The Ginnie Mae contract should significantly boost operations at Selene, the sources tell HousingWire. Asian Legal Studies, Aviation Law, Banking and Finance Law, Bankruptcy and Insolvency. Existing employees handle loan resolution activities. Shellpoint and Selene are not affiliates other than partial ownership from Ranieri. Selene Finance would create jobs for mortgage resolution specialists and case management professionals.
SELENE FINANCE FULL
With more than 500 full time employees, Selene Finance is a special servicer of nonperforming. Shellpoint is succesfully bringing private-label mortgage bonds to market, a rare feat for today and potentially indicative of Ranieri's influence. Selene Finance is a residential mortgage servicing company. If you are facing a financial hardship that is affecting your ability to make your monthly mortgage payment, Selene Finance LP has empowered our professionals with the training and tools needed to offer flexible mortgage solutions designed to. In more recent times Ranieri, who invests in many firms with varied mortgage strategies, also sits on the board at Shellpoint Partners. Selene Finance LP is dedicated to helping our homeowners preserve and maintain their investment. Selene Finance's parent company was founded by former bond trader and vice chair of Salomon Brothers, Lewis Ranieri. Entities in this category received subsidies through one of TARPs housing programs and arent expected to return the money. The contract is expected to offer opportunities nationwide and Ginnie solicited bids for months before making its selection. The Department of Housing and Urban Development, which oversees Ginnie Mae, did not confirm the contracts. Pay your Selene Finance bill online with doxo, Pay with a credit card, debit card, or direct from your bank account. The other firm is also reportedly Carrington Mortgage Services. Founded in 2007, Selene Finance is an established company that loves to hire graduates from University of Houston, with 18.0 of its employees having. Sources tell HousingWire that Ginnie Mae is displeased with more than a few of its "poorer performing mortgage servicers" and will place those distressed mortgages with one of two selected third-party firms. Specialty mortgage servicer, and subsidiary of Ranieri Partners, Selene Finance reportedly landed a huge contract with Ginnie Mae.