Items Tagged with 'The Blackstone Group'


  • Mortgage lender Finance of America partners with Mike Ferry

    Blackstone affiliate aligns with well-known real estate coach
    Finance of America Mortgage, which boasts the backing of The Blackstone Group and recently splashed on the scene with a number of high-profile lender acquisitions, announced an affiliation with well-known real estate coach Mike Ferry and the Mike Ferry Organization.
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  • SEC: Mark-to-Market's Not the Problem

    The Securities and Exchange Commission, in a Congressionally-mandated and extremely long 211 page report released Tuesday, suggested that a controversial accounting standard has had little to do with the financial meltdown and does not need to be suspended. The debate over of the effect of FASB Statement of Financial Accounting Standards No. 157, Fair Value Measurements, which went into effect November 2007, has been one rarely afforded to any accounting standard.
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  • WaMu Shares Jump on Purchase Rumor; Buzz Short-Lived

    Pressure continued to mount Thursday for troubled thrift Washington Mutual [stock WM][/stock] as it remains under-the-gun to find a buyer, or reportedly face regulatory action. The thrift was reportedly considering a deal with private-equity buyers, according to a report Thursday morning in the Wall Street Journal.
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  • PHH Mortgage Deal Crumbles As Blackstone Funding Fails

    PHH Corporation said Wednesday that a planned $1.8 billion sale fell apart as a key party in the deal failed to find adequate debt financing to fund the deal. PHH's mortgage operations were to be bought by Pearl Mortgage Acquisition 2 LLC, an affiliate of The Blackstone Group, while General Electric Capital Corp. planned to keep the company's vehicle-leasing unit.
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