Hello I am trying to find out who acquired Peninsula Mortgage Bankers Corporation In Coral Gables Florida. Finance of America Mortgage LLC ("FAM") is discontinuing its residential forward mortgage operations. NEW YORK, Sept 13 (Reuters) - JPMorgan Chase (JPM.N) and Bank of America (BAC.N), the two largest U.S. banks by assets, expressed caution about job cuts in contrast with Goldman Sachs, where. Guaranteed rate laid off underwriters and closers last week, October 7, 2022. 11 bankruptcy Movement Mortgage acquired retail division of Platinum Mortgage Inc. Movement Mortgage acquired retail mortgage operations of Eagle Home Mortgage, LLC Movement Mortgage cut 100 jobs nationwide Movement Mortgage acquired First State Bank (VA) Movement Mortgage cut 180 jobs in Fort Mill, Norfolk, Richmond, and Tempe Mountain Heritage Bank shut by FDIC Mountain National Bank closed by FDIC Mr. Cooper acquired Pacific Union Financial LLC Mr. Cooper ceased wholesale lending operations, layoffs Mr. Cooper cut 109 jobs in Santa Ana, CA MutualBank acquired Summit Mortgage, Inc. Mutual Bank shut by FDIC Mutual of Omaha Bank closed mortgage processing operation in Lincoln, NE Mutual of Omaha Bank outsourced in-house mortgage origination channel to Guild Mortgage MVB Bank purchased Potomac Mortgage Group MVB Mortgage and Intercoastal Mortgage Company combined Mylor Financial closed National Bank Holdings Corp. to acquire Peoples Bank, which will sell or shut its national mortgage business by the end of 2017 National Bank of Commerce shut down by FDIC National City ceases wholesale lending National City exits correspondent lending business National City laid off 1,300 National City cut 50 jobs in San Diego National City to exit warehouse lending National Home Equity consolidated by National City Corp., suspended originations, layoffs National Wholesale Funding halted operations NationPoint halts loan origination, layoffs Nationpoint subsidiary of Merill Lynch laid off 60 people in August, 70 more in Nov. Nation One Mortgage Co. Inc. wholesale lender stopped origination and funding of mortgages Nationstar Mortgage changed name to Mr. Cooper Nationstar Mortgage cut 70 jobs at Lewisville, TX headquarters Nationstar Mortgage cut 150+ loan servicing jobs Nationstar Mortgage cut 105 jobs in Scottsbluff, NE Nationstar Mortgage closed St. Louis office, 115 layoffs Nationstar Mortgage sold wholesale division to Stonegate Mortgage, 1,000+ layoffs Nationstar Mortgage acquired Greenlight Financial Nationstar Mortgage purchased $10.4 billion in loan servicing rights from Bank of America Nationstar Mortgage acquired ResCap mortgage servicing assets Nationstar Mortgage acquired Champion Mortgage, closed multiple offices, incl. Thank you!! This list gives us a perspective to get out of the mortgage industry and pivot to some else. As recession fears swirl, a fresh round of layoffs is in the works for at least four corporate giants to start the new year. Did TBW acquire Advent???? Rocket Mortgage is consolidating heavily. Jun 14, 2018 Mortgage lender Finance of America plans to lay off 43 employees at its Roseville office, according to a notice filed with the California American Financing Corp. in Aurora lays off an undisclosed Higher mortgage rates dim the outlook for lenders focused on refinancing loans Who bought Chapel Mortgage, New Jersey? Over 25% reduction in staff since 1 Qtr. Thanks. I have 23 years in the mortgage fulfillment industry and that didnt save me from the layoff ax. Loansteady laid off about 30%+ of its staff and is now merging with Mutual of Omaha, Pennymac laid off 300 Underwriters as of Monday 5/9/2022, Homeowners Financial Group out of Arizona , laid off people on 5/2. I am looking to find who is servicing and how to obtain Satisfaction of Mortgage for de-funk company First Franklin Financial Corp subsidiary of National City Corp of Indian. Cardinal Financial Company/Sebonic did 5 or 6 rounds of layoffs no including the 1st 2 rounds that started at Q4 2021. Goldman Sachs is reportedly hashing out plans to part ways with up to 4,000 bankers any day now, according to a year-end audio message from CEO David Solomon to staff last week. To justify the job losses, CEOs like . Has anyone heard if Cake Mortgage Corp. is still in business? Mortgage Brokers vs. Banks: Which Is Better? Bank of America Corp. is reportedly planning to lay off up to 200 investment bankers globally, Bloomberg News reported on Thursday, citing sources. Would appear this was done to avoid the federal 60 day WARN Act notice. Sales folks jumping ship now. Like many other tech companies that [] The e-commerce giant first said in November that about 10,000 jobs would be axed. The Money Source (TMS) not only sold out to Amerisave, but laid off 50+ without warning. Some firms across the financial industry are giving workers the boot after dealmaking activity tumbled last year and as a potential recession looms. I see reductions for the next year which will erase all the profits and shut a lot of these entities down. The layoffs. The economy added a staggering 517,000 jobs in January, federal data show, and unemployment fell to 3 . 7 bankruptcy Liberty One Lending ceased operations LIME Financial Services (Credit Suisse wholesale) ceased lending LIME Financial Services, Ltd sold to Credit Suisse, downsized from 450 to 225 Lincoln Park Savings Bank shut by FDIC Live Well Financial, Inc. halted mortgage lending Lloyds TSB to buy Halifax Bank of Scotland for $22 billion Loancity closed 7 branches, shut down loanDepot and imortgage.com merged loanDepot acquired Mortgage Master, Inc. Loans 123 no longer taking anymore business London & Scottish Mortgages (LSM:UK) stopped accepting new applications Lone Star facing lawsuit over purchase of Accredited Home Lenders Lone Star to buy Bear Stearns Residential Mortgage Corp. Long Beach Mortgage Co. (WAMU) winding down operations Long Mortgage lost financing, parent First Magnus trying to dissolve unit Los Padres Bank shut by FDIC LowerMyPayment.com closed, mortgage lead company Lownhome Financial closed LRES acquired Lenders Choice Luminent layoffs, two default notices, selling equity stake to Arco Capital Corp. Luminent Mortgage filed Chapter 11 bankruptcy Lydian Mortgage shut wholesale, layoffs Lydian Private Bank shut by FDIC M&T Bank cut wholesale mortgage jobs M&T Bank acquired Hudson City Savings Bank, 384 layoffs MacQuarie Mortgages USA halts loan origination MacQuarie Mortgages USA laid off 69 employees McIntosh Commercial Bank shut by FDIC McIntosh State Bank shut by FDIC Madisonville State Bank shut down MagnetBank shut down by FDIC Main Street Bank shut down by FDIC Mainstreet Bank (MN) shut by FDIC Mainstreet Savings Bank shut by FDIC Mandalay Mortgage closed Marco Community Bank shut by FDIC Maribella Mortgage closed Maritime Savings Bank shut by FDIC Market Street Mortgage layoffs Market Street Mortgage to be broken up and sold in pieces, 53 layoffs Marlin Mortgage Company, LLC shut it doors Marshall Bank shut by FDIC Master Financial layoffs, ceased wholesale production Maverick Residential Mortgage reportedly closed MB Financial to stop mortgage lending, cut 500+ jobs MCAN Mortgage Corporation acquired Xceed Mortgage (Canada) MEM Financial Solutions filed for bankruptcy Member First Mortgage acquired Platinum Financial Funding Mercantile Mortgage ceased operations Meridian Bank shut down by FDIC Meridias Capital layoffs, rumors of employees not being paid Meritage Mortgage closed, staff employed by LIME Financial Merrill Lynch bought First Franklin Merrill Lynch to cut 4,000 jobs Merrill Lynch halted all lending at UK subsidiary Wave, layoffs Merrlin Mortgage Corp. acquired by Heartland Mortgage Co. MetLife halted reverse mortgage lending, sold servicing rights to Nationstar Mortgage Metlife shut down its forward mortgage division, 4,000+ layoffs MetLife acquired EverBank Reverse Mortgage LLC MetLife to buy First Horizon mortgage unit MetLife Bank cut 116 jobs in Irving, Texas Metro Bank of Dade County shut by FDIC Metrocities Mortgage now Prospect Mortgage Metrocities Mortgage stopped wholesale lending Metrocities Mortgage acquired Mortgage Services Unlimited Metro Pacific Bank shut by FDIC MCAP Financial (Canada) suspended subprime lending through its Eclipse division MGIC bought rival mortgage insurance provider Radian Group (abandoned) MGIC Investment Corp. cut 19 jobs at Milwaukee headquarters Miami Valley Bank shut down by the FDIC Michigan Mutual cut 68 mortgage jobs in Southfield Mid America Mortgage, Inc. to purchase assets of American Southwest Mortgage Corp. and American Southwest Mortgage Funding Corp. Hey Colin, North American Savings Bank announced on Friday 1/6/23 they will be close their Consumer Direct Division. Not sure how many. They recently hired half of the former employees from LiveWell. Rumor is they closed mutiple locations. Half of Q4 2022 transactions had wire and title fraud risks. I need to order a payoff. Learn More $85B+ Loans Originated Since Start of 2017 Outstanding Products & Services We continue to introduce best-in-class loan products and services that our customers value. Looking to find out who took over Residential Funding Corp mortgage loans. No class. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on SMS (Opens in new window). Amazon CEO Andy Jassy said late Wednesday the company would cut "just over 18,000 roles," a higher reduction than initially planned.Jassy's message came the same day Salesforce said it would slash 10% of its workforce while Vimeo cut headcount by 11% in its second wave . TheLayoff.com (current) Latest Posts . Paramount Residential Mortgage Group/PRMG is cutting 30-35% of staff; there were two rounds of layoffs already on July 27th and a smaller on July 29th, New American Funding laid off hundreds on Tuesday August 2nd. Investor Relations. Knowing this was in the works for a couple months, why were you still recruiting and hiring? 11 bankruptcy petition, layoffs Transnational Financial Network suspended wholesale lending operations Triad Guaranty halts new business, layoffs Trident Mortgage Company no longer accepting applications Tri-Star Lending Group acquired by Impac Mortgage Holdings Trojan Lending ceased wholesale production Truman Bank shut by FDIC Trump Mortgage closed Trust Company Bank (Memphis, TN) shut by the FDIC Trustar Bank acquired Granite Mortgage Turnberry Bank shut by FDIC Two Harbors purchased Matrix Financial Services UBS to cut 8,700 jobs UBS to cut another 2,000 jobs UBS Home Finance stops wholesale lending Ulster Bank (RBS-UK) cut 750 jobs, close First Active mortgage unit Union Bank, National Association shut by FDIC Union Bank & Trust shuttered its Union Mortgage Group subsidiary, layoffs Union Home Mortgage Corp. to buy NOIC/Concord Mortgage Group Unique Mortgage Solutions closed, layoffs Unison cut 89 jobs in CA United Americas Bank shut by FDIC United Bank cut mortgage loan officer jobs as part of restructuring United Commercial Bank shut by FDIC United Equity LLC (Baltimore) shut down United Guaranty layoffs United Residential Lending halts wholesale lending United Security Bank shut by FDIC Unity National Bank shut by FDIC Universal American Mortgage Co. (mortgage banking subsidiary of home builder Lennar Corporation) acquired branches of Pinnacle Mortgage Group, Inc. Universal American Mortgage Co. shut down its processing center, 57 layoffs Universal Mortgage Corp. to close, 100 layoffs Unlimited Loan Resources closed Upland Mortgage filed Chapter 11 bankruptcy Urban Fulfillment Services LLC closed mortgage processing branch in Westlake Village, CA, 85 layoffs U.S. Bank cut approximately 40 mortgage jobs in Brookfield, WI U.S. Bank exited wholesale mortgage lending U.S. Bank cut jobs in Owensboro, KY U.S. Mortgage Corp. stops retail lending USA Bank shut by FDIC USA Federal Credit Union layoffs USA Mortgage / DAS Acquisition Co. acquired Capital Mortgage Solutions USA Mortgage/DAS Acquisition Co. cut 25 jobs USAA Bank eliminated 265 mortgage positions in Phoenix, San Antonio, and Tampa USAA Bank cut 120 mortgage jobs in Addison, TX, offering relocation Valley Bank locations in Fort Lauderdale, FL and Moline, IL shut by FDIC Valley Capital Bank shut by FDIC Valley Community Bank shut by FDIC Valley Vista Mortgage shut down all operations Vanderbilt Mortgage and Finance bought Silverton Mortgage Specialists Vantage Point Bank closed by FDIC Vantus Bank (IA) shut down by FDIC Varde Partners Inc. bought Deephaven Mortgage LLC Velocity Commercial Capital, LLC layoffs reported Velocity Financial Inc. layoffs Venture Bank shut down by FDIC Vericrest Financial Inc. changed its name to Caliber Home Loans Inc. Veritex Community Bank acquired 49% stake in Thrive Mortgage, LLC Vertex to cut 55 jobs related to DB Mortgages account (Deutsche Bank UK) Vertical Lend changes name to World Alliance Financial Vertice shut down (Wachovia wholesale lending channel) Vertice (Wachovia unit) undisclosed number of job cuts in third quarter of 2007 Vertice (wholesale mortgage unit of Wachovia) cutting 40 more jobs Victoria Mortgage Funding closed (UK subprime lender) ViewPoint Bankers Mortgage acquired 45 former CTX Mortgage employees Village Mortgage Company shut down wholesale lending channel Vineyard Bank shut by FDIC Virgin Money U.S. closed Virginia Business Bank shut by FDIC Virtual Bank Mortgage now Lydian Mortgage Vision Development Group of Broward County LLC (condo developer) Ch. Servicing has been sold as well. Finance of America Mortgage was owned by Blackstone but went public via a $1.9 billion SPAC deal in 2021. My mortgage is with PNC, who bought Round point Mortgages. Alexandra Semenova. The discontinuation of the forward mortgage originations segment will allow Finance of America Companies to optimize its resources and prioritize businesses that have a distinct market opportunity and greater growth potential, Graham Fleming, interim chief executive officer at Finance of America, said in a statement. Does anyone know what happened to Monogram Home Equity Corp? Were already starting to see layoffs at Wall Street firms and there is talk about some restructuring in the banking industry, Thomas Smythe, a finance professor at Florida Gulf Coast University, told the Washington Examiner. One important consideration for the sector is the Feds next meeting at the end of the month. They will tell you everything is ok until they call you the day of. Alex Murdaugh trial: Murderer sentenced to consecutive life sentences after being found guilty. Highlands Residential Mortgages corporate headquarters in Allen, texas also had layoffs and staff reductions. They have laid off 80% of their staff in the last few months. Trying to find the link between Metrociti Mortgage Corp. and GMAC sometime around Feb 2003, or before. I was laidoff off on March shortly after a Processing Manager and her entire team. Frequently asked questions . Save my name, email, and website in this browser for the next time I comment. U.S. carriers accepted $54 billion in taxpayer aid to keep staff on their payroll. 43. In closing Finance of America Mortgage LLC, FoA will "incur aggregate pre-tax charges of approximately $145 million to $164 million, of which the company expects that approximately $15 million to $26 million will be cash expenditures," the notice states. What Credit Score Do You Need to Get a Mortgage? Now, its about doing more with less and combining teams to one manager. The Truth About Mortgage. And it's not just tech workers being let go. February 2. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Given how high inflation is right now, why arent mortgage rates even higher? Guild Mortgage has been doing layoffs since the end of 2021. Finance of America exiting wholesale, correspondent lending The Irving, Texas-based lender is also reportedly in negotiations to sell its retail mortgage division, which employs about 1,000. Novus Home Mortgage is shutting down branches. The layoffs represent about 10% of Wayfair's corporate team, the company said, and will cost between $30 million and $40 million for severance and benefits for laid-off employees. A few days before Goldman Sachs laid off more than 3,000 . He did not receive advance notice and, after two weeks, hes still waiting for his two-weeks severance payment. My mother has been informed that her mortgage with Beneficial is being taken over by Rushmore Loan Management, she didnt know that Beneficial was doing this. Business Loans and Lines of Credit, Equipment Finance-Leasing, Real Estate Financing, Capital Access Funds, Global Institutional Consulting, Investment Solutions, Debt Capital Markets, Equity Capital Markets, Mergers . Bank of America Layoffs: Downsizing related discussion, postings, questions and answers. Hard to know unfortunately but maybe start with HSBC. Possible undisclosed merger or acquisition in progress. Primary Residential Mortgage, Inc. (PRMI) laid off 1/3 of their staff last month over the course multiple weeks and laid off several executives (VP EVP) yesterday. They have a skeletal staff and almost zero loans in the pipe. The power of data with Mike Simonsen at Gathering of Eagles, Eric Lapin on how consumer-controlled data can change lending, Clear Capital launches UDC to support appraisal modernization. Wentworth Home Lending, LLC, GMAC Mortgage to shut all 200 retail offices, Guaranteed Rate acquired Stearns Lending, Guild Mortgage Co. acquired Cornerstone Mortgage, HomeLight acquired mortgage startup Eave. Citibank layoffs August 3rd 2022. "As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn were now facing, and I take responsibility for that.". Jassy's message came the same day Salesforce (CRM) said it would slash 10% of its workforce while Vimeo (VMEO) cut headcount by 11% in its second wave of reductions. Keller Mortgage laid off around 600 people effective 5/22022, Servicelink had four rounds of layoffs thru May no serverence not even pay out for vacation time, Guaranteed Rate and its affiliates did another layoff today, 7/13 after waiting for cpi postings. AmeriFirst Home Mortgage laid off ~100 people. FoA plans to fund forward mortgage loans relating to its mortgage originations segment in the first half of 2023, primarily consisting of forward mortgage loans with extended lock periods and representing less than 11% of the aggregate forward mortgage loan pipeline, according to its filing with the U.S. Securities and Exchange Commission. The board of directors of multichannel lender Finance of America Companies Inc. (FoA) authorized a plan to discontinue the operations of the companys forward mortgage originations segment in order to strategically optimize and invest in the companys reverse originations, commercial originations, lender services and portfolio management segments, according to the firms 8-K filings. On October 7, FoA said that it will no longer fund and purchase loans through its wholesale and non-delegated correspondent channels. Bank of America is projecting that the US economy will lose over 500,000 jobs in 2023. Pentagon FCU (PenFed Credit Union) just laid off a unknown (seems to be large scale) number of mortgage employees Im a Current Employee. I worked at Caliber Home Loans which was acquired by New Residential this year (New Rez) and was laid off with no 60-day notice. Texas-based lender had large-scale layoffs in the second and third quarters of 2022. Bank of America has to trim down its headcount in the coming weeks as an economic downturn takes shape on the horizon. Brian Moynihan, chief executive officer of Bank of America Corp., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, US, on Wednesday, Oct. 12 . RoundPoint Mortgage, a wholly owned subsidiary of Freedom Mortgage announced to employees on July 28 that they are shutting down their retail operations. Finance of America Companies . Learn More Our Leadership Finance of America Companies is led by a close-knit group of long-time colleagues with deep industry expertise. Half of Q4 2022 transactions had wire and title fraud risks. I dont know how many in this 2nd round of layoffs. Fairway Independent Mortgage just closed a few branches affecting Colorado, California, Wyoming and Washington on 2/28/2023. U.S. Mortgage Companies Seen Laying Off Thousands of Workers as Volume Drops - Bloomberg Markets Mortgage Businesses Seen Laying Off Thousands as Volume Drops Some staff can be moved to other. Multichannel lender Finance of America (FoA) has laid off hundreds of employees across several rounds in the second and third quarters of 2022. The layoffs are a response to the cooling housing market, where rising mortgage rates and inflation are pushing some buyers out of the market. Advanced product, pricing and eligibility technology creates efficiencies and helps lenders compete in a fast-paced market. SAN JOSE, Calif., March 02, 2023 -- ( BUSINESS WIRE )--This year, Fast Company named Roku, Inc. (NASDAQ: ROKU) one of the top 10 most innovative companies in North America, for the brand's . Aurora extends the Better.com merger deadline once again, Real estate agents wonder if inventory levels will ever return to normal, Optimizing client engagement and communication in 2023, Shared Equity: A required intervention for home affordability. Is this for the U.S., or globally? Paid off a loan in 2009 to Alliance Financing Mortgage Corp, out of Mt. They are no longer in business now. NewDay USA offered severances of 1-mo and laid off a few dozen, Saw on linkedin from several contacts that Keller Mortgage had a pretty big layoff. See nothing about Amerifirst Home Loan out of Kalamazoo, Michigan. Sign up now to get the Washington Examiners breaking news and timely commentary delivered right to your inbox. Those can be viewed below the layoff lists at the very bottom of the page. I have been in more lay offs than Id like to actually remember or count. Latest USAA employee reduction impacts mortgage unit . Academy Mortgage just shut down their Nebraska and New Mexico offices, no warning. Back then, scores of mortgage companies consolidated, laid off employees, sent out scary warnings, and went out of business. But then when you meet the set goal, they still remove you from your position and force you into an hourly role, taking future commissions (since they pay on closings) and giving them to random bankers or you can be terminated. Unknown number of people laid off from Amerifirst Financial Corporation, dba Amerifirst Home Mortgage and Ameritrust Home Mortgage, on 4/6/22 and on 6/20/22. LoanDepot estimates theyll lay off 2,000 people by the end of 2022. Prospect, IL. But there is a fee if you need to extend your rate lock. Not sure how many over all because they somehow keep it out of the news. Unfortunately 1st Nationwide Mortgage closed down, and I have no contact with them due to their phones being shut down. Multichannel lender Finance of America (FoA) has laid off hundreds of employees across several rounds in the second and third quarters of 2022. need help to find who acquired and when Commodore Financial Services Corp., Dallas Texas and if it was Matrix Financial Services Corp., Dallas or wherever. Exact number is unknown, Homepoint has laid off over 1,000 employees this week. Big cities run by Democrats for decades are now supposedly 'ungovernable', HBO's sexploitation is a workers' rights travesty, WATCH: Steven Spielberg likens rise in antisemitism to 'Germany in the '30s', AOC gloats after construction of Virginia Amazon headquarters delayed as company cuts jobs, Alex Murdaugh trial: Watch the key video that could've sealed guilty murder verdict. I think there are some very dated ones because I know of one transaction that took place 2 years ago but was positioned below a more recent event that I also know just happened within the last few weeks. shut by FDIC Seneca Mortgage Servicing LLC cut 43 jobs in Buffalo, NY Senior Lending Network no longer taking applications ServiceLink cut up to 53 jobs in Overland Park Seterus, Inc. shut mortgage servicing unit in Durham, NC, cut 310 jobs Shearson Financial Network to file bankruptcy Shelter Mortgage Co. cut 63 jobs in Milwaukee Sherman County Bank shut down by FDIC ShoreBank shut by FDIC Shoreline Bank shut by FDIC Silver Hill Financial cut 45 jobs Sierra Pacific Mortgage closed several branches Silver Falls Bank shut down by FDIC Silver State Bank shut down by FDIC Silver State Mortgage closed Silverton Bank shut by FDIC Sindeo closed its doors, majority of staff laid off Slavie Federal Savings Bank shut down by FDIC SoFi cut around 100 mortgage jobs SoFi cut 65 jobs at mortgage centers in Healdsburg, CA, and Cottonwood Heights, UT Solent Mortgage Services (UK) closing its door Solent Mortgage Services (UK) layoffs Solstice Capital (HSBC retail) halted lending, 130 layoffs Sonoma Valley Bank shut by FDIC SolutionsBank shut by FDIC Solutions Funding closed Southern Community Bank shut by FDIC Southern Star Mortgage cut wholesale lending Southern Star Mortgage halts loan origination Southshore Community Bank shut by FDIC Southstar Funding closed Southwest Bank acquired BMC Mortgage Services Inc. Southwest Community Bank shut by FDIC SouthwestUSA Bank shut by FDIC Sovereign Bancorp to cut 1,000 jobs Spectrum Financial Group files bankruptcy Springleaf Finance closed Irving, TX mortgage servicing center, 114 layoffs St. Stephen State Bank shut by FDIC Starpointe Mortgage closed State Bank & Trust of Fargo purchased Bell Mortgage State Bank of Aurora shut by FDIC State Bankshares Inc. bought The Business Bank of Minnetonka and its Prime Mortgage division Statewide Bank shut by FDIC Stearns Holdings LLC (parent of Stearns Lending) filed for bankruptcy Stearns Lending exited delegated correspondent lending, selling unit to Flagstar Stearns Lending acquired equity interest in Citywide Home Loans Stearns Lending cut 159 jobs in Orange County, CA Stearns Lending entered shared equity partnership deal with Certainty Home Loans Stearns Lending acquired wholesale, non-delegated correspondent, and consumer-direct businesses of Primary Capital Mortgage, LLC Sterling Bank shut by FDIC Sterne Agee Group Inc. acquired FBC Mortgage Steven J. Baum P.C.