1st Metropolitan Mortgage, Charlotte, N.C., a top ranked loan broker, has confirmed that it reached a deal to merge with another lender and then become part of Hestia Financial of Dallas. Daniel Jacobs, president of 1st Metropolitan, told National Mortgage News that "we've signed a deal." The move will allow 1st Metro to become a mortgage banking firm. No price was disclosed. The deal could close within 30 to 90 days, depending on regulatory approvals. (For the full story see the Monday edition of NMN.)
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