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
Rocket Arms Brokers With Bully Shield Vs. UWM

Rocket covers penalties and court fees for brokers who want to get out of United Wholesale Mortgage’s ultimatum contract. 

Industry News
Feb 06, 2023
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Industry News
Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Industry News
Jan 26, 2023
Housing Prices Across Texas Likely Hobbled In 2023

But you’re getting a lot less for $1 million

Industry News
Jan 23, 2023
UWM Adds 'Control Your Price' To 'Game On' Pricing

New program provides 125 basis points in price enhancements for loan orignators.

Industry News
Jan 11, 2023
Rocket Pro TPO Relieves Brokers Of Credit Fee Burden

Will provided free credit reports to brokers if they get their loan closed with the Detroit lender.

Industry News
Jan 10, 2023