Homebridge Financial Services, Inc. Acquires HomeStreet Bank’s Home Loan Center-Based Mortgage Origination Business

Homebridge Financial Services Inc. will acquire up to 50 of HomeStreet Bank’s satellite and fulfillment offices and can hire the employees. Homebridge has agreed to a purchase price of the net book value of the acquired assets plus a premium, as well as the assumption of certain home-loan center and fulfillment office lease obligations.

"The sale of the home loan center-based mortgage origination business and related servicing rights will significantly reduce the size and scope of HomeStreet’s single family mortgage operation.

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Homebridge Financial Services, Inc. (Homebridge), one of the largest independent mortgage lenders in the U.S., has completed phase one in the acquisition of the distributed retail mortgage banking segment of HomeStreet Bank, a wholly owned subsidiary of HomeStreet, Inc. (Nasdaq:HMST) ("HomeStreet").

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Yes o No x As of June 29, 2018, the last business day of the registrant’s most recently. 2019 was 27,032,749.6. HomeStreet, Inc. (“HomeStreet”, the "Company", “we”, “our” and “us”) is filing this.

In a move guaranteed to increase Homebridge Financial Services, Inc.’s robust mortgage lending services, Homebridge has acquired the assets of a majority of HomeStreet Bank’s stand-alone home loan centers. HomeStreet Bank is a wholly owned subsidiary of HomeStreet, Inc. (Nasdaq: HMST). The acquisition expands Homebridge’s already mammoth national footprint into areas where HomeStreet’s stand-alone home loan center based teams have a highly esteemed presence.

Homebridge Financial Services has completed phase one in the acquisition of the distributed retail mortgage banking segment of HomeStreet Bank, a wholly-owned subsidiary of HomeStreet Inc. Phase one of the acquisition includes the mortgage loan production branches and fulfillment functions in Washington, Oregon and Idaho, including processing, underwriting and funding-and the hiring of related personnel.

Dec 1 (Reuters) – Homestreet Inc ::ROARING BLUE lion capital management L.P REPORTS A 5.5 PERCENT STAKE IN HOMESTREET INC AS OF NOVEMBER 29, 2017 – SEC FILING.ROARING BLUE LION CAPITAL MANAGEMENT LP.

HomeStreet, Inc. is a financial services. telephone banking. The Company originates single family residential mortgage loans for sale in the secondary markets. Its mortgage loans are sold to or.

"The sale of the home loan center-based mortgage origination business and related servicing rights will significantly reduce the size and scope of HomeStreet’s single family mortgage operation.