Posts Tagged ‘Investor’

New Residential Investment Corp: A Company Investors Should Keep Their Eye On

Friday, January 18th, 2019

New Residential Investment Corp is a company that focuses on investing and managing real estate properties. Their main goal is to find lucrative properties that would allow its investors to reap the rewards of beneficial dividends through the process that they implement. New Residential Investment Corp was once a subsidiary of New Castle Investment Corp until May 15, 2013 when they became a separate publicly-traded entity. Since then, the company has grown over the years by taking advantage of the economics of a struggling mortgage market that had soon managed to rise back up over time.

New Residential Investment Corp has taken notice to the pressure that is being put on banks as of late. 74 percent of MSRs(mortgage servicing rights)are owned by banks but due to capital reserve requirements under Basil lll. As the banks sell more MSRs, New Residential Investment Corp sees a great business opportunity to participate through co-investments in the excess MSRs. Another service they provide is for Servicer Advances. Servicer Advances are loans extended by servicers that cover the missed payments of the homeowner. The purpose of the advances is to provide liquidity instead of credit enhancement.

The investment company also plans on investing in residential mortgage loans. They believe there are opportunities by investing in portfolios of both non-performing, performing, re-performing,and reverse mortgage loans. Their goal is to acquire these loans at a discount price and resolve the loans at a higher valuation. The company also deals with consumer loan portfolios. On April 1, 2013 the company acquired HSBC Finance Corporation. They invest alongside Springleaf Finance Inc. along with another third party. The total purchase price for the portfolio was 3.0 billion dollars including closing costs, fees and adjustments. To this day, New Residential Investment Corp still owns shares in the company after several deals were made to create profit.

Why Fortress Investment Group Is an Indisputable Trendsetter

Thursday, July 12th, 2018

Any company that becomes a force of innovation and trendsetter is worthy a loud mention. It’s not possible for any company to set the trend for others if it doesn’t embrace innovation and technology. It’s worth noting that the Fortress Investment Group has been on the lead when it comes to innovation and technology matters. The private equity company was founded in 1998, and its presence has spread to most parts of the world. Those looking for an optional asset investment company consider Fortress Group. With over $30 billion assets to manage, the Group has become a global wave today. A thousand investors can approach this company and find opportunities to invest in permanent capital and private equity vehicles.

The Fortress Group has attained such an immense global presence because of the strong foundation its three main founders laid. When you think about how successful the Fortress Investment Group has become, you can’t help being indebted for what Wes Edens, Randal Nardone, and Peter Briger did to shape it. These three founders had profound financial experience that pushed the Fortress Investment Group to where it is today. The three men had worked in various companies and financial institutions such as BlackRock Financial Management, UBS, Lehman Brothers, and Goldman Sachs, which were the source of their massive experience on financial matters.

The Fortress Group had made several attempts before it became the global food processor it is today. The Fortress Investment Fund I was the first vehicle the company used in its journey. The firm had initially invested in the real estate markets in New York and Toronto. The Fortress Group launched its Initial Public Offering 10 years after it was founded. The company then started Fortress Investment II, III, and IV in 2006. Eight years later, the Fortress Investment Group opted to acquire the general Financial Services in America.The population of the Fortress Group spread speedily when it went public. Nardone, Briger, and Edens remained at the top leadership of the Fortress Investment Group even after the SoftBank Group Corporation bought it. The Fortress Group has divided its current operations into private equity, credit, and permanent capital vehicles. The current value of the Fortress Group is about 20 times the value it had in the beginning.

The Success Story of Randal Nardone

Saturday, May 19th, 2018

Randal Nardone name is not new in most communities in the United States. The businessman is very popular, especially in the finance and corporate world. Randal was given the position of chief executive officer in a very influential company that is known as Fortress Investment. Since then, he has been a very busy man who wants all investors in the world to achieve their investment goals. Randal has taken his numerous tasks in the investment company very well, and this is why the American based company is doing well and at the end of the day transforming the lives of many. Randal Nardone is not just an ordinary company CEO. The businessman has a great reputation in the country.More than ten years ago, Randal Nardone was busy in his office when one of his friends approached him with an excellent business idea.

Randal Nardone and several other investors thought of starting an alternative investment company, and they felt that it was going to perform to the expectation of the customers in the complex market. Led by one of the group members, the friends started Fortress Investment. All of the founders of the financial services company were experts in various finance departments, and they knew the mistakes to avoid and the path to follow so that they can emerge successful. The friends needed to select leader in the company so that they can all work hard and impress the international community.Nardone was appointed by his friends to take the position of company leader after a lot of research.

The other partners in the company felt that Nardone was the suitable candidate for the position of CEO because first of all, he had a great educational background in finance. Nardone was also excellent when it comes to showing the rest the path to take so that they can reach their destination. Randal accepted the position of a leader since then, and he has never made his colleagues regret the decision they made. All of the founders of the investment company are known for being very wealthy. Most of this wealth has been accumulated because of the wise decisions Randal has been making when working in the position of a leader. Randal Nardone was born in a normal family many years ago. Unlike many young people who joke around with their education, Randal put in a lot of effort, and this is the reason he has done so well in his career.