp Justice
Part 4: Business-Loan Kingpin
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11-27-2018, 11:15 AM #2
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11-27-2018, 11:35 AM #3
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11-27-2018, 11:37 AM #4
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11-27-2018, 12:53 PM #5
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11-27-2018, 12:54 PM #6
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11-27-2018, 01:00 PM #7
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11-27-2018, 01:40 PM #8
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Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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11-27-2018, 01:23 PM #9
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Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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11-27-2018, 01:34 PM #10
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11-27-2018, 01:50 PM #11
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11-27-2018, 02:34 PM #12
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11-27-2018, 02:50 PM #13
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11-27-2018, 11:28 AM #14
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Part 3 - Probably covers the COJ's again--though seems redundant. Maybe this one will attack the lawyers.
Part 4 - Probably covers 1st Global/Carl Ruderman
This has a similar feel to the investigative pieces in the 2010's after the real estate market collapsed. Stories attacking the lenders, brokers, and courts/law firms that churned out foreclosure cases by the thousands. The fall out lead to some tightening in underwriting and legal process (e.g. additional closing docs and requiring banks to produce an original promissory note). In those cases, the issues were sexy because the "victims" were average consumers/families. In this case, the supposed "victims" are business owners, which is less likely to attract the attention of regulators.
I'm sure the author is on a crusade to crush the MCA industry, but I suspect these stories will add some minor obstacles to the underwriting and legal process.
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