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Home » Store » News » GE Re-Enters Mortgage Lending, Targets Alt-A Market With Proposed Buy of WMC Finance

GE Re-Enters Mortgage Lending, Targets Alt-A Market With Proposed Buy of WMC Finance

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General Electric is buying its way back into the mortgage market through the purchase of an established nonprime wholesaler, WMC Finance. The deal, which is expected to close later this summer, will bring GE back into a mortgage origination market that it abandoned nearly five years ago. Terms of the deal were not disclosed, but some reports have suggested that GE’s consumer
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