Relevant:
- Discover to close mortgage origination business, cut 460 jobs (BEATING EXIT AFTER 3 YEARS!!)
- Discover eyes mortgage, checking deals
- FDIC to Sell Servicing Rights on $1 Billion of Mortgages
- Community banks and credit unions brace for end of Fannie, Freddie
- Countrywide's Mortgage Document Errors May Doom Bank of America
2011-05-14 — thetruthaboutmortgage.com
``Discover is buying all the operating and related assets of Home Loan Center, the mortgage lending subsidiary of Tree.com, which offers both purchase money mortgages and refinance loans... Discover plans to originate residential mortgages nationwide to sell on the secondary market on a servicing-released basis.''
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