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The transitional logo used by PNC Financial Services after it finalized the purchase of National City Corp., January 2009 –June 2010.. The National City acquisition by PNC was the deal by PNC Financial Services to acquire National City Corp. on October 24, 2008 following National City's untenable loan losses during the subprime mortgage crisis.
This 2012 chart shows some of the mergers noted above. Solid arrows point from the acquiring bank to the acquired one. The lines are labeled with the year of the deal and color-coded from blue (older) to red (newer). Dotted arrows point to the final merged entity.
Justin Sullivan/Getty Images By Jim Christie RICHMOND, Calif. -- Richmond, Calif.'s leaders approved Wednesday morning a plan for the city to become the first in the nation to acquire mortgages ...
In April 2021, Newrez a mortgage lending and servicing unit under New Residential agreed to acquire Caliber Home Loans from Lone Star Funds in a $1.675 billion deal. In February 2022, Newrez laid off 386 employees or about 3% of its mortgage division. [9] In October 2021, New Residential acquired Genesis Capital from Goldman Sachs. [10]
Accenture Completes Acquisition of Mortgage Cadence Accenture Credit Services Will Now Include Mortgage Origination Technology to Help Lenders Industrialize their Operations NEW YORK--(BUSINESS ...
Ellie Mae has announced plans to acquire MortgageCEO, a provider of CRM and marketing solutions to banks, credit unions, and mortgage company. While the financial details of the merger were not ...
In 2012, Guaranteed Rate acquired Manhattan Mortgage, a residential mortgage brokerage in the New York Metropolitan Area. [33] Founded in 1985 by Melissa L. Cohn, the company employed more than 100 home loan professionals and originated loans in New York, Vermont, Massachusetts, Connecticut, Florida and New Jersey. [34]
Nationstar Mortgage Announces Agreement to Acquire Approximately $215 Billion in Mortgage Servicing Assets from Bank of America LEWISVILLE, Texas--(BUSINESS WIRE)-- Nationstar Mortgage Holdings ...