February 24, 2017 9:22 PM ET

Thrifts and Mortgage Finance

Company Overview of Stonegate Mortgage Corporation

Company Overview

Stonegate Mortgage Corporation, a non-bank mortgage company, focuses on originating, financing, and serving residential mortgage loans in the United States. The company operates through three segments: Originations, Servicing, and Financing. The Originations segment originates and sells residential mortgage loans through correspondent, wholesale, and retail channels. Its products include government mortgage loans, prime conforming mortgage loans, prime non-conforming mortgage loans, and non-agency loans. The Servicing segment performs loan administration, collection, and default activities, including the collection and remittance of loan payments, responding to customer inquiries, accounting...

9190 Priority Way West Drive

Suite 300

Indianapolis, IN 46240

United States

Founded in 2005

893 Employees

Phone:

317-663-5100

Fax:

317-569-0705

Key Executives for Stonegate Mortgage Corporation

Stonegate Mortgage Corporation does not have any Key Executives recorded.

Stonegate Mortgage Corporation Key Developments

Stonegate Mortgage Corporation Amends and Restates Articles of Incorporation

On January 25, 2017 the Board of Directors of Stonegate Mortgage Corporation amended and restated, effective immediately, the company's Third Amended and Restated Code of Regulations (the Regulations) to add Article VII, which provides that, unless the company consents in writing to the selection of an alternative forum, the sole and exclusive forum for (a) any derivative action or proceeding brought on behalf of the company, (b) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or other employee of the company to the company or the company's shareholders, (c) any action asserting a claim against the company or any director, officer or other employee of the company arising pursuant to any provision of the Ohio General Corporation Law, the Third Amended and Restated Articles of Incorporation of the Company or the Regulations (in each case, as they may be amended from time to time), or (d) any action asserting a claim against the company or any director, officer or other employee of the company governed by the internal affairs doctrine will be a state court located in Franklin County, in the State of Ohio (or, if no state court located within Franklin County in the State of Ohio has jurisdiction, the federal district court for the Southern District of Ohio).

Stonegate Mortgage Corporation Declares Dividend on Preferred Share

Stonegate Mortgage Corporation Board of Directors declared a dividend of 1 preferred share purchase right for each outstanding share of Stonegate Mortgage's common stock. The rights will be distributable to stockholders of record as of February 6, 2017, as well as to holders of Stonegate Mortgage's common stock issued after that date.

Stonegate Mortgage Corporation Names Brad Smith as National Renovation Sales Director

Stonegate Mortgage Corporation announced that Brad Smith has been named National Renovation Sales Director. In this position, Smith will be responsible for the development and selling of renovation programs through the retail, wholesale and correspondent channels. He will report directly to John Pantalone, SVP Eastern Division Manager. Most recently, he worked as National Renovation Sales Specialist at Home Bridge Financial Services where he was a key strategist responsible for identifying sales opportunities.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 27, 2017
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