Review Mortgage Lenders

First Mortgage Group

Southern Mortgage Group Sponsors Bham WIiRE's First Time Homebuyer Seminar

Announcement of details for Bham WIiRE Realty's First Time Homebuyer Seminar to be held on July 9, 2011 at the Five Points Soutth Public ...

Mr. Cooper Group Inc. (COOP) and Kentucky First Federal Bancorp (NASDAQ:KFFB) Comparing side by side

For the past year Mr. Cooper Group Inc. has 35.93% stronger performance while Kentucky First Federal Bancorp has -13.39% weaker performance.

Summary

Mr. Cooper Group Inc. beats Kentucky First Federal Bancorp on 9 of the 12 factors.

Mr. Cooper Group Inc. provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. It offers home loan servicers focused on delivering various servicing and lending products, services, and technologies. The company provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents, and mortgage companies. It operates primarily under the Mr. Cooper and Xome brands. The company was formerly known as WMIH Corp. and changed its name to Mr. Cooper Group Inc. in October 2018. Mr. Cooper Group Inc. is based in Coppell, Texas.

Kentucky First Federal Bancorp operates as the holding company for First Federal Savings and Loan Association of Hazard, and Frankfort First Bancorp, Inc. that provide various banking products and services in the United States. Its deposit products include passbook savings and certificate accounts, checking accounts, and individual retirement accounts. The companyÂ’s loan portfolio comprises one- to four-family residential mortgage loans; construction loans; mortgage loans secured by multi-family property; nonresidential loans that are secured by commercial office buildings, churches, condominiums, and properties used for other purposes; commercial non-mortgage loans; and consumer loans, such as home equity lines of credit, loans secured by savings deposits, automobile loans, and unsecured or personal loans. As of June 30, 2016, it operated through seven offices. The company was incorporated in 2005 and is based in Hazard, Kentucky. Kentucky First Federal Bancorp is a subsidiary of First Federal Mutual Holding Company.

Capital Group takes control of First Mortgage Trust

Capital Group finalised a deal to buy the underlying company behind FMT today, according to industry sources. The investment will see Capital Group effectively take control of running FMT, sources said. 

Capital Group confirmed the deal to TMM Online but refused to discuss further details. Capital Group Director Greig Allison said: "It is a very good business and incredibly well run. We are taking a long term view on the investment, in what we see as a growth sector."

Allison would not confirm the terms of the deal, but sources understand Capital Group has bought 100% of the company which manages the FMT mortgage lending business. FMT declined to comment, despite repeated requests.

FMT, based in Auckland and Tauranga, claims to be New Zealand's largest first mortgage non-bank lender. It, like many other alternative lenders, has enjoyed success over the past year, as more borrowers look beyond the big banks. FMT has built a loan book of more than $600 million in recent years as it grows its customer base.

Has anyone ever heard of The First Fidelity Mortgage Group?