is to begin direct lending via its own range of mortgages. Starting with buy to let’ mortgages, the move represents the first time the fintech startup has expanded beyond brokerage after it received.
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Capital One Financial Corp. will stop originating mortgage and home-equity loans after competition made it difficult for the businesses to be profitable. The company will cut 905 jobs across offices.
Community bank and mortgage lender HomeStreet is closing several offices and laying. jumbo nonconforming mortgages” and reducing direct origination expenses “by exiting higher cost, lower market.
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WashingtonFirst Bankshares in Reston, Va., has agreed to buy 1st Portfolio Holding Corp., a direct mortgage lender in Fairfax, Va. The $1.4 billion-asset WashingtonFirst said in a press release.
Prospect mortgage, who you might remember recently raised $150 million via a bond issuance, is looking to put some of that money to work acquiring small or medium sized lenders. and is a direct.
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