• News
  • SAN DIEGO
  • Real Estate

Bexil American Mortgage acquires Castle Mortgage

San Diego-based Bexil American Mortgage Inc., a majority-owned subsidiary of Bexil Corp. (BXLC), closed of the acquisition of Castle Mortgage Corp., a full-service mortgage lender operating throughout the Southeast. Terms of the transaction were not disclosed.

Bexil American Mortgage and its wholesale channel, American Mortgage Network, have been expanding across the United States. The company was founded in October 2011 and is licensed in 17 states. Castle is approved in nine states.

"Castle Mortgage adds significant depth and flexibility to our capabilities as we grow our company," said John M. Robbins, CEO and president of Bexil American Mortgage. "Their seller-servicers approvals with Fannie Mae, Freddie Mac and Ginnie Mae will accelerate our entrance into the retail market and provide a competitive advantage for our mortgage broker customers. We're delighted to welcome the Castle Mortgage team."

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

User Response
0 UserComments

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.