With the planned acquisition of assets from bankrupt Residential Capital LLC, Nationstar Mortgage Holdings Inc. expects to become one of the industry’s biggest non-bank mortgage firms. ResCap and 27 affiliates disclosed Monday that voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code were filed Monday. Lewisville, Texas-based Nationstar announced separately that it [...]
Posts Tagged ‘Inc.’
More Business Management Tips:
Ready to Apply? Find Lenders Looking for New Deals
Business Tips & News:
Quantum Leap for Nationstar
May 14th, 2012 
davidguide 
Posted in Business Loans 
Tags: agreement, capital, Code, Inc., Lewisville, nationstar mortgage, quantum leap, rescap, Residential, stalking horse bidder, voluntary petitions 
Comments OffSaxon Sale Signed, Sealed & Delivered
April 4th, 2012 davidguide The sale of former nonprime lender Saxon Mortgage Services Inc. has been completed. While the deal will likely create a top-10 servicer, it also resulted in hundreds of layoffs and a consent order against a Wall Street giant. Saxon has been acquired by Ocwen Financial Corp. from Morgan Stanley for $73.8 million. Saxon was originally [...]
Posted in Business Loans Tags: consent, Inc., Morgan, mortgage services inc, nonprime, ocwen financial corp, Saxon, saxon mortgage services, saxon mortgage services inc, Servicer, subprime mortgages Comments OffLoan Performance Continues Improving at Radian
March 7th, 2012 davidguide Delinquency has declined for two consecutive months at Radian Group Inc. While there was no month-over-month change in new polices written, activity more than doubled from the same month last year. The mortgage insurance company reported $2.0 billion in primary new insurance written during February. There was no change in business volume from January. View [...]
Posted in Business Loans Tags: Business, change, change in business, Delinquency, Inc., insurance, loan performance, Mortgage, mortgage insurance company, new insurance, radian group inc Comments Off3 More Notaries Indicted in LPS-Related Case
December 6th, 2011 davidguide A case involving employees of Lender Processing Services Inc. has yielded criminal charges on three more defendants. The Nevada Attorney General’s Office announced Monday that a criminal complaint had been filed against three notaries public. The complaint was filed just weeks after two other defendants were indicted by the state. View full post on Mortgage [...]
Posted in Business Loans Tags: criminal charges, criminal complaint, Inc., Mortgage, nevada attorney general, Notaries, post, processing services, State, View Comments OffHigh-Producing Wells Office Closed after Internal Review
August 28th, 2011 davidguide Mortgage inquiries for the week ended Aug. 26 were down 19 percent from last Friday. It was the second week in a row that business declined. The findings were outlined in the U.S. Mortgage Market Index report from Mortech Inc. and Mortgage Daily . View full post on Mortgage Stories
Posted in Business Loans Tags: Daily, Inc., index report, last friday, market index, Mortech, mortgage market, percent, Producing, review Comments OffNevada Courts Block 3 Foreclosures
July 11th, 2011 davidguide The Nevada Supreme Court ruled against a foreclosure filed by American Home Mortgage Servicing Inc. because adequate assignment documentation and an excecutive with modification approval authority were not at the mediation. The Clark County District Court ruled in another case that Wells Fargo Bank didn’t provide an adequate assignment. A third case had the Nevada [...]
Posted in Business Loans Tags: American, american home mortgage, american home mortgage servicing inc, approval, clark county district court, home, Inc., modification approval, Servicing, Supreme, wells fargo bank Comments OffEarnings Preview: Intuit Inc.
May 17th, 2011 davidguide Intuit Inc. is scheduled to announce its third quarter fiscal 2011 results on May 19, and we see some upward estimate revisions at this point reflecting a positive sentiment on the stock. View full post on Business Stories
Posted in Business Structures Tags: Business, Estimate, estimate revisions, Inc., Intuit, intuit inc, post, Preview, sentiment, stock view, View Comments OffExchange cancels unusual trade in Apple shares
May 4th, 2011 davidguide LOS ANGELES (MarketWatch) — An exchange has canceled a single trade executed in Apple Inc. shares Wednesday as it violated its erroneous trade policy, according to a spokesperson at the exchange. One trade of 100 shares was executed at $321.87 during the regular session, and later canceled by BATS, an electronic exchange based in Kansas. [...]
Posted in Business Structures Tags: Apple, electronic exchange, Inc., market pulse, news, rapid fire, short news, spokesperson, Statement, Trade, trading session Comments OffUnfair Margin Calls Alleged in Thornburg Lawsuit
May 4th, 2011 davidguide Five major banks engaged in “a collusive scheme” for more than a year, according to a complaint filed in a federal bankruptcy court by the trustee of bankrupt Thornburg Mortgage. The company is now known as TMST Inc. According to the complaint, the bank fraudulently bled Thornburg Mortgage of almost $2 billion until the firm [...]
Posted in Business Loans Tags: bankruptcy protection, Choice, Court, federal bankruptcy court, firm, Inc., Lawsuit, Thornburg, thornburg mortgage, tmst, trustee Comments OffFinal Nod to Qwest-CenturyLink
March 25th, 2011 davidguide The Public Utility Commission of Oregon approved the merger between Qwest and CenturyLink Inc. View full post on Business Stories
Posted in Business Structures Tags: Business, Inc., merger, NOD, post, public utility commission, qwest, utility, View Comments Off
