Loan Value Group Names a Chairman and a Managing Partner

Published December 21, 2009, 2:00 p.m. EST

1 Min Read

Loan Value Group LLC, Rumson, N.J., has named a chairman and, separately, a managing partner. Richard Santulli, former founder and chairman/chief executive officer of Woodbridge, NJ.-based fractional aircraft ownership firm NetJets Inc., has joined the company's board as chairman. In addition, Michael Goodman, former CEO of structured settlement and annuity payments purchaser J.G. Wentworth and founding partner of Corridor Quadrant, has joined the board through CQ's ownership position in the company. Mr. Goodman also has been named managing partner at LVG. LVG is working with owners of mortgage risk and servicers to influence consumer behavior to help reduce the risk of borrowers choosing to default on their loans because of negative equity.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM NATIONAL MORTGAGE NEWS

UWM

UWM sues Two Harbors claiming willful breach of contract

The filing alleges TWO executives engaged in a "stealth mission" to get the deal canceled, including subverting participation in a March shareholder vote.

By Brad Finkelstein
Originations Editor

August 10
Earnings

Nonbank mortgage analyses point to how strategies must shift

Some equity and credit agency researchers have lowered their sights in line with market changes, but their forecasts suggest stability for those that pivot.

By Bonnie Sinnock
Capital Markets Editor

August 10
Housing markets

Record home equity masks troubling rise in underwater loans

The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.

By Spencer Lee
Technology Reporter

August 10
M&A

TPG buys Cherry Hill REIT to expand non-agency platform

The arm of the asset management giant is paying over $100 million for the Cherry Hill business started in part with Freedom Mortgage over a decade ago.

By Andrew Martinez
Reporter

August 10
Mortgages

Where to find prime credit borrowers who pay up for homes

The average down payment across the list was 17.1%, well above 13.1% nationally, and the median credit score was 766, compared with 747 countrywide.

By Colin McNamara
Reporter

August 10
M&A

Illinois bank approaches $10B-asset mark with latest deal

HBT Financial in Bloomington, Illinois, has agreed to acquire Tri-County Financial Group in a deal valued $204.6 million.

By Allissa Kline
Reporter

August 10

Load More