Merger Activity Remains Robust as Mid-Tier Lenders Look To Grow Scale Now for When Market Conditions Improve
July 20, 2006
The pace of mergers and acquisitions in the mortgage industry has been brisk so far this year and observers predict the momentum will remain steady for the rest of the year. Last week, National City Mortgage announced that it will take offers for its First Franklin subprime unit and Deutsche Bank entered into a deal to acquire MortgageIT. …