Deals have been negotiated, and some closed, to acquire residential lenders. In addition, capital investments have been made in some mortgage firms.
Assets from Cimarron Mortgage Capital were acquired on Oct. 21, 2016, by El Paso, Texas-based WestStar Bank, according to an announcement.
The residential construction and mortgage origination business, as well as its seven employees have become part of subsidiary WestStar Home Loans.
Source: Mortgage Daily