Former mortgage banker Walter C. Klein, who managed such lenders as First Nationwide Mortgage and Sears Mortgage during his long career, died this past Monday after a battle with renal carcinoma. His age was not immediately available. In 2002 Citigroup purchased Frederick, Md.-based First Nationwide and its bank parent. Mr. Klein stayed for a few months in a transition mode and then moved on. During his career he also worked as an executive consultant at Cerberus Operations and Advisory Co. and Aztec American Bank. His wife, Patricia, a daughter and two grandchildren survive him.
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The filing alleges TWO executives engaged in a "stealth mission" to get the deal canceled, including subverting participation in a March shareholder vote.
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Some equity and credit agency researchers have lowered their sights in line with market changes, but their forecasts suggest stability for those that pivot.
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The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
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The arm of the asset management giant is paying over $100 million for the Cherry Hill business started in part with Freedom Mortgage over a decade ago.
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The average down payment across the list was 17.1%, well above 13.1% nationally, and the median credit score was 766, compared with 747 countrywide.
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HBT Financial in Bloomington, Illinois, has agreed to acquire Tri-County Financial Group in a deal valued $204.6 million.
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