Articles Tagged with ''Fortress Investment Group''

New Residential completes $190M acquisition of Lewis Ranieri’s Shellpoint Partners

Shellpoint is the parent company of New Penn Financial and others
New Residential Investment Corp.’s acquisition of Shellpoint Partners, a mortgage vehicle that is owned in part by Lewis Ranieri’s Ranieri Partners, is now complete. The companies announced this week that the $190 million deal, which was first announced in November 2017, is now finalized.
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Nationstar (aka Mr. Cooper) merging with WMIH Corp. in $3.8 billion deal

WMIH is former parent company of Washington Mutual
For more than 11 years, Fortress Investment Group controlled Nationstar Mortgage, the nonbank now known as Mr. Cooper, via majority ownership in the company’s shares. But that’s about to change. Nationstar announced Tuesday morning that it is merging with WMIH Corp., the former parent company of Washington Mutual in a $3.8 billion deal.
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Japan’s SoftBank completes $3.3 billion acquisition of Fortress Investment Group

Parent company of New Residential, majority shareholder of Nationstar acquired
SoftBank Group’s move into the U.S. financial markets took a huge step forward on Wednesday, as the Japanese technology company completed its previously announced $3.3 billion acquisition of Fortress Investment Group, a global investment giant that has a huge stake in the U.S. housing finance system.
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CoreVest expands into wholesale lending for real estate investors

Seeks brokers who serve investors
CoreVest American Finance Lender, the lender formerly known as Colony American Finance, is expanding into wholesale lending for real estate investors. To lead the company’s expansion into wholesale lending, CoreVest hired Samuel Bjelac to serve as vice president of wholesale lending.
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Fortress acquires Colony American Finance

Colony American will now operate as CoreVest American Finance Lender
Fortress Investment Group is about to be acquired by SoftBank Group in a $3.3 billion deal, but Fortress isn’t done making its own acquisitions while that deal works its way through the legal process. Fortress announced Tuesday that it is acquired Colony American Finance, a lender that provides financing for real estate investors who want to purchase single-family rental homes, townhomes, condos, and small multifamily properties.
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Fortress shareholders approve $3.3 billion acquisition by SoftBank

Parent company of New Residential Investment to be acquired
SoftBank Group’s $3.3 billion acquisition of Fortress Investment Group is one step closer to being finalized after Fortress’ shareholders approved the deal. Fortress is the parent company for New Residential Investment, which buys up mortgage servicing rights by the truckload. Fortress is also the majority shareholder in Nationstar Mortgage, soon to be known as Mr. Cooper.
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SoftBank to take over Fortress Investment Group

Acquires company for $3.3 billion
In a major acquisition play for the industry, SoftBank Group Corp. announced a definitive merger agreement to purchase real estate investment powerhouse Fortress Investment Group for $3.3 billion in cash. Neither of the companies are new names to industry as both are heavy investors in top housing companies.
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Nationstar elevates CEO Jay Bray to chairman of the board

Replaces Fortress Investment co-founder, principal Wesley Edens
Nationstar Mortgage, also soon to be known as Mr. Cooper, is handing the keys of the company to Jay Bray. Bray, the nonbank’s president, chief executive officer, and director, is now also the company’s chairman of the board, the company disclosed in a late Friday filing with the Securities and Exchange Commission.
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