Forestar Real Estate Group Inc., Austin, Texas, has obtained $440 million in senior credit facilities, according to the company.The three-year facilities consist of a $175 million term loan and a $265 million revolving credit facility. The sole arranger and bookrunner of the facilities is KeyBanc Capital Markets. Forestar can be found on the Web at http://www.forestargroup.com.
McCargo will succeed Teresa Bryce Bazemore at what the former sees as a "transitional, pivotal moment" for the Federal Home Loan bank.
Freddie's plan "has merit," but if also used by Fannie, it might create competition for many closed-end, second liens in PL RMBS, according to new research.
While the company made headway in reducing operational costs, it incurred several million dollars worth of expenses as it dealt with the January incident.
The rightsizing measures impacted workers in Colorado and Florida who worked at acquired Computershare Mortgage Services and its affiliate Specialized Loan Servicing.
Former Angel Oak Lending Chief Marketing Officer Steven Winokur has come back into the non-qualified mortgage business by taking a marketing role at Carrington Mortgage Services.
The process of making changes to foreclosure prevention programs has been complicated by differences in how the Department of Veterans Affairs operates compared to an agency like the Federal Housing Administration.
