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Slide #25. Crossline Capital, a Subsidiary of Stonegate Mortgage — Medallion Mortgage Company
Crossline Capital, a Subsidiary of Stonegate Mortgage (SGM)
Medallion Mortgage Company
Stonegate Mortgage Corporation (NYSE:SGM), has announced today the completion of its acquisition of Southern California-based Medallion Mortgage Company through its wholly owned subsidiary, Crossline Capital.
Stonegate Mortgage is a non-bank mortgage company focused on originating, financing and servicing U.S. residential mortgage loans. Co. operates as an intermediary between residential mortgage borrowers and the investors of mortgages. Co. operates three segments: Mortgage Origination, which originates and sells residential mortgage loans; Mortgage Servicing, which Co. performs loan administration, collection and default activities; and Mortgage Financing, which features a centralized custodian and disbursement agent allowing it to enter into participation arrangements with financial institutions, such as regional banks, for an interest in its newly originated warehouse lines of credit.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 82% of all stocks covered)
Based on Zacks ABR data;
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