In the last few years, commercial banks have shown an impressive appetite to acquire mortgage banking operations. Some transactions, such as Chemical's recently announced agreement to purchase Margaretten Financial Corp. and PNC Bank Corp.'s 1993 acquisition of Sears Mortgage placed those acquirers among the largest mortgage bankers.

Other significant transactions, including Keycorp's acquisition of Coldome and Chase's acquisition of Troy & Nichols, have demonstrated a solid commitment by commercial banks to the business of mortgage banking, a commitment that appears to be lasting.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.