Wholesale mortgage banking

Wholesale mortgage banking

The purchasing of loans originated by others, for the acquisition of the servicing rights.
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I cherish reading and writing for Mortgage Banking, going all the way back to 1989 when Phil Bracken and I wrote an article outlining all the reasons why wholesale mortgage banking was the wave of the future.
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.
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 subsidiary.
For the past 11 years, wholesale access - our research, advisory and publishing company specializing in wholesale mortgage banking - has annually collected, compiled, examined and shared information about wholesale lending activity with Mortgage Banking's readers.
Wholesale mortgage banking, correspondent lending, purchased production, third-party originations - call it what you will - this form of mortgage banking has grown dramatically in both volume and importance in recent years.
Tom LaMalfa and David Olson are the managing partners of Wholesale Access, a research, consulting and publishing company specializing in wholesale mortgage banking. The firm publishes The Wholesale Directory, The B-D Wholesale Directory and quarterly reports on the wholesale and home equity markets.
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