Springleaf Sells Part Of $1B Real Estate Mortgage Cache

Law360, New York (March 11, 2014, 1:10 PM EDT) -- Springleaf Financial Corp. is selling portions of a nearly $1 billion real estate mortgage portfolio to three separate buyers, the company said Tuesday, as part of the private equity-backed lender's continued plan to liquidate its legacy mortgage portfolio.

One of the buyers is real estate investment trust New Residential Investment Corp. The other two buyers were not disclosed. New Residential said in a statement on Tuesday that its deal with Springleaf took place last Thursday, and that it expects the deal to be completed by the...
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