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Volume 2014 - Number 21

May 29, 2014

Ex-Cole Taylor Mortgage Chief Teams Up with Stone Point, Hopes to Spend ‘Several Hundred Million’ on Acquisitions

It’s a buyer’s market for mortgage firms these days, and former Cole Taylor Mortgage Chief Executive Willie Newman couldn’t be in a better place: He’s teamed up with Stone Point Capital, a hedge fund that has committed several hundred million dollars to the purchase of residential lenders. “We have a lot of plans,” Newman told Inside Mortgage Finance. “We plan to be in originations, servicing, capital markets and multi-channel production.” It was...

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