With its agreement to buy KS StateBank’s residential mortgage operation, Kansas-based Armed Forces is going all in on home lending.

The transaction expands the investment management company’s portfolio of mortgage and real estate companies, which includes Selene, Deephaven and Progress Residential.

After closing its merger with Caliber, the company also hopes to pare down expenses by at least 10%.

The deal for Michigan-based Flagstar Bancorp, announced in April, was originally expected to be completed by the end of the year. The New York bank’s CEO expressed optimism that it will still get regulatory approval.

Maxwell, a startup that operates an online platform catering to mortgage loan officers and smaller lenders, raised $28.5 million in equity funding from investors led by the venture firm Fin VC and Wells Fargo Strategic Capital.

The Alabama company agreed to buy two nonbank lenders earlier this year. It’s still on the lookout for possible deals, potentially in corporate finance or wealth management, its chief financial officer told American Banker.

The deal is the investment company’s second since it launched on Sept. 28.

Goldman Sachs, Truist and Regions have all made deals to acquire home improvement lenders. Here's why their executives are so bullish on the sector.

The Indiana company told investors that it’s ready to complete its combination with First Midwest Bancorp but that it’s unclear whether a recently filed mortgage discrimination lawsuit will get in the way of Fed approval.

Also, Guaranteed Rate launches lending outreach to Spanish speakers, AmTrust Title creates head of technology role and UMortgage brings on a training specialist.

Genesis, based in Sherman Oaks, California, has originated more than 12,000 loans since 2014.

With a huge wave of consolidation expected soon, lenders must carefully adjust their mix of personnel and technology to stay profitable, whether they plan to continue to compete or sell.

Also, Freddie Mac and Fannie Mae's securitization platform shuns private-label market, UniversalCIS and Credit Plus merge and Arizent research shows work remains to reach industry DEI goals.

An Indiana housing nonprofit wants the Fed to take a closer look at the proposed merger. Its latest move is a lawsuit that alleges racial discrimination by the regional bank.

The real estate franchisor will retain its full ownership in the title agency, escrow and settlement services business.

The debt crisis engulfing China's property market intensified as another developer defaulted on its bonds and a rival saw its credit score slashed.

The agreement with affiliate partner ForumPay would allow buyers to convert digital assets at a fixed rate and transfer them directly into escrow.

The combined companies will have over 6,500 clients for its services.

The acquisition of Sabal Capital Partners, which has been growing its footprint in commercial mortgage-backed securities lending, will help the Alabama bank build out its capital markets business.

Minorities are expected to drive future homeownership growth, but the corporate suites have yet to catch up with demographics