25
December 2024
December 2024 ยป
I N D U S T R Y U P D A T E
facilitated more than 96,000 financial
health referrals through SpringFour. In
Q2 of 2024 alone, borrowers conducted
23,504 searches for assistance, with the
highest demand for help with heating,
utility bills, food support, and employ-
ment services.
"At Fay Servicing, our priority is en-
suring that borrowers can stay in their
homes and manage their financial
well-being effectively," said Kimberly
Hare, President of Fay Servicing. "Our
partnership with SpringFour plays a
crucial role in this mission, providing
our borrowers with the resources they
need to overcome financial challenges
and achieve lasting stability."
ROSEGATE
MORTGAGE
JOINS FORCES
WITH RICE
PARK CAPITAL
MANAGEMENT
R
osegate Mortgage LLC, a mort-
gage lender based in Charlotte,
North Carolina, has announced
it has entered into a partnership with
Rice Park Capital Management LP, a
Minneapolis-based private investment
firm. Through the partnership, Rosegate
will be launching a direct-to-consumer
origination platform, which will provide
home financing opportunities for
portions of the approximately $52 billion
portfolio of mortgage servicing rights
(MSRs) held by Rice Park's subsidiary,
Nexus Nova LLC.
"We are excited to work with Rice
Park and eager to grow alongside our
new partner by providing home financ-
ing solutions and a wonderful expe-
rience for both pre-existing and new
customers of Nexus Nova," said Bryce
Bradley, Rosegate's President and CEO.
Craig Freel, Rice Park's President
and Co-CIO said, "We're looking for-
ward to cultivating this relationship as
it gives Rice Park the ability to provide
certain Nexus Nova customers with a
range of options for new loans."
