FBC Press Room Blog

National Mortgage Lender, FBC Mortgage, LLC Announces New Partnership with HomeBanc N.A.

March 18th, 2014 by

[...] Read More

FBC Mortgage to launch new division

March 8th, 2013 by


FBC Mortgage LLC plans to launch a new division to buy mortgages from community banks, Orlando Business Journal has learned.
Orlando-based FBC is testing the purchasing of mortgages and plans to launch the new operations under its CloseQuick brand to buy the home loans. Eventually, CloseQuick will spin off into a separate entity. FBC, which closed about $1 billion worth of home loans in 2012, used to only originate and then sell off the loans it issued. However, about nine months ago, FBC started retaining and servicing some of its loans and now services about 20 percent of them.[...] Read More

Florida-based mortgage lender FBC Mortgage places operations center in CO

December 10th, 2012 by


Florida based Mortgage Lender FBC Mortgage, LLC an affiliate of FBC Bank announced on Auguest 9, 2012, that it has opened its second National Operations Center in Centennial Colorado. FBC Mortgage operates throughout most of the United States and is based in Orlando Florida.  FBC has recruited Ellison Brimage as its Colorado Operations Manager.[...] Read More

Orlando Mortgage Lender FBC Releases The Florida Mortgage Report for October 2012

November 8th, 2012 by

FOR IMMEDIATE RELEASE

Contact:  Stephanie Simmons 407-377-0327

Email: ssimmons@fbchomeloans.com

 Orlando Mortgage Lender FBC Releases The Florida Mortgage Report for October 2012

Orlando, Florida – Orlando mortgage lender FBC Mortgage recently released The FBC Florida Mortgage Report for October 2012. The data from the Mortgage Report continues to show a strengthening housing market.  Below is a list of highlights:

  • The Average Loan Amount in Florida is $180,000, a 12.5% increase from October 2011.
  • Down Payments on average have decreased to 15% of the purchase price.  In October 2011 Down Payments averaged about 20%.  The lower down payment is a good sign that more lenders are entering the Florida mortgage market and easing some of the strict overlays that were in place.
  • Refinance volume continued to pick up in Florida.  Lower rates and more borrowers taking advantage of the HARP Loans contributed to this increase.
  • The Average Age of First Time Home Buyers continues to average around 36 years.

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Ultimate Newcomers: FBC Mortgage LLC

November 7th, 2012 by


Orlando Business Journal
Date: Friday, October 19, 2012, 6:00am EDT
FBC Mortgage LLC
Description: Mortgage banker specializing in residential lending purchase, refinance
Top executive: Joe Nunziata,[...] Read More

Sterne Agee to Acquire FBC Mortgage

November 7th, 2012 by

Press release
Oct. 2, 2012, 11:59 a.m. EDT

BIRMINGHAM, Ala., Oct 02, 2012 (BUSINESS WIRE) — Sterne Agee Group, Inc., one of the nation’s largest and oldest privately-owned financial services companies, announced today that it has signed a definitive agreement to acquire Florida-based residential mortgage lender FBC Mortgage, LLC. FBC, headquartered in Orlando, Florida with over 200 employees throughout Florida and 15 employees in Denver, Colorado. Currently licensed in 15 states, FBC originates loans both through retail and wholesale lending channels.

Once combined, the two entities will have 1,500 full time employees in 65 offices throughout the United States. “The acquisition is the continuation of Sterne Agee’s strategic plan to expand the products and services that Sterne Agee offers as a full-service financial services company,” stated James S. Holbrook, Jr., Sterne Agee’s Chairman and CEO. “Sterne Agee is very pleased to welcome FBC into its family of companies.” (more…)

FBC Mortgage to Merge with 111 Year Old Sterne Agee

October 4th, 2012 by

October 2, 2012

Contact at FBC:  Stephanie Simmons 407-377-0327 ssimmons@fbcmtg.com
Contact at Sterne Agee:   William K. Holbrook 205-380-1765 wholbrook@sterneagee.com.

FBC Mortgage to Merge with 111 Year Old Sterne Agee

Orlando, FL. – Florida based residential mortgage, lender FBC Mortgage, LLC (“FBC”), announced today that it has signed a definitive agreement  to merge with a subsidiary of Sterne Agee Group, Inc. “Sterne Agee”.  FBC, headquartered in Orlando, Florida with over 200 employees throughout the State and another 15 in Denver, has been strategically expanding throughout the U.S. Currently licensed in 15 states with 4 additional states pending, FBC originates loans both through retail and wholesale lending channels. FBC is on track to fund over a billion dollars this year in its residential loan channel. “This acquisition was a perfect fit for FBC.  It gives us the platform to expand more rapidly into new markets and keep our team together,” stated Rob Nunziata, FBC’s President and Co-CEO.  Founded in 1901, Sterne Agee is one of the nation’s largest and oldest privately-owned financial service companies. “We have been looking for a partner with the stature and reputation of Sterne Agee. This merger will give us the resources to continue our growth while providing our initial members with a liquidity opportunity. It has been exciting to launch FBC with our fathers guidance in late 2005 and then find a way to navigate and grow through one of the toughest recessions in U.S. history,” according to Sal A. “Joe” Nunziata, FBC’s Chairman and Co-CEO.

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ORLANDO BUSINESS JOURNAL – FBC Mortgage launches program to recruit, train workers

September 18th, 2012 by

By Bill Orben, Associate Managing Editor
Date: Friday, September 14, 2012, 6:00am EDT
FBC Mortgage LLC needs to hire 75 workers through the end of the year. But it has had trouble finding the right people for its jobs, which pay $35,000-$80,000.[...] Read More

Orlando’s mortgage-vs-rent gap grows – By Mary Shanklin, Orlando Sentinel

September 5th, 2012 by
4:02 p.m. EST, August 21, 2012
As Orlando home prices have increased this year, the gap between monthly mortgage payments and rents has widened.
This year started with mortgage payments that rivaled monthly rents, but the gap has grown, with monthly mortgage payments now averaging $1,200 and rents averaging $1,050, according to a report released this week by Orlando-based FBC Mortgage. In January, the mortgage-vs.-rent gap was only about $20. (more…)

Mega mansions like Versailles carry mega mortgages – By Mary Shanklin, Orlando Sentinel

September 5th, 2012 by
7:13 p.m. EST, August 31, 2012
The new tell-all film “Queen of Versailles” makes clear that Orlando‘s time-share celeb couple, David and Jacqueline Siegel, are building America’s largest house.
What the comedic documentary does not mention is that the house is bankrolled by one of the largest mortgages in the country. (more…)