HomeStreet acquiesces to activist investor, will sell mortgage unit

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  • HomeStreet acquiesces to activist investor, will sell mortgage unit
    HomeStreet acquiesces to activist investor, will sell mortgage unit

    HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, acceding to an activist investor’s demands to exit home lending. HomeStreet Inc., the Seattle community bank’s parent company, cited rising interest rates and home prices that have lowered demand for mortgages, as well as […]

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