Utah bank acquires in-state mortgage lender
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
The industry group wants the FDIC to reject an ILC request from student lender Nelnet and impose a two-year ban on future applications.
Nelnet’s planned bank would be an online enterprise focused on gathering deposits and making private student loans.
As housing demand continues to challenge low levels of supply, home prices are overvalued in 34% of the largest U.S. metropolitan areas, according to CoreLogic.