Home / Tag Archives: Carrington Mortgage Services (page 3)

Tag Archives: Carrington Mortgage Services

CitiMortgage to Launch Home Rental Program as Foreclosure Alternative

CitiMortgage announced the launch of the Home Rental Program, a program designed to provide an alternative to foreclosure and allow eligible borrowers to stay in their homes. Under the program, the eligible borrower transfers ownership of the property to a vehicle established by Carrington Capital and its joint venture partner, Oaktree Capital Management, L.P. A lease will then be established for the property at a manageable monthly payment.

Read More »

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.

Read More »

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.

Read More »

Encore Retail Appoints Senior Property Manager

Encore Retail, LLC, a subsidiary of Dallas-based Encore Enterprises, recently named Daniel Underwood as senior property manager of the firm. In his new position, Underwood will oversee the day-to-day property management services function of monitoring the physical operation and condition of each property, and he will be in charge of the coordination of tenant improvements, collection of revenue, expense control, and financial reporting for existing and new retail assets.

Read More »