Servicing Agent

Servicing Agent

The party who services a loan, who may or may not be the lender who originated it.

See Servicing.

References in periodicals archive ?
Flaherty & Crumrine/Claymore Preferred Securities Income Fund Incorporated (FFC) (NYSE:FFC) and Flaherty & Crumrine/Claymore Total Return Fund Incorporated (FLC) (NYSE:FLC), two closed-end, diversified investment companies, reported on Monday that their boards of directors have approved a name change and the appointment of Destra Capital Investments LLC as shareholder servicing agent as of 28 February 2013.
In connection with the servicing agent change, each fund will change its name.
Subsequently, Flaherty & Crumrine Incorporated will continue to act as each fund's investment adviser and there will be no change in investment strategies or style as a result of the appointment of Destra Capital as shareholder servicing agent.
7 trillion, and only 257 of them have gone through the process of debt restructuring, the debt of 54 others are handled by servicing agent named by IBRA.

Full browser ?