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HomeStreet selling off majority of mortgage business to Homebridge, New Residential, PennyMac

Apr 05, 2019By

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.