Items Tagged with 'Citizens Bank'

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  • Citizens Bank completes acquisition of Franklin American Mortgage

    Deal originally valued at $511 million
    Citizens Bank’s acquisition of Franklin American Mortgage is now complete. Citizens said that the deal will triple the size of its off-balance sheet mortgage servicing portfolio and more than double its mortgage origination platform. When it was announced, the deal was originally valued at $511 million.
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  • Citizens Bank buying Franklin American Mortgage for $511 million

    Citizens claims deal will push bank into nation’s top 15 mortgage companies
    Citizens Bank is about to significantly grow its mortgage business, announcing Thursday that it reached a deal to acquire Franklin American Mortgage Company in a $511 million deal. Citizens said that the deal will triple the size of its off-balance sheet mortgage servicing portfolio and more than double its mortgage origination platform.
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  • Airbnb hosts can now use income in refinance mortgage apps

    Fannie Mae, Quicken Loans and other lenders join partnership
    Airbnb announced today it is partnering with some of the largest U.S. lenders to allow host income to be used in mortgage applications. The company partnered with Fannie Mae, Quicken Loans, Better Mortgage and Citizens Bank in its latest initiative to consider home-sharing as a tool for earning extra income when it comes to refinancing a home.
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