twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Stonegate Emerges from Acquisitions as Billion Dollar Player

2 acquisitions completed

Dec. 20, 2013

By Mortgage Daily staff

Stonegate Mortgage Corp. has completed its second acquisition since executing an initial public offering. Based on year-to-date originations from the combined units, monthly production exceeded $1 billion.

The IPO was completed by the Indianapolis-based company in October. The transaction was expected to generate around $136 million in capital.

Earlier this month, Stonegate put its new capital to work by closing on the purchase of Nationstar Mortgage Holdings Inc.'s wholesale lending division. That deal also included 200 employees and certain distributed retail assets.

On Friday, Stonegate disclosed that it has closed on the acquisition of Crossline Capital Inc.

The Crossline deal was originally announced last month.

"Stonegate is committed to expanding our retail mortgage origination footprint through strategic acquisitions that will enable us to provide services directly to the consumer," Stonegate Mortgage Chief Executive Officer Jim Cutillo said in the statement. "Crossline Capital's call center and retail branch network is in well-established markets with limited overlap to Stonegate's retail locations, so this is highly complementary to our existing operations. As part of the acquisition, Stonegate has gained a team of leaders from Crossline with real in-market knowledge and relationships."

Lake Forest, Calif.-based Crossline was acquired from its CEO and sole shareholder, Timothy R. Elkins. It is reportedly licensed in 20 states and approved as a Fannie Mae seller-servicer.

Elkins noted in the announcement that Crossline had already been financing loans through Stonegate-subsidiary NattyMac.

Originations at Crossline were $572 million during 2012 and totaled $374 million during the first nine months of 2013.

Including $4.8 billion in production generated year-to-date Sept. 30 through Nationstar's wholesale unit and $6.3 billion funded by Stonegate, itself, the combined organization -- pre- and post-acquisition -- originated a total of $11.5 billion from Jan. 1 through Sept. 30.

Crossline will be operated as a wholly-owned subsidiary of Stonegate.

Stonegate Making Another Acquisition (Nov. 21, 2013)
Stonegate Mortgage Corp. is putting its newly acquired capital to work with another agreement reached to buy a mortgage production business.

Stonegate Mortgage profile

next story

back to current headlines

The Mortgage Graveyard
Failed, closed and a c q u i r e d mortgage-related entities.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders