Items Tagged with 'Fortress'

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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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  • New Residential clocks 27% return on MSR investments

    Will put more money into mortgage servicing
    New Residential CEO: "We remain confident that 2014 will be a favorable year for MSR transactions. Large banks will likely continue to sell high-touch servicing, while higher interest rates and a better economic backdrop could further improve MSR values."
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