J.G. Wentworth's glossary STILL does not contain definitions to the terms structured settlement factoring transaction or structured settlement transfer even though these words describe the financial transaction intrinsic to J.G. Wentworth's operation and that of its entire industry.
That's true "leadership" for you.
Meanwhile JG Wentworth, the nation's most prominent cash now pusher, announced today that it had completed a $74.6 million securitization, rather flaccid considering the sizes it had previously been swinging around.
05/19/2008 $117MM
03/14/2008 $111MM
10/3/2007 $99.5MM
12/14/2004 $152MM Source: Internet
J.G. Wentworth CFO John Calamari said in the press release “There have been very few asset backed deals during the
fourth quarter of 2008.” By contrast he said that, according to Thomson Reuters,
during 2007 there were 1,142 asset-backed deals totaling $864 billion.
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