lenders News

For Firms That Got Citi’s $900 Million, It’s a Shot at Payback

If Citigroup Inc. was looking to create a drama big enough to compete with the pandemic and U.S. elections for Wall Street’s attention, it couldn’t have written a better script. The bank allegedly facilitated a debt deal that left a …

Poconos Water Park Shuttered by Pandemic Faces Mortgage Woes

One of America’s biggest indoor water parks, normally packed with frolicking families, has gone dark — a casualty of social distancing. Now, the mortgage on the property is in trouble. The Kalahari water park and resort in the Poconos, with …

When Climate Change Leads to Mortgage Defaults: Viewpoint

Climate change poses risks to real estate that homebuyers may not be able to predict. As sea level rises, coastal properties, for example, may be subject to increased flooding and intensifying storm surges. First-time homebuyers often lack the expertise to …