North Carolina industry appointments update - 5/15/2006 – NMP Skip to main content

North Carolina industry appointments update - 5/15/2006

National Mortgage Professional
May 14, 2006

NovaStar Capital to buy out nBank warehouse customersMortgagePress.comWarehouse mortgage lending, NovaStar, nBank NovaStar Capital Inc. has announced that it will acquire nBank N.A.'s warehouse relationships with approximately 40 lenders, which funded a total of approximately $1.8 billion in loans in the past year. In addition, NovaStar Capital Inc. will hire some of the key members of the bank's warehouse lending team. "We are very pleased to offer nBank's customer base the continuity of working with our team and our flexible, easy-to-use warehouse lending programs," said Kenneth D. Logan, executive vice president and chief operating officer of NovaStar Capital Inc. "With our years of collective experience in the industry, we understand what lenders need and have designed our processes to help them close more loans." NovaStar Capital Inc., a subsidiary of NovaStar Financial Inc., is a mortgage warehouse lender based in Roswell, Ga. For more information, call (888) 499-5363 or visit www.novastarmortgage.com. nBank N.A. is a nationally chartered bank based in Commerce, Ga. For more information, call (800) 815-1816 or visit www.nbank.com.
Published
May 14, 2006
Manufactured Housing: The New Affordable Alternative

While the housing market is grappling with widespread affordability and supply, manufactured homes are gaining ground as a new alternative. 

Industry News
Dec 03, 2021
Angel Oak Home Loans Opens 3 New Branches

Continues expansion in Western U.S. with new branches in California, Nevada & Utah.

Industry News
Dec 02, 2021
Open Mortgage Names New President

Joe Stephenson, formerly of American Advisors Group, to lead daily operations.

Industry News
Dec 01, 2021
Homepoint Expands Refinance Program Offerings

Now offers Freddie Mac’s new refinance option, Refi Possible, making it easier for many homeowners with a Freddie Mac-owned mortgage to reduce their interest rate.

Industry News
Nov 30, 2021
Non-QM Lender Deephaven Hires Business Development VP

Dallas-based Tim Fisher charged with growing Deephaven’s correspondent business In Texas and surrounding states

Industry News
Nov 30, 2021
Biden Reappoints Powell As Federal Reserve Chairman

A signal that The Fed will continue its policies as inflation surges and economic uncertainty spikes due to an emerging variant of the coronavirus. 

Industry News
Nov 29, 2021