Bank Buying Texas Mortgage Banker
A deal has been negotiated for a home lender out of North Texas that funds nearly $0.2 billion a year to be acquired by a bank out of Abilene, Texas.
Founders Re-Acquire FBC
After three years under the ownership of another company, the founders and management of FBC Mortgage LLC have taken the company back.
HLSS Acquisition Converted to Asset Sale
Instead of completing an acquisition agreement with another company, Home Loan Servicing Solutions LTD will now sell off its assets.
BofA Settles Taylor Bean Lawsuits
A pair of lawsuits filed against Bank of America Corp. for its alleged role in losses suffered by note holders of a Taylor Bean & Whitaker Mortgage Corp. unit have been settled.
Layoffs Resulting from FHLB Merger
An upcoming merger of two government-sponsored enterprises will result in the layoff of more than a hundred employees.
National Lender Agrees to be Acquired
A company that has made a name for itself investing in structured settlements has made a significant investment in a national mortgage banker.
Frmr Officers, Directors of Failed Chicago Bank Sued
Millions of dollars in losses suffered by a failed Chicago bank were the result of negligence by former officers and directors, according to a federal regulator's lawsuit.
Merger Creates Finance Company Giant
Former subprime home lending giants that have since abandoned the mortgage business are merging through an acquisition.
Nationstar Affiliate to Acquire Ocwen Affiliate
Facing a potential default, an affiliate of Ocwen Financial Corp. has reached an agreement to be acquired by a Nationstar Mortgage Holdings Inc. affiliate.
2 Financial Institutions Fail
Two financial institutions have recently been shuttered -- including one that had more than a quarter-billion dollars in assets.