Answering a question of first impression for the court, the Eleventh Circuit held in Daniels v. Select Portfolio Servicing, Inc., 2022 U.S. App. LEXIS 14013 (11th Cir. May 24, 2022), that a mortgage statement submitted to a borrower may, under certain circumstances, constitute a communication in connection with a debt […]
Statements
Item 1.01. Entry into a Material Definitive Agreement. On April 13, 2022, Angel Oak Mortgage, Inc. (the “Company”) as guarantor and two of its subsidiaries (each a “Subsidiary” and together the “Subsidiaries”) entered into a $340.0 million repurchase facility with Royal Bank of Canada (“RBC”) through the execution of a […]
Item 1.01. Entry into a Material Definitive Agreement On February 10, 2022 (the “Closing Date”), certain indirect subsidiaries of Orion Office REIT Inc. (“Orion”) (the “Mortgage Borrowers”) obtained a $355 million fixed rate mortgage loan (the “Loan”) from Wells Fargo Bank, National Association (the “Lender”), which is secured by the […]