Industry Watch: Planet Home Lending’s big retail acquisition and more

Industry Watch: Planet Home Lending’s big retail acquisition and more

Planet Home Lending has confirmed its acquisition of Axia Home Loans’ retail mortgage business.

UBS, which bought Credit Suisse after the Switzerland-based bank fell into financial troubles last year, has announced an agreement to sell Credit Suisse’s U.S. mortgage servicing operation to an unnamed buyer.

Motto Mortgage has announced a new office in Marquette, Michigan, serving all markets throughout the state. Jackie Menhennick will serve as the mortgage loan originator and operations manager for the office.

Newrez has announced the launch of a new emergency relief fund providing its employees with support in times of hardship. The NEED Fund is designed to provide immediate financial assistance to employees facing unforeseen emergencies such as natural disasters, such as floods, tornadoes, wildfires or hurricanes; medical crises; death of a spouse or partner; vehicle accidents; or other significant personal hardships.

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