HHC Finance, based in Bethesda, Maryland, focuses on helping to finance nursing homes, apartment buildings catering to seniors, and other facilities.

The transaction takes depository-focused nCino into the independent mortgage banking side of the lending business.

Advocates negotiating with the Minneapolis bank also want commitments for mortgage assistance and payouts to financial nonprofits. The pressure for Federal Reserve hearings coincides with Biden administration calls for more scrutiny of big bank mergers.

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.

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.