Industry News

KeyCorp puts Champion Mortgage on the block

Profits in consumer finance down from last year
Published on Aug 2, 2006

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by CareyBot

KeyCorp may sell its subprime lending subsidiary, Champion Mortgage, to concentrate on community banking, the Cleveland-based company said Tuesday. Headquartered in New Jersey, Champion provides mortgage financing and home equity loans in 26 states, with a loan portfolio of $2.5 ...