Four mortgage acquisition specialists in Denver are launching a new firm, Steel Mountain Capital, to buy both performing and nonperforming mortgage loans and other assets.Tony Rowe, Tim Campbell, Kelly Garland and Bill Already, who most recently worked together as senior executives of Security National Principal Acquisitions, have now partnered with Silver Point Capital, an approximately $4 billion investment firm focused on credit analysis and credit-related investments, to form Steel Mountain.
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The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.
2h ago -
The trade group supports FHFA's overhaul but urges longer comment periods, more flexibility and protections to prevent unintended consequences.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
July 24 -
NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
July 24 -
Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
July 24 -
The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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