The previously announced acquisition of a mortgage business from a financial institution in the Empire State has been completed by Freedom Mortgage Corp.
In June, the Mount Laurel, New Jersey-based mortgage banking firm disclosed that it had come to an agreement to acquire the mortgage banking business of New York Community Bank.
The deal included the Waterbury, New York-based bank’s origination and servicing platforms, mortgage servicing rights on around $21 billion in agency loans and $500 million in mortgage assets.
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From:: Financing