TITLE

Nationwide buys £1.1bn loan portfolio from BoI

PUB. DATE
October 2011
SOURCE
Mortgage Strategy;10/24/2011, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the firm Nationwide has purchased 1.1 billion pound loan portfolio from Bank of Ireland (BoI). It mentions that Bank of Ireland has sold a 1.1 billion pound to residential mortgage to Nationwide in an effort to sell 10 billion pound of its non-core loan portfolios. Further it focuses on divestiture plans of BoI.
ACCESSION #
67740394

 

Related Articles

  • Five years on, Bank of Ireland UK makes return to broker market. RAY, DEVRAJ // Mortgage Strategy;12/10/2014, p9 

    The article reports that the Bank of Ireland UK has returned to the British intermediary mortgage market on December 1, 2014 after an absence of five years.

  • Nationwide takes on extra staff to deal with processing. brennan, henry // Mortgage Strategy;11/19/2012, p3 

    The article reports on the decision of Nationwide to hire more staff to deal with mortgage application processing in Bournemouth, England. A spokeswoman from Nationwide says that the recent brokerfeedback on service has improved and that they will continue to monitor the performance closely. It...

  • Nationwide expanding on-the-spot loan offers. Powley, Tanya // Money Marketing;11/29/2007, p5 

    The article reports that Nationwide in Great Britain is introducing its point-of-sale mortgage offers across all its brands by the end of 2008. Matthew Wyles, non-retail executive, claims that the firm will install a much more modern processing system. He added, that Nationwide will focus on the...

  • Confusion surrounds ResCap's destiny. Muolo, Paul // Mortgage Strategy;2/15/2010, p25 

    In this article, the author discusses the issues surrounding the U.S. mortgage giant Residential Capital Corp. (ResCap). The author states that the company has earned millions of dollars on A-paper lending and ranked in the top 10 originators and servicers in the country. It notes that ResCap...

  • South Trust Will Sell Part Of its Servicing Portfolio.  // Mortgage Servicing News;Aug2000, Vol. 4 Issue 8, p2 

    Announces the plan of SouthTrust Mortgage Corp. to sell part of its mortgage servicing rights to restructure risk. Success of the company in the mortgage business; Plans to continue originating and servicing loans.

  • Irwin sells mortgage-servicing unit. Donhardt, Tracy // Indianapolis Business Journal;10/9/2006, Vol. 27 Issue 31, p55 

    The article reports that Columbus, Indiana-based Irwin Financial Corp. will sell its mortgage servicing business in Fishers to four buyers as part of its plan to spin off operations with declining income prospects. Previously, Irwin sold its mortgage-lending subsidiary Irwin Mortgage to Freedom...

  • Heroes & Villains.  // Mortgage Strategy;3/19/2007, p37 

    The article looks at positive and negative developments within the British mortgage loan industry. The author applauds the Bank of Ireland for launching a professional landlord's buy-to-let scheme. Meanwhile, companies offering so-called reverse mortgages in tabloid newspapers are criticized by...

  • Nationwide to join Help to Buy scheme tomorrow. Brennan, Henry // Mortgage Strategy (Online Edition);5/28/2013, p6 

    The article reports that mortgage lender Nationwide has joined the Help to Buy scheme of the British government and will accept mortgage applications for borrowers looking to participate in the shared equity part of the scheme from May 29, 2013. A 2.54 percent two-year fixed rate up to 75...

  • Will Insurer Sell Mortgage Unit? Muolo, Paul // Mortgage Servicing News;Apr2004, Vol. 8 Issue 3, p1 

    Reports on the issue related to the plan of Principal Financial Group Inc. for its mortgage division in the U.S. Possibility for the parent company to sell its mortgage subsidiary Principal Residential Mortgage of Des Moines; Combination of market share of two residential servicers; Estimation...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics