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Home » Store » News » Irwin Mortgage Closes the Sale of Its Residential Mortgage Platform to Freedom for $275m Cash

Irwin Mortgage Closes the Sale of Its Residential Mortgage Platform to Freedom for $275m Cash

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Irwin Mortgage has completed the sale of nearly its entire conforming mortgage platform to Freedom Mortgage. The final purchase price was $275 million in cash. The sale will enable Irwin to focus on its non-conforming and HELOC businesses. It also means that the firm is shedding a platform that had a net loss of $5.19 million, which was caused in part by a huge decline in net interest income...
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