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Newcastle Investment Corp. Message Board

  • rjraecek rjraecek Mar 5, 2013 10:45 AM Flag

    New Purchase

    Newcastle Investment (NCT) jumps 3.1% after inking a deal to acquire up to 50% of a $4.2B UPB portfolio of consumer loans - home and unsecured personal - from HSBC (HBC). Newcastle will team with another Fortress (FIG) affiliate - Springleaf Financial, which will have responsibility for servicing the loans. The total purchase price comes to $3.2B.

    Sentiment: Strong Buy

5.39-0.01(-0.19%)Apr 24 4:03 PMEDT