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Home » Store » Taxable » Irwin Financial Doesn’t Like the Mortgage Business Anymore; GMAC Spinoff Sputters Along

Irwin Financial Doesn’t Like the Mortgage Business Anymore; GMAC Spinoff Sputters Along

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The mortgage business isn’t what it used to be and that is why Irwin Financial Corp. wants to shed its mortgage business. Irwin just can’t make the kind of profits it wants from Indianapolis-based Irwin Mortgage, said Chairman Will Miller last week. It’s true that a good portion of Irwin’s growth came from the mortgage business, but that was in the 1990s, Miller said. …
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