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Fidelity Homestead Savings Bank of New Orleans has agreed to use a data network operated by ERF Wireless Inc. to link its branches and data center.
June 12 -
Nationstar, Ocwen and Walter Investment picked a tough time to make an aggressive push into mortgage lending, but their efforts could pay off once new mortgage rules kick in.
November 14 -
The qualified-mortgage rule, reduced refi activity and ongoing commoditization are forcing smaller institutions to take a hard look at exiting the mortgage origination business.
January 9
Fidelity Homestead Savings Bank in New Orleans has acquired the regional mortgage lender NOLA Lending.
NOLA Lending will operate as a division of the $826 million-asset Fidelity, according to a press release Tuesday. Financial details of the deal were not disclosed.
The acquisition extends Fidelity beyond Louisiana and into Mississippi, Tennessee, Florida and Alabama. The combined firm has 400 employees.
"Fidelity holds one of the strongest capital positions among community banks in the region, and NOLA Lending has a strong reputation with Realtors, consumers and lenders for fast and efficient processing of residential loans in the Southeast," Fidelity Chief Executive Alton McRee said in the release.
Fidelity was founded in 1908 and has 18 branches throughout southeastern Louisiana. NOLA Lending, which was founded in 2002, is based in Mandeville, La., and has 24 offices in five states.
