Transamerica Corp. has acquired Metropolitan Mortgage Co., a Florida company that specializes in subprime loans. Terms were not disclosed.

Metropolitan said Joseph L. Falk would remain as president and Judith Richard as chief operating officer. The two are the son and daughter of Metropolitan's founder, Walter Falk.

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.