is also subject to competitive risks given the low barriers to entry into the gathering and processing space and significant competing midstream infrastructure nearby Medallion
's operating territory.
Bank's net medallion
loan portfolio as of September 30, 2017 was USD 205.
Quite simply, medallion
taxicabs are not similarly situated to FHV (for-hire vehicles) because medallion
Powered by unique data extraction tools and a proprietary analytics-driven decision rules engine, Medallion
Analytics solutions deliver real-time analysis and evaluation of all documents, customized to meet the unique quality and compliance requirements of each customer's mortgage process.
The total cash consideration paid for Medallion
was approximately USD 10m, and the company expects the acquisition to be immediately accretive to net income per share.
Financial is a specialty finance company that originates and services loans in various industries, and its wholly owned portfolio company, Medallion
Bank, also originates and services consumer loans.
Although the prepared statement did not say anything about Melrose CU's troubled taxi medallion
portfolio, Krauser noted that all member deposits are federally insured, and he is working with regulators and insurers to protect Melrose CU's 26,000 members and help the credit union grow soundly and diversify.
Financial also announced a distribution of USD0.
Previously, families ordered the medallion
using the form to order a government headstone or marker.
At the time, such loans were considered low risk, particularly because the taxi medallion
industry had the equivalent of a regulated monopoly, with limited supply and minimal threat of competition.
The TLC is working to support medallion
value by "leveling the playing field" between the yellow cabs that require the medallion
to operate and the Uber and Lyft companies which do not require them, Joshi testified.
PITTSBURGH -- Medallion
Analytics, a leading mortgage technology company that provides compliance and control across the entire loan origination process, announced that its Medallion
QC Audit(TM) solution is now integrated with Xerox Mortgage Services' BlitzDocs[R] intelligent collaborative network.