Bank of Southern California N.A. Announces $7 Million Capital Offering
Mortgage and Finance News: (SAN DIEGO, Calif.) Bank of Southern California N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced today that it has signed a stock purchase agreement for a private placement of $7 million of the Bank's common stock with Castle Creek Capital, based in Rancho Santa Fe, California. The transaction is anticipated to close in the fourth quarter, subject to regulatory approvals and other standard closing conditions.
Titan Offers Trade Transaction Management Services to Mortgage Investors
Mortgage and Finance News: (DENVER, Colo.) Mortgage services expert Titan Lenders Corp. announces it is now offering Trade Transaction Management Services to investors looking to acquire mortgage assets. Through these services, Titan facilitates the administrative tasks and logistical management of acquiring a loan pool. Using its comprehensive mortgage process and compliance foundation, Titan works in collaboration with investors to provide a deeper understanding of the risks the investor is potentially acquiring.