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Marathon Distressed Subprime Fund

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Marathon Boosts Distressed Mortgages Focus HW+

May 12, 2008By

As distressed mortgages head towards the industry’s center stage, Marathon Asset Management, LLC, said last week that it had hired Rudy Orman as vice president of business development for the Marathon Distressed Subprime Fund and as vice president of marketing for Marix Servicing, LLC. The fund and the servicing shop are inter-related, as the fund’s assets are serviced by Marix; the Phoenix-based servicer is a captive shop owned by Marathon and designed to provide more aggressive work-outs for troubled borrowers than traditional servicing outfits.

3d rendering of a row of luxury townhouses along a street

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