An affiliate of Berkshire Hathaway is acquiring a real estate firm that was the former employer of the Mortgage Bankers Association’s president and chief executive officer.

Berkshire-affiliate HomeServices of America Inc. announced Thursday that it has acquired The Long & Foster Companies Inc. and its family of companies.

Among the businesses owned by Long & Foster is Chantilly, Virginia-based Prosperity Home Mortgage LLC, which previously reported nearly 12,000 loans originated for more than $3 billion in 2016.


Source: Mortgage Daily