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Why independent mortgage banks might want to sell themselves now
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Coppell mortgage lender Caliber Home Loans sells for $1.675 billion in consolidation play
The deal creates the nation’s fifth-largest lender and servicer for the real estate industry.
Caliber Home Loans is leasing office space in a new building in the Cypress Waters development.(Billingsley Co. )
Caliber Home Loans, the Coppell-based home mortgage giant, is being sold for $1.675 billion in a consolidation play that creates the nation’s fifth-largest lender serving the still-hot real estate market.
Caliber’s owner, Dallas-based Lone Star Funds, announced the cash deal Wednesday with New Residential Investment Corp., a financial services firm headquartered in New York that operates mortgage lender and servicer NewRez.
New Residential To Acquire Caliber For $1 675 Billion
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