Lone Star Funds

PHOENIX, AZ -- (MARKET WIRE) -- 10/13/09 -- Jeff Walton, the former CEO of Bear Stearns Residential Mortgage and Greg Russell, formerly a Managing Director of Hudson Advisors, the asset management operation for Lone Star Funds, announced today that they have joined forces with First Arizona Savings FSB to launch a residential mortgage origination platform, focused on opportunities in the Western U.S. with plans to expand nationally. The mortgage origination platform, National Residential Mortgage, a division of First Arizona Savings ...

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings upgrades the U.S. residential servicer rating for Vericrest Financial, Inc. (Vericrest) as follows: --Residential Primary servicer rating for subprime product to 'RPS3' from 'RPS3-'. Although Vericrest has a limited operating history under the new ownership, Lone Star Funds (Lone Star), a non-publicly rated entity, the upgrade reflects Vericrest's seasoned management team, reliable loan administration, enhanced default management practices, and strong technology platform. Vericrest is a privately held ...

Lone Star Funds bought $239 million of mortgages from CIT Group (NYSE: CIT) back in July 2008. It also bought CDOs from Merrill Lynch before its firesale to Bank of America (NYSE: BAC).

According to reports from the Wall Street Journal, China's sovereign-wealth fund, China Investment Corp., is looking to invest in U.S ...

NEW YORK, Aug. 26 /PRNewswire/ -- Mission Capital Advisors, LLC, an industry leading commercial, residential and consumer loan sale advisor with offices in New York, Florida, Texas and California, is currently marketing a portfolio of commercial mortgage loans with an outstanding balance of approximately $252,000,000. The sale offers prospective bidders an opportunity to acquire non-performing assets, secured by a variety of collateral types, including multifamily, office, retail, industrial, and mobile home parks throughout Michigan, Ohio, Illinois and Indiana. The majority of the assets are operating and providing cash-flow to offset operating expenses and will trade ...