ebank Financial Wants to Leverage its Thrift Charter and Become a National Mortgage Lender
May 12, 2006
Tiny ebank Financial Services, which owns the Atlanta-based online retail bank, ebank, figured it could leverage its nationally recognized Web technology to become a significant player in the origination game, so it started up a new mortgage company called ebank Mortgage. It might be true that the mortgage market is pulling back from the heady refi boom days, but it does not make any difference to ebank. “The mortgage market is cyclical and has…