Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
W S
Lending / The Ticker

VantageSouth creates division to lend to homebuilders

/ Print / Reprints /
| Share More
/ Text Size+

The subsidiary of $794 million-asset Crescent Financial in Raleigh announced Monday it has launched a division to address the financing needs of residential builders and developers in Virginia and the Carolinas.

The company said it has named Bill Bickett to lead the group, which also includes Clark Gregory and Jay Hall. All three men worked at worked together at Royal Bank of Canada's U.S. subsidiary before it was bought by PNC Financial Services Group (PNC) in March. Loans to construction firms contributed to the unit's financial troubles before its takeover by PNC.

Source: American Banker
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus