In Brief: American Home Hires Acquisition Adviser

American Home Funding of Richmond, Va., has engaged Charbonneau-Klein Inc. of Houston to help it acquire mortgage banking entities.

American Home is wholly owned by Rochester Community Savings Bank in New York. It services some $7 billion of residential loans and has mortgage originations of about $1.2 billion a year.

Charbonneau-Klein, a mortgage consulting firm said American Home wants to diversify its servicing and production operations through acquisitions.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER