Homebridge Financial Services, Inc. Acquires HomeStreet Bank’s Home Loan Center-Based Mortgage Origination Business

HomeStreet, Inc. or, the parent company of HomeStreet Bank, today announced the initial closing of the sale of assets and transfer of offices and personnel to Homebridge Financial Services, Inc.. HomeStreet was advised in the transaction by Keefe, Bruyette& Woods, A Stifel Company as financial advisor and Mayer Brown LLP and Davis Wright Tremaine LLP as legal.

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HomeStreet will initially receive nearly $5 million from Homebridge Financial Services, based on the net book value of the acquired. to sell the home loan centers and MSRs. "The sale of the home.

According to HomeStreet, it is selling off a sizable piece of its mortgage origination business to Homebridge. through its bank branches, online banking services, and affinity relationships. “The.

Homebridge Financial Services, Inc. (Homebridge), one of the largest independent mortgage lenders in the U.S., has completed phase one in the acquisition of the distributed retail mortgage banking.

Homebridge Financial Services has completed phase one in the acquisition of the distributed retail mortgage banking segment of HomeStreet Bank, a wholly-owned subsidiary of HomeStreet Inc. Phase one ..

In a move guaranteed to increase Homebridge Financial Services, Inc.’s robust mortgage lending services, Homebridge has acquired the assets of a majority of HomeStreet Bank’s stand-alone home loan centers. HomeStreet Bank is a wholly owned subsidiary of HomeStreet, Inc. (Nasdaq: HMST).

As part of the initial closing 30 stand-alone, satellite, and fulfillment offices related to the Bank’s home loan center-based single family mortgage origination business, have been transferred to Homebridge.

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HomeStreet Inc., the Seattle-headquartered parent company of HomeStreet Bank, has announced the sale of 50 of the bank’s single-family mortgage origination offices to Homebridge Financial Services..

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HomeStreet, Inc. HMST. company of HomeStreet Bank (“HomeStreet Bank”), announced today that it has retained Keefe, Bruyette & Woods to seek buyers to acquire its stand-alone home loan centers and.

SEATTLE–(Business Wire)–HomeStreet. Homebridge Financial Services, Inc. (“Homebridge”). As part of the initial closing 30 stand-alone, satellite, and fulfillment offices related to the Bank’s.

SEATTLE–(BUSINESS WIRE)–HomeStreet. Financial Services, Inc. (“Homebridge”). As part of this closing an additional 17 stand-alone, satellite, and fulfillment offices related to the Bank’s home.