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November 26, 2015 2:13 AM ET

Thrifts and Mortgage Finance

Company Overview of Selene Finance LP

Company Overview

Selene Finance LP offers residential mortgage loans services. It provides loan resolution strategies for home ownership preservation. Selene Finance LP was founded in 2007 and is headquartered in Houston, Texas.

9990 Richmond Avenue

Suite 400 South

Houston, TX 77042

United States

Founded in 2007





Key Executives for Selene Finance LP

Chief Executive Officer and Chairman of the Board
Compensation as of Fiscal Year 2015.

Selene Finance LP Key Developments

Selene Finance, LP Names Tom Donatacci as Executive Vice President of Business Development

Selene Finance, LP announced that mortgage industry veteran Tom Donatacci is joining the firm on November 30 and will lead all business development efforts. Mr. Donatacci joins Selene Finance from Clayton Holdings, where he served as the executive vice president of sales. Prior to that, he was the senior managing director of sub-servicing and MSR transactions at GMAC ResCap where he was responsible for all fee-based, third-party businesses including primary mortgage servicing, master servicing and special servicing. Mr. Donatacci also held senior positions in sales, MSR trading and mortgage banking mergers and acquisitions at Lehman Brothers/Cohane Rafferty and PaineWebber.

Selene Finance LP Announces Executive Changes

Selene Finance LP announced that its Board of Directors has named Joseph A. Pensabene as the company's next chief executive officer. He will also be elected to the Board of Directors. His employment with Selene is effective August 3, 2015. Pensabene joins Selene with more than 20 years of experience at some of the nation's residential mortgage companies. As Selene's new CEO, Pensabene's top priorities will be accelerating the company's growth and advancing Selene's status as a premier residential special servicer. Pensabene will be based in Horsham, PA. Pensabene most recently served as the managing director of lending operations at Bayview Loan Servicing. Selene Finance also announced that Larry Litton, Jr. has elected to retire. Litton was previously the CEO of Selene Finance and had joined the firm in 2011.

Carrington Mortgage Services, LLC and Selene Finance LP Win $1,127,171,244.60 and $1,354,116,832.95 Federal Contracts

OCPO, GNMA Support Division, NPG (Department of Housing and Urban Development), GNMA Support', has awarded a $1,127,171,244.60 and $1,354,116,832.95 federal contract to Carrington Mortgage Services, LLC and Selene Finance LP on Fe 12 for 'Single Family Master Subservice Services'.

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