StellarOne Corporation (NASDAQ: STEL) has said that, through its banking subsidiary, StellarOne Bank, it has entered into an asset sale agreement with Lexington, Tennessee-based First Bank, to sell its wholesale mortgage banking
business located in Greer, South Carolina.
Q: Where is the wholesale mortgage banking
said Monday that it will cut 1,900 jobs and shutter its wholesale mortgage banking
business, a move that comes as lenders continue to struggle in the nation's housing and mortgage markets.
First Franklin is one of the nation's largest mortgage lenders, specializing in wholesale mortgage banking
with more than $20 billion in loan originations per year.
Dawson comes to Anchor with a successful career in both retail and wholesale mortgage banking
, most recently having been Senior Vice President and Director of Wholesale Operations for Republic Mortgage Services Company in Columbia, South Carolina, and its affiliate, First Performance Mortgage Services.
Plymouth Meeting, PA-based Wilmington Finance, Inc (WFI) has announced that it will cease wholesale mortgage banking
originations effective June 17, 2008.
13, WACHOVIA CORPORATION, Charlotte, North Carolina, announced it had signed a definitive agreement to acquire San Diego-based wholesale mortgage banking
firm AmNet Mortgage Inc.
According to AmNet Mortgage, the change links the company more closely with American Mortgage Network (AmNet), San Diego, its wholesale mortgage banking
Wholesale mortgage banking
is now a mature industry with a well-set table and the appropriate number of chairs and place settings.