Items Tagged with 'Warburg Pincus'


  • Fiserv Lending Solutions rebranding as Sagent Lending Technologies

    Follows sale to Warburg Pincus
    Earlier this year, Fiserv sold more than half of its mortgage servicing business to private equity firm Warburg Pincus for $395 million. The plan was for the companies to operate the servicing business, called Fiserv Lending Solutions, as a joint venture. And that’s still the case, although the joint venture won’t carry Fiserv’s name anymore.
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  • Newfi Lending launches portfolio lending program for “difficult-to-qualify” borrowers

    Loan amounts up to $2 million and loan-to-value ratios up to 85%
    Newfi Lending, a growing mortgage lender and a portfolio company of global private equity firm Warburg Pincus, is expanding its lending platform and launching a portfolio lending program. The program, called Sequoia Portfolio Plus, will provide “exceptional flexibility for mortgage brokers and their client borrowers,” the company said in a release.
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  • Bottom fishing in this market? Good luck to you.

    Tuesday's New York Post carried a blunt reminder of just how painful trying to bottom-fish in a roiled financial market can be. The case study in this instance is none other than private equity giant Warburg Pincus, which was last seen six months ago pumping $800 million into troubled monoline bond insurer MBIA Inc. Let's just say things haven't worked out all that well since that time:
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  • MBIA Bumps Up Share Offer to $1 Billion

    After announcing earlier this week that it would raise $750 million in a common stock offering, as part of an attempt to build capital and protect its AAA rating, monoline insurer MBIA Inc. said late Thursday that it had bumped up its offer to $1 billion and priced the offering at $12.15 per share.
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