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Sale of Irwin Mortgage Getting Closer?(Brief article)
FISHERS, IN -- The sale of Irwin Mortgage here, a top 40 ranked lender and servicer, could be announced soon according to industry sources. Late last month, details were still being worked out with a buyer, sources said.
Officials familiar with the sale would only confirm that a letter of intent has been signed and that auditors are currently reviewing the deal. At press time, Irwin's parent company, Irwin Financial Corp., Columbus, Ohio, had not responded to a reporter's telephone call.
Back in February, subprime giant New Century Financial Corp., Irvine, Calif., was rumored to be the leading bidder, but both parties refused comment. Both Irwin and New Century - one of the nation's largest subprime lenders - are publicly traded. Irwin Mortgage ...
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Source: HighBeam Research, Sale of Irwin Mortgage Getting Closer?(Brief article)