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Tag Archives: Carrington Mortgage Holdings

Carrington Announces 14 New Hires

Carrington Mortgage Services' Wholesale Lending Division announced it has added 14 professionals to its sales staff to better provide in-market services to brokers and borrowers.

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Carrington, Equator Partner to Provide Rental Asset Management Suite

Carrington Technology Solutions, LLC (Carrington) and Equator, a default servicing technology provider, teamed up to provide financial institutions, institutional investors, and large-scale property management companies with a single-family asset management suite created to maximize the performance of multiple-property portfolios.

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Three Carrington Execs Named to 2013 Inman 100 List

Three executives representing Carrington Holding Company earned a spot in Inman News' list of the most influential leaders in real estate. Steve Ozonian, chief real estate officer at Carrington Holding Company; Steve DiUbaldo, president of Atlantic & Pacific Real Estate (a subsidiary of Carrington); and Rick Sharga, EVP at Carrington Mortgage Holdings, were named to the 2013 Inman 100 list.

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Carrington Expands to Offer FHA Streamline 203K Loans

Carrington Mortgage Services, LLC will offer a loan program that allows homebuyers to finance property repairs before moving in. Carrington announced FHA's Streamlined 203k loan program will be available through the company's retail and wholesale businesses.

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Industry Veteran Joins Carrington as EVP

Carrington Holding Company, LLC, based in Santa Ana, California, announced the hiring of well-known banking industry veteran Christopher Whalen to head the company's investment banking operations. Whalen's title will be EVP and managing director for Carrington Investment Services.

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Firms Launch $450M Program to Convert REOs Into Rentals

Government officials are in the process of reviewing 4,000-plus recommendations for turning repossessed homes into rental properties in order to trim the REO inventory held by federal housing agencies. The administration says it is pursuing potential ideas for REO-to-rental pilot programs ""with a sense of urgency,"" but two California firms don't plan to wait on the government's involvement. Carrington Holding Company and Oaktree Capital have partnered to buy up $450 million in REOs and convert them into rentals.

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Carrington Mortgage Services Names SVP of Capital Markets

Carrington Mortgage Services, LLC has announced the hiring of Brad Nease as SVP, capital markets. In this newly created position, Nease will lead the secondary marketing efforts for the company's growing loan origination business, and will be responsible for product development, investor relations, loan trading, and warehouse lending. Nease has more than 28 years' experience in the industry. He joins Carrington from ICON Residential Lenders, where he was COO of capital markets.

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RealtyTrac’s Rick Sharga Departs to Join Carrington Mortgage Holdings

Rick Sharga has been the voice of RealtyTrac for more than seven years, serving as SVP at the foreclosure tracking and research firm since 2004. But effective this week, he has left RealtyTrac to join Carrington Mortgage Holdings. Sharga has taken on the role of EVP at Carrington and will serve as its primary industry spokesman. Sharga will be responsible for developing branding and marketing strategies for the entire Carrington Family of Companies.

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