Tuesday, 13 October 2015
Last updated 15 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…