M&A
M&A
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The company has agreed to buy the operations of Veterans Mortgage in Salt Lake City.
December 12 -
SunTrust sold an insurance financing unit that it deemed noncore, but it is on the lookout to buy more complementary businesses such as a CRE lender it acquired last year.
December 6 -
The Tennessee company also set high expectations for revenue opportunities while projecting it will deliver a 15% return on equity in 2019.
December 5 -
A New York banker who mastered the art of buying low and selling high, broke industry norms and learned from his mistakes in commercial real estate, John Kanas became a model regional bank builder. After stepping down as BankUnited's CEO last year, he wants to do "one more thing" before fully calling it quits.
November 28 -
HomeStreet's CEO said mortgage expansion and bank acquisitions — concerns highlighted recently by Blue Lion Capital — are helping the company diversify.
November 27 -
The Michigan company, which lost more than $1.4 billion in the aftermath of the financial crisis, is trying to become more of a commercial lender. Its recent agreement to buy a deposit-rich franchise in California could help it get there.
November 21 -
Blue Lion Capital believes a heavy focus on mortgages and acquisitions is hurting HomeStreet's financial performance.
November 21 -
Mortgage Contracting Services will acquire Carrington Home Solutions' property preservation division in a deal expected to close by the end of the year.
November 20 -
Mid America Mortgage's deal to acquire the assets of two Oklahoma City-based lenders will double the Addison, Texas, company's loan volume.
November 15 -
The J.G. Wentworth Co.'s financial results improved in the third quarter, due in part to an increase in mortgage originations, but it continued to operate at a loss.
November 14