Add KeyCorp to Growing List of Lenders Exiting Subprime Space, Home Loan Center Changes Name
August 4, 2006
KeyCorp says it is looking to sell its subprime originator, Champion Mortgage. “With KeyCorp's renewed focus on Community Banking and strengthening our client relationships within our 13-state footprint, Champion no longer fits with our longer-term strategic priorities,” said CEO Henry Meyer. “Given these factors, our best strategic option is to explore the sale of the company.” …