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Figure Technology Solutions takes another step to become public

Housing Wire

Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , took another step this week to become a public company, just one week after announcing a reorganization of its enterprise structure. The following year, CMG acquired Homebridge’s retail assets. It’s not the first time the company has planned to go public.

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NewRez restructures retail division, cuts senior managers

Housing Wire

Top 10 mortgage lender and servicer NewRez is restructuring its distributed retail mortgage business, which has resulted in cuts to regional and divisional managers. NewRez declined to comment on recent M&A rumors , but an executive said its retail platform is not for sale. That’s not an accurate statement.”

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CMG acquires Homebridge’s retail assets 

Housing Wire

struck a deal to acquire the retail division of Homebridge Financial Services , the companies announced on Monday. CMG Mortgage, which claims it originated more than $19 billion in 2022, said the M&A deal seeks to increase its footprint on the retail lending business. California-based CMG Mortgage, Inc.

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Guild acquires small retail lender Legacy Mortgage

Housing Wire

The lender originated approximately $309 million in mortgages in 2022, according to data from mortgage technology platform Modex. The company has 39 active loan officers across its retail branches, according to Modex data. The distributed retailer’s volume slipped to $2.7 Terms of that deal were also not disclosed.

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Guaranty Home Mortgage opens new retail branches in Tennessee

Housing Wire

Guaranty Home Mortgage Corporation (GHMC) on Monday announced its expansion with three new licensed retail branches in Tennessee. In January, GHMC hired Andy Voyles as its executive vice president and director of retail lending. The new branches are located in Brentwood, Lebanon and Chattanooga.

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Blend launches lower-cost option for retail IMBs

Housing Wire

Mortgage tech firm Blend has launched a lower-cost version of its mortgage suite for retail independent mortgage banks, the company announced this week. Retail IMBs have helped build Blend into what it is today and we stand by the industry during this time.

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Movement Mortgage to acquire top indie retail firm Mortgage Network

Housing Wire

Top-25 retail lender Movement Mortgage struck a deal to acquire Massachusetts-based retail firm Mortgage Network , multiple sources told HousingWire. . We want to grow,” Casey Crawford , a former pro football player who founded distributed retail nonbank Movement in 2008, said in a statement to HousingWire.

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