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HomeStreet inks potential sale of assets to HomeBridge Financial Services

Feb 28, 2019 - SNL Financial

HomeStreet Inc. entered into a non-binding letter of intent for the potential sale of its stand-alone home loan centers to HomeBridge Financial Services Inc.

HomeBridge will also hire HomeStreet's related mortgage personnel as part of the potential transaction.

HomeStreet recently said it was looking to sell the assets as rising interest rates and higher home prices continued to pressure mortgage origination volumes. The Seattle-based bank had retained Keefe Bruyette & Woods to seek ...