Items Tagged with 'HomeStreet Bank'

ARTICLES

  • HomeStreet Bank moves to sell off almost entire mortgage business

    Lender’s mortgage business has struggled recently
    After struggling to keep up with the mortgage business’ new reality of lower refinance originations due to higher mortgage interest rates, HomeStreet Bank is plotting a mass exodus from the mortgage business. The bank announced Friday that it is planning to sell off its entire retail mortgage operation, which includes 72 home loan centers in five states.
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  • HomeStreet to sell a piece of its mortgage servicing portfolio

    Bank will sell $5B of its single-family MSRs to Matrix Financial
    Seattle bank HomeStreet announced this week it will sell a piece of its mortgage servicing rights to Matrix Financial Services. The deal, which includes an unpaid principal balance of $4.9 billion in single-family MSRs, amounts to approximately 20% of the bank’s single-family servicing portfolio.
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  • HomeStreet appoints Mark R. Patterson to board of directors

    Patterson to serve on boards for HomeStreet Bank and its parent company
    HomeStreet, the parent company of HomeStreet Bank, announced Thursday it has appointed Mark R. Patterson to the board of directors for both the company and the bank. Patterson will also serve as a member of HomeStreet Bank’s finance committee, as well as the enterprise risk management committee for its parent company.
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