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Loanstar Mortgage

Package Home Loan Star Ratings Revealed

CANSTAR unveils the latest star ratings for Australian package home loans on channel 7's Today Tonight.

Commerce Home Mortgage Acquires LoanStar Home Loans

LoanStar’s loan production offices in Oregon, Washington, California, Colorado, Arizona, Texas, Utah, and Hawaii will continue to operate under the LoanStar name as a division of Commerce.

Steven Sugarman, Executive Chairman of The Capital Corps and Commerce, stated, “I am thrilled to partner with LoanStar and its talented professionals for this strategic transaction. Our combined organization will have a strong balance sheet, meaningful scale, and the benefits associated with our certification as a CDFI by the United States Department of Treasury. As Commerce rolls out its proprietary, non-traditional prime mortgage products later this year, our retail loan officers will have a compelling opportunity to meaningfully grow their originations.” Sugarman continued, “Commerce’s expansion throughout the Northwest and Texas has been a top priority. Today’s announcements mark significant progress towards our goal of expanding access to capital in these important regions.

Commerce acquires LoanStar to expand in underserved housing markets

&Quot;We look forward to connecting Commerce with banking partners and others who can help provide the financing and develop the products needed to better serve these underbanked populations," she said.

The acquisition marks significant progress toward Commerce's goal of expanding access to capital in the Northwest and Texas regions, according to Steven Sugarman, executive chairman of The Capital Corps and Commerce.

"I am thrilled to partner with LoanStar and its talented professionals for this strategic transaction. Our combined organization will have a strong balance sheet, meaningful scale, and the benefits associated with our certification as a [community development financial institution] by the United States Department of Treasury," said Sugarman.

"As Commerce rolls out its proprietary, nontraditional prime mortgage products later this year, our retail loan officers will have a compelling opportunity to meaningfully grow their originations. Commerce's expansion throughout the Northwest and Texas has been a top priority," he continued.