CIT Bank is set to grow its operation by acquiring Mutual of Omaha Bank, the banking arm of insurance giant Mutual of Omaha, for $1 billion. But one area where CIT won’t be growing is in its mortgage business. Much of Mutual of Omaha Bank’s business is focused on HOA banking, but the company does have a growing mortgage arm, and the company likes its mortgage business so much that it won’t be included in the sale to CIT.
https://karincomeaux.com/wp-content/uploads/2018/07/PremierLogo3.png 0 0 HousingWire https://karincomeaux.com/wp-content/uploads/2018/07/PremierLogo3.png HousingWire2019-08-14 21:49:002019-08-14 21:49:00CIT buying Mutual of Omaha Bank, but not its mortgage business
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