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Movement buys Platinum Mortgage’s Alabama retail operation

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An emerging-growth nonbank consumer lender and market leader offering home mortgage, refinance and home equity loan products in all 50 states.

Movement buys Platinum Mortgage’s Alabama retail operation Movement Mortgage purchased the two branches that comprise Huntsville, Ala.-based Platinum Mortgage’s retail business just weeks after the latter company sold its wholesale division. M&A Brad.

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For mortgages with a loan-to-value (LTV) ratio of less than or equal to 90%, the 0.80% monthly MIP will be paid for the first 11 years of the mortgage term, or the end of the mortgage term, whichever comes first. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan.

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Those comments were removed as well as accompanying text.] Provident Financial Holdings announced its exit from mortgage banking earlier this week. In a released statement the firm said challenging.

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Platinum Mortgage, Inc. is an Alabama Domestic Corporation filed on July 29, 1998. The company’s filing status is listed as Exists and its File Number is 197-111. The Registered Agent on file for this company is Clark, Terry L and is located at 103 Spenryn Drive, Madison, AL 35758.