Home Lending, Servicing Rises at Lake Mich CU
A healthy increase in mortgage originations was reported by Lake Michigan Credit Union. Also expanding was the organization's servicing portfolio.
HSBC Cutting Nearly 200 Florida Jobs
The wind down of HSBC Holdings Plc.'s U.S. finance unit has nearly 200 Florida employees losing their jobs during the next few months.
Bank Unloads Mortgage Business
The mortgage banking remnants of a bank that failed during the depths of the financial crisis have been scooped up by one of the nation's biggest lenders.
Reverse Mortgage Business Acquired
The reverse mortgage unit of a Maryland-based home lender has been sold in a transaction that promises to create a top-tier reverse mortgage lender.
Ginnie MSRs Being Offered on Behalf of Failed Bank
An auction is being held for mortgage servicing rights on Government National Mortgage Association loans from a financial institution that failed last month.
Marketplace Home Lender Closing Down
A four-year-old marketplace home lender that was created to transform the manual mortgage process is closing down. Among the factors cited for the demise was regulation.
Stearns Lending Makes Acquisition
Just months after unloading its own correspondent lending platform, Stearns Lending LLC has made an acquisition that includes a correspondent business.
AMC Acquisitions, Partnerships and Expansions
In the valuation industry, an appraisal management company has been acquired, while several AMCs have partnered to create a bigger firm. Other AMCs have enhanced their offerings.
Stonegate Acquisition a Done Deal
After less than four years as an independent, publicly traded company, Stonegate Mortgage Corp. has, itself, been acquired.
123-Year-Old Bank Fails
A 123-year old financial institution that was able to weather the Great Depression was unable to survive the Great Recession.