Thursday, 29 January 2015
Last updated 9 hours ago
Sep 24 2007 | 11:47am ET
Alternative investments giant Fortress Investment Group is cutting off its sub-prime pipeline just over a year after buying sub-prime lender Nationstar Mortgage.
Nationstar suspended new loan applications from brokers as of Friday. The decision does not affect the $10 billion in sub-prime loans the company services. Also, the company said any approved applications will be honored.
Fortress bought Dallas-based Nationstar last July from homebuilder Centex Corp.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…