Despite heralding the investment made by Thomas H. Lee Partners, Guaranteed Rate will not say how much the PE firm invested or how large of a stake it acquired…
Since the beginning of the year, at least 11 mortgage banking franchises have come to terms with new owners, representing annualized loan production of $70.3 billion – enough volume to rank as the nation’s fourth largest lender, according to figures compiled by Inside Mortgage Finance. [Includes one data chart.]
A Wells Fargo spokesman: "We currently have 33 home lending locations in those states and no home lending team members will be moving to Flagstar as part of this divestiture."