Brief: CFbank Announces Wind Down Of Direct To Consumer Mortgage Lending.

CF Bankshares

01/07/2021 21:19

July 1 (Reuters) - CF Bankshares Inc  CFBK.O :
    * CFBANK ANNOUNCES WIND DOWN OF DIRECT TO CONSUMER (DTC)
MORTGAGE
LENDING.
    * CFBANK - HAS SUSPENDED ORIGINATION OF NEW RATE-LOCK
COMMITMENTS
THROUGH ITS DTC MORTGAGE LENDING BUSINESS EFFECTIVE AS OF JUNE
30, 2021
    * CFBANK - WILL WORK TOWARD CLOSING OUT ITS EXISTING LOAN
PIPELINE
AND COMMITMENTS IN NEXT FEW MONTHS
    * CFBANK - EARLY PAYOFF EXPENSE IS EXPECTED TO EXCEED $2
MILLION
YEAR-TO-DATE THROUGH JUNE 30, 2021

Source text for Eikon:  ID:nPn5XpSl5a 
Further company coverage:  CFBK.O 

 ((Reuters.Briefs@thomsonreuters.com;))