September 20, 2017 8:26 AM ET

Thrifts and Mortgage Finance

Company Overview of M/I Financial, LLC

Company Overview

M/I Financial Corp. operates as a subsidiary of M/I Homes, Inc.

3 Easton Oval

Suite 500

Columbus, OH 43219

United States

Founded in 1983

Phone:

614-418-8000

Key Executives for M/I Financial, LLC

President
Compensation as of Fiscal Year 2017.

M/I Financial, LLC Key Developments

M/I Financial, LLC Enters into First Amendment to Second Amended and Restated Mortgage Warehousing Agreement

On June 23, 2017, M/I Financial, LLC, a wholly-owned subsidiary of M/I Homes Inc., entered into the First Amendment to Second Amended and Restated Mortgage Warehousing Agreement dated June 24, 2016. The MIF Warehouse Agreement is used to finance eligible mortgage loans originated by M/I Financial. The First Amendment, among other things, extends the maturity date from June 23, 2017 to June 22, 2018, reduces the applicable LIBOR margin from 2.50% to 2.375%, and allows the maximum amount of borrowing availability to be increased from $125 million to $150 million during the periods from September 25, 2017 to October 16, 2017 and from December 15, 2017 to February 2, 2018. The other material terms of the MIF Mortgage Warehousing Agreement remain unchanged.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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