Business Services Industry
Miami-Area Mortgage Broker Gains Increasing Control over Purchase Process.
Knight Ridder/Tribune Business News, May, 2002
By Douglas Hanks III, The Miami Herald Knight Ridder/Tribune Business News
May 30--When visitors to a model home announce they are ready to sign a contract, Homebuilders Financial Network tries to block the exits.
The Miami Lakes mortgage broker partners with regional builders across the country to sell home buyers their loans, too. The set-up is a familiar one in the increasingly integrated home building industry, where the largest companies not only sell houses but mortgages, insurance and closing services -- products people used to buy from other businesses on their path to homeownership.
Now builders want those profits for themselves, and last week HFN announced a move to offer a larger slice of the pie. Fidelity National Financial,...
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