Skip to main content

Lender Lead Solutions launches reverse mortgage division

National Mortgage Professional
Feb 07, 2007

Barclays to acquire EquiFirstMortgagePress.comNon-conforming wholesale mortgage lender Barclays Bank PLC has entered into an agreement to purchase EquiFirst Corporation for approximately $225 million. Completion of the transaction is expected in the first half of 2007, subject to the receipt of the required licenses and applicable regulatory approval. In the third year of ownership, Barclays expects to achieve an annual after-tax return in excess of 20 percent on the purchase of EquiFirst. Barclays will finance the transaction out of existing cash resources. London-based Barclays Bank PLC is a global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services. For more information, visit www.barclays.com. Charlotte, N.C.-based EquiFirst Corporation is a non-conforming wholesale lender and subsidiary of Birmingham, Ala.-based Regions Financial Corporation. For more information, call (800) 272-3477 or visit www.equifirst.com.
Published
Feb 07, 2007
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
Former Employees Sue Rocket Mortgage Over OT Pay

Claim company failed to properly calculate & pay OT for working beyond 40 hours a week.

Operations
Jan 09, 2023
Judge Grants UWM Partial Win In Ultimatum Lawsuit

AML’s declaration that the ultimatum violated antitrust law survived.

Industry News
Jan 04, 2023
A&D Mortgage Launches Temporary Rate Buydowns

Offering 3-2-1 and 2-1 buydown options.

Industry News
Jan 04, 2023
Zillow: 2M Homes No Longer Require A Jumbo Loan

This is the result of FHA's update to the baseline conforming loan limit in high-cost areas topping $1 million.

Industry News
Jan 04, 2023