Non-QM and Investment Property Products; Lender and Bank Mergers

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Posted To: Pipeline Press

Today is the last day for the Supreme Court session, and the rumor is that Justice Anthony Kennedy will soon announce his retirement from the $250k/year position. For lenders, the rumor mill and exaggeration also continue to churn. One low-producing LO or AE is let go, and word spreads that the division or channel is closing. An unprofitable branch is closed, and those displaced are saying the entire company is going under. (Despite profitable branches remaining open and hiring.) And smart companies reinvest in their own personnel rather than paying big bonuses to bring outside producers in. But there are substantial, actual mergers and acquisitions in financial services that continue – see below. Mergers, Acquisitions Commerce Home Mortgage, LLC and its parent company, The Capital Corps…(read more)

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