Fifth Third Closing Wholesale Division Just months after cutting back its wholesale lending business, Fifth Third Mortgage is closing down the entire wholesale division. The current regulatory environment was cited.
Stonegate Adding Hundreds of Mortgage Jobs With a recent initial public offering, multiple acquisitions and an expansion of its staff, Stonegate Mortgage Corp. had already established itself as a high-profile growth company. Now the firm has even more growth plans.
Lennar Closing Wholesale Unit Lennar Corp.'s wholesale lending business is calling it quits, bringing to four the number of wholesalers that have closed down this year. Among other recent mortgage-related casualties were two banks, one credit union and a mortgage trade group.