Items Tagged with 'retail lending'

ARTICLES

  • Stearns Lending continues expansion, buying piece of Citywide Home Loans

    Also closes on acquisition of minority stake in Certainty Home Loans
    Over the last few years, Stearns Lending has been in growth mode, rolling out new loan programs and acquiring new lending channels, and it appears the company is not done growing yet. Stearns announced Tuesday that it plans to acquire an equity interest in Citywide Home Loans, an independent mortgage bank with operations in 36 states.
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  • loanDepot CEO personal net worth reportedly at $2 billion

    Anthony Hsieh set to get even richer with Amazon at the door
    While Amazon continues to build a mortgage division within its ranks, the online giant reportedly continues to search for a strategic acquisition to buy into the mortgage retail space. One name often put forward is loanDepot, though CEO Anthony Hsieh is already reportedly doing just fine without needing to sell the company.
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  • AIME: The real story is borrowers simply get a better deal using brokers

    Trade group responds to Quicken/UWM conflict
    "The disparity between the rates being offered to consumers by independent mortgage brokers through the Quicken Loans Wholesale division in comparison to the rates being offered to consumers if they go directly through Quicken Loans retail or Rocket Mortgage is substantial," said AIME Chairman Anthony Casa.
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  • Chicago-based MB Financial Bank shuttering national mortgage origination business

    Will maintain Chicago-area origination operation
    Citing the “highly competitive” mortgage lending environment, Chicago-based MB Financial Bank is shuttering its national mortgage origination business. MB Financial has 49 mortgage retail offices in 16 states, in addition to its 86 Chicago-area retail banking branches. The company said that its Chicago-area mortgage operation will remain open, while its national presence will be eliminated.
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  • Nations Reliable Lending rebrands, becomes NRL Mortgage

    Houston-based lender says new brand will help company grow retail lending
    Nations Reliable Lending, a Houston-based mortgage lender that operates more than 70 locations in 45 states, is rebranding. Going forward, the company will be known as NRL Mortgage. The company said that one of the goals of the rebrand is to grow its retail lending platform.
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  • Planet Home Lending taps Mike Lee to lead distributed retail expansion

    Lee named senior vice president of nation production
    Planet Home Lending originated $3 billion in mortgages in 2016. The company wants to grow that figure to $5 billion next year. As part of the company’s plan to get there, Planet Home Lending is planning an expansion of its distributed retail lending channel, and tapping Mike Lee to lead the effort.
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  • TCF Bank completes acquisition of Rubicon Mortgage Advisors

    Rebranding as TCF Home Loans
    TCF National Bank, a Minnesota-based depository, announced that it has completed its acquisition of Rubicon Mortgage Advisors, a mortgage lender with offices in Minnesota and North Dakota and licenses to operate in South Dakota, Wisconsin, Colorado, and California.
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  • Private equity firm Thomas H. Lee Partners takes ownership stake in Guaranteed Rate

    Firm makes “material capital and strategic investment” in growing lender
    Back in October, private equity firm Thomas H. Lee Partners acquired a majority interest in Ten-X, the parent company of Auction.com, but that’s not the only significant investment in the housing industry that the firm is making this year. The firm is also investing in Guaranteed Rate and taking an ownership stake in the growing retail mortgage lender.
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  • Flagstar launching expansion of retail mortgage lending operation

    Opening 12 new loan centers, hires two regional sales directors
    Flagstar Bank announced it is expanding its retail mortgage lending operation, nearly doubling its retail home loan centers and hiring two regional sales directors to lead those operations. The move falls in line with the lender's new focus on the purchase market.
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