Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  HomeStreet Inc    HMST

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

HomeStreet Inc : HomeStreet Expands Mortgage Business into California

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/26/2013 | 09:25pm CEST

HomeStreet Bank, a wholly owned subsidiary of HomeStreet, Inc. (NASDAQ:HMST), announced that it has expanded its mortgage operations into California, opening its first mortgage lending office in Pasadena (Los Angeles County). The new lending center will be managed by Rob Levy.

Levy comes to HomeStreet from Wells Fargo, where he was ranked the company's number one producer in the nation for home purchase loans in 2011 and the top producer for purchase and overall production volume in Southern California from 2008 to 2012. Levy will initially lead a staff of six mortgage originators and assistants.

"We believe the Pasadena area offers a strong housing market and economy and provides HomeStreet with a significant opportunity to expand our purchase business," said Rich Bennion, executive vice president and residential lending director for HomeStreet Bank. "We have a very solid and talented team in place to launch this expansion and represent HomeStreet's brand of expertise, service and reliability in a new and exciting market."

Now in its 92nd year, HomeStreet Bank is a diversified financial services company headquartered in Seattle with 22retail branches and 26 stand-alone lending centers in the Pacific Northwest, Hawaii and Pasadena. The company achieved record closed loan production of $4.7 billion for 2012 and maintained its number two rank in mortgage loan production in its home market of Puget Sound (Washington)(1), second only to Wells Fargo.

For more information on HomeStreet Bank's mortgage programs, visit www.homestreet.com/loans.

(1) Based on combined production of HomeStreet, Inc. subsidiaries. Source: Marketrac, Dec. 2012.

About HomeStreet, Inc.

HomeStreet, Inc. (NASDAQ:HMST) is a diversified financial services company headquartered in Seattle, Washington, and the holding company for HomeStreet Bank, a state-chartered, FDIC-insured savings bank. HomeStreet Bank offers consumer and business banking, investment and insurance products and services in Washington, Oregon, Idaho, Hawaii and California. http://ir.homestreet.com.

This press release includes forward-looking statements concerning HomeStreet, Inc. and HomeStreet Bank and their operations, performance and likelihood of growth and success. All statements other than statements of historical fact are forward-looking statements. Such statements are based on our management's beliefs, assumptions, estimates and expectations of our future performance and involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the company. A number of factors could cause actual results to materially differ from those expressed in or implied by such forward-looking statements. For instance, our ability to successfully expand our banking operations geographically and across market sectors, grow our franchise and capitalize on market opportunities may be limited due to risks and uncertainties including fluctuations in revenue or costs, the extent of our success in resolution of troubled assets, changes in competition faced by HomeStreet Bank, changes in the banking industry, legal and regulatory changes, changes in the securities markets, general and regional economic conditions and other factors listed from time to time in our SEC reports. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date.

HomeStreet, Inc.
Terri Silver, VP, Investor Relations & Corporate Communications
206-389-6303
[email protected]
http://ir.homestreet.com


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HOMESTREET INC
09/18 HOMESTREET : Bank Completes Purchase of El Cajon Branch
09/18 HOMESTREET : Miss HomeStreet Hydroplane Takes Home the 2017 National Championshi..
09/12 HOMESTREET, INC. : Change in Directors or Principal Officers (form 8-K)
09/12 HOMESTREET, INC. : Names Mark Ruh as Chief Financial Officer
08/28 HOMESTREET : Shane in Miss Homestreet wins Gold Cup in Detroit | Hydros
08/28 HOMESTREET : Miss HomeStreet Hydroplane Wins 2017 Gold Cup in Detroit
08/07 HOMESTREET : Miss HomeStreet Hydroplane Wins 2017 Seafair Cup in Seattle
08/04 HOMESTREET : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RES..
08/01 HOMESTREET : Bank of America Corp DE Sells 3,217 Shares of HomeStreet, Inc.
07/31 HOMESTREET : Miss HomeStreet Hydroplane Comes in 3rd at the 2017 HAPO Columbia C..
More news
News from SeekingAlpha
07/25 HomeStreet's (HMST) CEO Mark Mason on Q2 2017 Results - Earnings Call Transcr..
07/24 HomeStreet EPS of $0.42
07/23 Notable earnings after Monday?s close
04/25 HomeStreet's (HMST) CEO Mark Mason on Q1 2017 Results - Earnings Call Transcr..
04/24 HomeStreet beats by $0.07
Financials ($)
Sales 2017 508 M
EBIT 2017 64,5 M
Net income 2017 45,4 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 15,36
P/E ratio 2018 12,16
Capi. / Sales 2017 1,36x
Capi. / Sales 2018 1,26x
Capitalization 692 M
Chart HOMESTREET INC
Duration : Period :
HomeStreet Inc Technical Analysis Chart | HMST | US43785V1026 | 4-Traders
Technical analysis trends HOMESTREET INC
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 28,4 $
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Mark K. Mason Chairman, President & Chief Executive Officer
Mark R. Ruh Chief Financial Officer & Executive Vice President
David A. Ederer Chairman-Emeritus
Scott M. Boggs Independent Director
Victor H. Indiek Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
HOMESTREET INC-18.51%692
JP MORGAN CHASE & COMPANY10.13%333 703
INDUSTRIAL AND COMMRCL BANK OF CHINA LTD35.60%309 577
WELLS FARGO-1.91%269 294
BANK OF AMERICA13.85%263 976
CHINA CONSTRUCTION BANK CORPORATION28.68%229 468