This is news?
By: Housing Wire staff
May 15, 2008
Some of the industry’s trade press today is buzzing about a potential exit from mortgage banking by Tennessee-based First Horizon National Corp. — and we can’t help but scratch our heads.
After all, HW reported on the potential exit way back in the middle of April, as company executives said then that they were likely to exit the business, if it couldn’t be sold.
Which means, we suppose, that you could be paying our competition to read month-old news — or you could just read HW, and know weeks before everyone else does.
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May 18th, 2008 8:42 pm by Rajiv Surant
First Horizon/First Tennessee or as we like to call them internally the “Last Place You’d Want to Work” has been trying to dump their bloated mortgage division for months. Currently MetLife is kicking the tires; just another misguided buyer in a string of bad decisions by this bank. The mortgage group has been bleeding money for over a year and the collective brain trust in Dallas and TN can’t make a decision to dump this garbage.
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2008 Aug 12
Western States Loan Servicing Conference
Annual servicing industry conference hosted by the CMBA; usually well attended on a national level.
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