Industry News

Irwin Financial completes exit from conventional mortgage banking

Freedom Mortgage buys Irwin Mortgage's offices; investors buy portfolio
Published on Oct 4, 2006

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by CareyBot

Irwin Financial Corp. has sold its conforming conventional mortgage servicing portfolio for $261 million as part of a strategy to exit the conventional mortgage banking business and concentrate on commercial and nonconforming consumer mortgages. The sale, to four independent investors, ...