Irwin Financial Makes Good on Promise and Seals Agreement to Unload Irwin Mortgage to Freedom
August 18, 2006
Ending months of speculation, Freedom Mortgage Corp. of Mount Laurel, NJ is buying Irwin Mortgage. The companies did not disclose the terms. Parent Irwin Financial openly declared its dislike for the conventional mortgage unit in February. Chairman Will Miller complained then that the industry’s volatility over the past couple of years had soured the firm’s taste for selling first mortgages despite it being a profitable endeavor for most of those years...