As part of a partnership agreement the two companies entered into, the Ramquest and E-closing platforms have shifted ownership for an undisclosed price.

University Bancorp was to acquire a 50.5% stake in Blue Water, however the deal announced in July had yet close and Voxtur is starting a strategic review.

The acquisition adds mortgage warehouse lending to Minnesota's Stearns Bank, the latest to offer the service during a multiyear period that has seen several new entrants and exits.

Over 300 ex-Flagstar employees, initially acquired by Mr. Cooper, will transition to A&D Mortgage.

The lenders with similar production volume combined their branch network on opposite sides of the country.

Banks seeking to offload CRE assets are finding a receptive marketplace while regulators have managed to keep the situation in balance, observers say.

The acquisition adds proprietary mortgage-origination software to the company's loan operating system, now called LowerOS.

Products belonging to Amynta Group's newly acquired Crum & Forster platform included coverage aimed at protecting mortgage loan portfolios from borrower default.

Proceeds from the sale will be used by HomeStreet to pay down Federal Home Loan Bank advances and brokered deposits.

After Nexpoint refused to vote via its proxies at the UDF IV annual meeting, the existing directors supporting the sale to Ready Capital were declared elected.