Homebridge Financial Services, Inc. Acquires HomeStreet Bank’s Home Loan Center-Based Mortgage Origination Business

"The sale of the home loan center-based mortgage origination business and related servicing rights will significantly reduce the size and scope of HomeStreet’s single family mortgage operation.

HomeStreet, Inc. or, the parent company of HomeStreet Bank, today announced the initial closing of the sale of assets and transfer of offices and personnel to Homebridge Financial Services, Inc.. HomeStreet was advised in the transaction by Keefe, Bruyette& Woods, A Stifel Company as financial advisor and Mayer Brown LLP and Davis Wright Tremaine LLP as legal.

Homebridge Financial Services, Inc. Acquires HomeStreet Bank’s Home Loan Center-Based Mortgage Origination Business.. The acquisition of HomeStreet’s home loan centers and related personnel.

About HomeStreet, Inc. HomeStreet, Inc. (Nasdaq:HMST) is a diversified financial. banking, investment, and insurance services. Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital.

Progress is already underway as we successfully transform HomeStreet into a leading West Coast regional commercial bank. to its home loan center-based single-family mortgage origination business to.

Homebridge Financial Services, Inc. (Homebridge), one of the largest independent mortgage lenders in the U.S., has completed phase one in the acquisition of the distributed retail mortgage banking segment of HomeStreet Bank, a wholly owned subsidiary of HomeStreet, Inc. (Nasdaq:HMST) ("HomeStreet").

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Homebridge Financial Services, Inc. (Homebridge), one of the largest independent mortgage lenders in the U.S., has completed phase one in the acquisition of the distributed retail mortgage banking segment of HomeStreet Bank, a wholly owned subsidiary of HomeStreet, Inc. (Nasdaq:HMST) ("HomeStreet").

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HomeStreet Announces First Closing on Sale of Home Loan Center-Based Mortgage Origination Business. personnel to Homebridge Financial Services, Inc. (“Homebridge”).. HomeStreet, Inc.

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HomeStreet Bank entered a non-bidding letter of intent for Homebridge Financial Services, Inc. to acquire assets related to HomeStreet’s stand-alone home loan centers, as well as personnel, according to a recent press release.

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June 12 (Reuters) – HomeStreet Inc ::HOMESTREET ADDRESSES UNSOLICITED OFFER TO ACQUIRE ITS FANNIE MAE DUS BUSINESS AND RELATED SERVICING.HOMESTREET INC – COMMENTED TODAY ON A PUBLIC LETTER FROM DWIGHT.

 · New Jersey-based private, non-bank mortgage lending company homebridge Financial Services, Inc. has agreed to buy as many as 50 HomeStreet Bank home loan center offices for around $5.9 million and.