Industry NewsMortgage

Opes Advisors expanding to all 50 states with acquisition by Flagstar Bancorp

  • The terms of the acquisition were not disclosed; Opes' staff will remain (and grow), and clients won't be affected, either.

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It's easy when the housing market is in a dip to tell buyers that it's a smart time to think about purchasing a home, assuming they can afford it -- but what about a time like right now, when almost every market is hot and inventory is scarce on the ground? Now thatĀ Flagstar Bancorp, a savings and loan holding company with a network of brokers in all 50 states, has acquired "certain assets" of Opes Advisors (Opes), it could get easier for real estate agents to help buyers (and sellers) figure out what their home transaction decision will mean for their finances, both short-term and long-term. (The terms of the acquisition were not disclosed.) Opes helps consumers find the right mortgage products for home purchases, refinancing, reverse mortgages and home improvement projects. It also offers a proprietary technology that gives consumers a glimpse of how their loan and real estate asset will impact their financial situation, even decades into the future. Last year, Susan McH...