Items Tagged with 'HomeBridge Financial Services'

ARTICLES

  • HomeStreet Bank sells off more of its mortgage business to Homebridge

    Completes second phase of mortgage business sell-off
    HomeStreet Bank's move away from mortgages is nearing its completion, as the bank announced Monday that it has completed the second part of the sale of a sizable piece of its origination business to Homebridge Financial Services. According to the companies, the second part of the deal brings the total number of office locations acquired in the deal to 47.
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  • Homebridge expands mortgage business by acquiring retail loan centers from HomeStreet Bank

    Completes first part of acquisition
    Two companies that share similar names are heading in different directions in the mortgage business – HomeStreet Bank is moving away from mortgage lending, while Homebridge Financial Services is diving in. Homebridge announced this week that it has acquired HomeStreet’s mortgage loan production branches and fulfillment functions in Washington, Oregon, and Idaho, including processing, underwriting and funding, and hired the related personnel.
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  • HomeStreet selling off majority of mortgage business to Homebridge, New Residential, PennyMac

    Origination business going to Homebridge; MSRs to New Res, PennyMac
    HomeStreet Bank's move away from mortgages is nearly complete. Earlier this year, HomeStreet announced that it was planning to shift its business away from mortgages by selling off its retail mortgage origination business and a big chunk of its mortgage servicing rights. Now, the bank has found buyers for its mortgage business: Homebridge Financial Services, New Residential Mortgage, and PennyMac.
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  • HomeStreet Bank finds a buyer for its retail loan centers: Homebridge

    Reaches non-binding agreement to sell to Homebridge Financial Services
    In a deal that will likely make changing the outside signage a little easier, HomeStreet Bank inked a deal to sell part of its retail mortgage business to Homebridge Financial Services. The deal would likely include HomeStreet's 72 home loan centers in five states as well as a number of mortgage professionals.
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  • HUD says Homebridge is the industry's top renovation mortgage lender, again

    Mortgage lender holds title for second consecutive year
    Amid inventory and affordability concerns, homeowners are increasingly turning to home renovations to meet their housing needs. While several lenders offer renovation mortgages, the U.S. Department of Housing and Urban Development has revealed that Homebridge Financial Services leads the pack for the second consecutive year.
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  • HomeBridge completes purchase of operating assets of Prospect Mortgage

    Adds 500 mortgage loan originators from Prospect
    After first announcing the move in November of last year, HomeBridge Financial Services, a national independent mortgage lender, officially completed the purchase of the operating assets of Prospect Mortgage. The purchase brings HomeBridge to the next level, making it one of the largest nonbank mortgage lenders in the country, with retail branches nationwide and two wholesale divisions.
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  • HomeBridge buys operating assets of Prospect Mortgage

    Will become one of the largest mortgage lenders
    The latest news in mergers and acquisitions brings together two companies that, when combined, will become one of the largest nonbank mortgage lenders in the country. HomeBridge Financial Services, a national independent mortgage lender, announced it will purchase the operating assets of Prospect Mortgage from Prospect Holding Company.
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  • HomeBridge hires Fannie Mae veteran

    Alex Saphos joins as investor relations advisor
    After a 40-year career in the mortgage industry, including 30 years with Fannie Mae, Alex Saphos joins HomeBridge Financial Services. Here’s what he brings to the table, and what it means for the company.
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