NEWARK, N.J. - First Fidelity Bancorp soon will launch soon a unit in its home equity lending division.

The unit will buy loans that were made to borrowers with less-than- stellar credit by mortgage banks and brokerage companies, said James E. Fitzgerald, executive vice president of consumer lending.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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