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Select Portfolio Servicing (SPS) is a loan servicing company founded in 1989 and owned by Credit Suisse. It was formerly known as Fairbanks Capital Corp. and settled with FTC and HUD over subprime mortgage practices.
Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with US$400,000 (equivalent to $1.1 million in 2023) in seed capital. [3]: 45–56 [4] The founders derived their firm's name from their names: "Schwarz" is German for "black"; "Peter", "Petros", or "Petra" (Πέτρος and πετρα, the masculine and feminine rendering of the word, respectively) means "stone" or ...
Cerberus is a global alternative investment firm with $60 billion under management in credit, private equity, and real estate strategies. It has investments in various sectors, such as healthcare, government services, and weaponry, and was founded in 1992 by Steve Feinberg and William L. Richter.
Novation Companies, Inc. (NOVC) is a public company that owns and operates early-stage businesses in the technology-enabled services industry. It was formerly known as NovaStar Financial, Inc., a major subprime mortgage lender that faced bankruptcy and legal action during the 2008 financial crisis.
Between April 30, 1997 and February 1, 2005, PHH was a wholly owned subsidiary of Cendant Corporation (now known as Avis Budget Group) and its predecessors that provided mortgage banking services, facilitated employee relocations and provided vehicle fleet management and fuel card services.
It is the consumer-facing mortgage lender and servicer of its parent company Mr. Cooper Group. [1] It is one of the largest mortgage servicers in the United States with a servicing portfolio of approximately $937 billion and more than 4.3 million customers. [2]
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