“Republic First Quits Mortgage Business, Stock Soars in Premarket: Find Out Why!”
Philadelphia-based Republic First Bancorp Inc. is exiting the mortgage origination business and focusing on core business lines, as it considers the aggressive pricing of long-term jumbo mortgages no longer fitting with its strategy of enhancing profitability. With plans to streamline its commercial lending activities in New York City and reduce its workforce, this move reflects […]