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Republic First Bank closes, sells to Fulton Bank 

Housing Wire

Pennsylvania-based Fulton Bank, National Association of Lancaster, has agreed to assume most of the deposits and assets of Republic First Bank , which state regulators seized on Friday to “protect depositors.” billion in loans. billion in 2023, with most of it being conventional (74%) and purchase (65%) loans.

Banks 446
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NexTier Bank to acquire Mars Bank

Housing Wire

NexTier , the holding company of NexTier Bank , will acquire Mars Bancorp , the holding company of Mars Bank. The combined company and branch locations will operate under the NexTier Bank brand, both banks said in a release Thursday. With the acquisition, NexTier Bank will have total assets in excess of $2.6

Banks 418
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First Federal Bank to acquire Watson Mortgage Corp.

Housing Wire

Florida-based First Federal Bank announced on Thursday that it struck a deal to acquire Watson Mortgage Corp., First Federal Bank has 25 branches in the Southeast and operations in the Midwest, including mortgage centers in Jacksonville, Florida ; Alpharetta, Georgia; Madison, Wisconsin; and Overland Park , Kansas.

Banks 448
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Guaranteed Rate Affinity appoints new mortgage lending VP

Housing Wire

Guaranteed Rate Affinity was formed in 2017 through a partnership between Rate , formerly branded as Guaranteed Rate , and Anywhere Real Estate , formerly known as Realogy. At Movement, Rawls started as a loan officer before taking over as producing bank manager.

Lending 432
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New York Community Bank to acquire Flagstar

Housing Wire

New York Community Bank , one of New York City’s largest multifamily lenders, is set to diversify its business strategy with the acquisition of Michigan-based retail bank Flagstar Bancorp. The bank’s stock price was trading at a 26% discount to book value in late January. Presented by: Proctor Loan Protector.

Banks 397
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Panorama Mortgage Group launches 1% down payment loan program

Housing Wire

Nonbank lender Panorama Mortgage Group (PMG) launched a new program that allows first-time homebuyers to take out a loan with a 1% down payment , the company announced on Wednesday. Founded in 2007 in Las Vegas , Panorama originated from Alterra Home Loans , which carved out a niche by catering to first-time Hispanic homebuyers.

Loans 439
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Real Brokerage leverages agent count growth for soaring revenue

Housing Wire

Another factor is Reals private-label program, which launched in 2024 and allows brokerage affiliates to keep their branding. It started 2024 with 18 loan officers and finished the year with about 90. The company said about 40 independent brokerages with about 2,200 agents in total joined under these terms.

Brokerage 370