Lenders are adjusting their retail strategies, with some investing more heavily in distributed retail and others looking more closely at wholesale and direct-to-consumer.
After months of delays, Two Harbors got its shareholders to agree to the company’s acquisition by CrossCountry Mortgage. The deal is expected to close in August.
Two Harbors seeks cash-only offer from UWM; Capital One executive nominated for director of CFPB; SPS settles servicing issues with California; First Federal selling third-party origination business to Mortgage Forward; Sunflower Bank and OceanFirst sell multifamily assets.
Scotiabank’s planned acquisition of MapleMark Bank will provide Scotiabank with FDIC deposit insurance, which could help fund warehouse lending by Scotiabank.