Announced
Financials
Sources
Tags
mortgage
United States
Private
Joint Venture
Pending
Mortgage REITs: Diversified
Friendly
Single Bidder
Synopsis
NewRez and First Team Real Estate, two mortgage lenders, have agreed to form a new joint venture, Homeowners First Mortgage. Financial terms were not disclosed. "First Team has clearly distinguished itself as the ideal resource for homebuyers in Southern California, with the experience and innovative approach to making buyers' dreams a reality," Randy VandenHouten, NewRez SVP, Joint Venture & Retail Lending.
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