-
New York State has slapped Prospect Mortgage with a $3 million fine for misleading homeowners on their interest rates, and has cited the mortgage lender for several other violations of state law.
October 23 -
CertusBank in Greenville, S.C., has agreed to sell its mortgage and wealth businesses as it tries to move past its history of high expenses and heavy losses.
September 15 -
Buyers still exist for mortgage platforms. The problem is that the gap in pricing expectations for buyers and sellers has widened since refinance activity stalled last summer.
May 15
Farmers Bank & Trust in Great Bend, Kan., has agreed to sell certain assets of its mortgage division to Prospect Mortgage in Sherman Oaks, Calif.
The $752 million-asset bank will sell assets associated with CapWest Mortgage, a call center operation in Stilwell, Kan., that focuses on direct-to-consumer business,
Prospect said that it will add CapWest to its existing direct-mortgage business. Monte Robbins, CapWest's president, will join Prospect as the divisional president responsible for the call center.
