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Crednology Holding Corp Announces Further Expansion of the Company's ...
http://www.marketwatch.com/story/crednology-holding-corp-announces-further-expansion-of-the-companys-subsidiaries-2014-01-23?reflink=MW_news_stmp
"We believe that with team leaders like Romel Carlton, Bob Klesath, and former Amstar Mortgage CEO Howard Wayland at the wheel, this group is poised to do great things," stated Troy Fields, Sr. Executive VP. "We are very pleased to have them as dealer 

AmStar Mortgage - Market Update 2-2-12.mp4

Market Update for Realtors - Job Market, Consumer Spending & Home Sales Create a Picture of What's to Come

Lehman Closes Subprime Unit and Lays Off 1200

Lehman Brothers , a leader in packaging subprime mortgages into securities, said yesterday that it would shut one of its home lending units and lay off 1,200 employees. The bank said it would take a $52 million charge to third-quarter earnings.

“Lehman Brothers announced today that market conditions have necessitated a substantial reduction in its resources and capacity in the subprime space,” the firm said in a news release.

The announcement came on a day when Wall Street’s concerns about the credit markets seemed to ease, at least for now; the three major markets all rose more than 1 percent. The rush to the safety of short-term Treasury markets also slowed.

As part of the effort to calm the markets, several banks, at the prompting of the Federal Reserve, borrowed $2 billion from the discount window.

KKR and KSL Buy Travel Packager Apple Leisure from Bain Capital

Private equity firms KKR & Co. (NYSE: KKR) and KSL Capital Partners LLC have teamed to purchase vacation hospitality company Apple Leisure Group from Bain Capital Private Equity . Terms of the deal were undisclosed.

Apple Leisure is a Newtown Square, Pennsylvania-based travel and hospitality group that focuses on all-inclusive packaged travel and hotel management in Mexico and the Caribbean. The conglomerate’s collection of travel and leisure businesses include destination management and travel distribution brands such as: AMResorts, Amstar, Apple Vacations, Travel Impressions, Unlimited Vacation Club, CheapCaribbean.com and Worldstar DMC.

KSL, headquartered in Denver, Colorado, is a private equity firm that targets investments in travel and leisure businesses. The firm can invest up to $400 million in equity per transaction and has previously invested in a plethora of well-known properties, including: the Village Urban Resorts in the U.K. ; the Belfry, home to the PGA National Golf Academy and other golfing events, in the West Midlands of the U.K.; and the Miraval Resort & Spa in Tucson, Arizona. The firm also owns ski resorts Squaw Valley and Alpine Meadows in California. The PE firm has an additional office in London.

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