ABA subsidiary Community Bank Mortgage LLC announces renewal with SunTrust Mortgage.
| Position | Brief article |
COMMUNITY BANK MORTGAGE LLC, a subsidiary of the ABA, has renewed its agreement with SunTrust Mortgage Inc. as one of four preferred secondary market investors. With this partnership, Community Bank Mortgage LLC owner banks can sell loans on a servicing-released basis to SunTrust Mortgage and access their full line of products, including jumbo loans.
Community Bank Mortgage LLC, launched in 2007, is a unique and ABA-exclusive mortgage cooperative structure designed to leverage the collective bargaining power of risk-adverse community banks that actively sell loans in the secondary...
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