Items Tagged with 'Lone Star Funds'


  • Lone Star Funds shakeup: North America president Sam Loughlin steps down

    Will be replaced by Nick Beevers, who served as executive vice president
    Lone Star Funds, which buys non-performing mortgages by the truckload from Fannie Mae and Freddie Mac and is the parent company of Caliber Home Loans, announced this week that Sam Loughlin, the company’s president of the North America region, is stepping down. Loughlin will be replaced by Nick Beevers, who previously served as executive vice president and chief of staff to Lone Star’s global president, André Collin.
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  • Deutsche Bank considering loans to private equity as part of $4.1 billion in consumer relief

    Reportedly discussing loans to Lone Star Funds, others
    Recently, Deutsche Bank announced that it reached a settlement with the Department of Justice over the bank’s issuance and underwriting of residential mortgage-backed securities between 2005 and 2007. As part of the settlement, Deutsche Bank will be required to provide $4.1 billion in consumer relief. But a new report suggests that Deutsche Bank is considering an unorthodox method of providing that $4.1 billion in consumer relief – lending to private equity firms.
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  • EXCLUSIVE: Caliber Home Loans sued by Chronos Solutions over nearly $3 million in unpaid bills

    Caliber, Lone Star Funds accused of not paying expenses on foreclosures
    The New York Department of Financial Services is already reportedly looking into how Caliber Home Loans and its parent company, Lone Star Funds, after receiving complaints from consumers about how the companies handle foreclosures. But now, the companies have another fight on their hands over their foreclosure practices, and it comes from an unlikely source – one of their own vendors.
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  • NYDFS reportedly looking into Caliber Home Loans

    Inquiry seeks information on handling of delinquent mortgages
    The New York Department of Financial Services is reportedly looking into how Caliber Home Loans handles distressed mortgages and the lender’s origination practices for borrowers with less-than-perfect credit profiles.
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  • JPM, Lone Star bid for bad Dutch bank

    Bank holds $6.1 billion of loans, real estate
    JPMorgan Chase and Lone Star Funds are currently the leading bidders for a bad Dutch bank. The sale is not secure yet, and could fall out at any time. Goldman Sachs and Cereberus Capital are also competing bidders in the deal. Here’s more on the deal these banks are fighting for.
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  • Freddie Mac sells off another $1.4 billion in non-performing loans

    Familiar buyer snaps up more than half of available loans
    Freddie Mac selected the winning bidders in its latest massive sale of non-performing loans, with one now-familiar buyer, Lone Star Funds, or more specifically the private-equity's trust, LSF9 Mortgage Holdings, accounting for more than half of the pool.
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  • Freddie Mac sells off $1.1 billion in Ocwen-serviced mortgages

    Deeply delinquent non-performing loans sold to multiple buyers
    Good news for the winners of Freddie Mac's latest sale. The enterprise announced Wednesday that it selected the winning bidders in the sale of more than $1 billion in non-performing loans that are currently being serviced by Ocwen Loan Servicing. And apparently one of the winning bidders is a frequent buyer of GSE non-performing loans.
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