Tuesday, 7 July 2015
Last updated 14 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…