Skip to main content

Mortgage lending industry responds to sub-prime distress call

National Mortgage Professional
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 KBCFP is a wholly owned subsidiary of Brussels, Belgium-based KBC Bank NV. For more information, call (212) 845-2000 or visit
Aug 28, 2007
‘Massive’ Increase In Credit Report Cost Coming In 2023

NCRA says a 'vast majority' of mortgage lenders will incur price increases ranging from 10% to 400%.

Industry News
Nov 28, 2022
Homepoint Offering $500 Credit To Borrowers For Appraisals

Savings intended to help ‘on-the-fence’ homebuyers feel more comfortable buying a home.

Industry News
Nov 28, 2022
Creativity Found In The Oddest Place

Flagstar’s MortgageTech Accelerator program has its roots in Major League Baseball

Industry News
Nov 21, 2022
UWM Expands Temporary Rate Buydown Offerings

In a rising rate environment, this temporary rate buydown will be an attractive option for borrowers.

Industry News
Nov 16, 2022
Down Payment Assistance Facilitator Arrive Home Launched

Social enterprise

Industry News
Nov 15, 2022
FundMore, VeriFast Team To Expand Digital Verification

Announced a partnership that seeks to secure and verify digital mortgage transactions.

Nov 14, 2022