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As of Wed 11/26/2014 03:44 PM EST | USD
Newcastle Announces Third Quarter 2014 Results
Newcastle Investment NCT recently executed an agreement to purchase a $1.7 billion portfolio of subprime mortgages. This is the company's second foray into the subprime loan market in the past year. CEO Kenneth Riis said the problems in the subprime market have created a "unique opportunity." Given ...
On Thursday, Newcastle Investment NCT released its 2006 results and announced the appointment of Kenneth Riis as CEO. Riis, who has been president of Newcastle since its inception, replaced Wesley Edens, who remains as chairman. This is the first major change since Fortress Investment Group FIG, ...