WHY USA Financial Group Inc., Bloomington, Minn., has announced the acquisition of TCS Mortgage Inc., a San Diego-based mortgage banker.The terms of the transaction were not disclosed. WHY USA said TCS has operations in California and Nevada and specializes in new construction and new-home sales. The combined originations of TCS and WHY USA's other mortgage subsidiary, Discover Mortgage, totaled more than $500 million in 2003, the company said. "This transaction brings us much closer to our strategic goal of becoming a national force in the fulfillment of comprehensive real estate, mortgage, and lending services," said Don Riesterer, chairman of WHY USA. The company can be found online at http://www.whyusa.com.
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