TPG Mortgage Investment Trust is acquiring Cherry Hill Mortgage Investment Corp. in a deal that will create a larger non-agency portfolio. Processing Content The combined companies will run an investment portfolio of $9 billion, 72% of which will be composed of non-agency residential credit, they said Monday. The cash-and-stock deal by TPG, which trades under […]
TPG buys Cherry Hill REIT to expand non-agency platform Read More »
Buyers are paying up for homes with more space and a favorable commute, providing opportunities for lenders in select areas. Processing Content The 10 hottest ZIP codes in the United States were all located in the Northeast and Midwest, led by 01960 in Peabody, Massachusetts; 07042 in Montclair, New Jersey; and 08080 in Sewell, New
Where to find prime credit borrowers who pay up for homes Read More »
Key insight: HBT Financial is bolstering its presence in Illinois by acquiring another in-state rival. What’s at stake: If completed, the pending deal would be HBT’s 12th since 2007. As part of the transaction, the seller’s mortgage banking business would be sold or would cease operations prior to the deal closing. Forward look: The acquisition
Illinois bank approaches $10B-asset mark with latest deal Read More »