Skip to main content

Mortgage lending industry responds to sub-prime distress call

Aug 28, 2007

KBC Financial Products to acquire Vertical LendMortgagePress.comMortgage industry acquisitions,reverse mortgages Vertical Lend Inc. has signed a definitive agreement to be acquired by KBC Financial Products (KBCFP). "Our acquisition of Vertical Lend provides a tremendous opportunity for our company to participate in the growing reverse mortgage market," said KBCFP CEO Thomas Korossy. "Our strength in capital markets should enable Vertical Lend to provide the products and expanded distribution channels needed to broaden their offerings in the United States." Vertical Lend Inc. is a mortgage bank and brokerage based in Melville, N.Y. For more information, call (877) 692-7762 or visit www.verticallend.com. KBCFP is a wholly owned subsidiary of Brussels, Belgium-based KBC Bank NV. For more information, call (212) 845-2000 or visit www.kbcfp.com.
About the author
Published
Aug 28, 2007
More Questions Than Answers At Housing Finance Climate Summit

Government officials, housing leaders, and climate scientists meet to address climate change's escalating impact on housing.

Apr 22, 2024
Maximum Acceleration, Originator Connect Network Sign Exclusive CE Agreement

Pact gives OCN guaranteed live CE at shows, creates nationwide opportunity for Maximum Acceleration

Apr 17, 2024
CMG Acquires Norcom Mortgage's Retail Side

The 25-branch addition will enhance CMG’s northeastern presence from Maryland to Maine.

Apr 12, 2024
CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

NEXA Begins Search For New CFO

NEXA CEO retires the president position after Mat Grella's termination.

Apr 01, 2024
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024