Brockton, Massachusetts-based HarborOne Bank will acquire Merrimack Mortgage Company, a privately held home loan originator based in Manchester, New Hampshire. The deal is expected to close in July.
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First Tennessee Bank National Association, the regional bank of First Horizon National Corp. FHN, -0.38%, has acquired the operations and certain assets of Professional Mortgage Company, Inc. (PMC).
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Mortgage bank is a bank that specializes in originating and/or servicing mortgage loans.In the US a mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers.The difference between a mortgage banker and a mortgage broker is that the mortgage banker funds loans with its own capital.
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A representative of the mortgage trust that acquired the Brookfield boston store referred questions to its special servicing.
the regional bank of First Horizon National Corp. (NYSE:FHN), has acquired the operations and certain assets of Professional Mortgage Company, Inc. (PMC). Financial terms were not disclosed. Founded.
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