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Commerce Home Mortgage Becomes Member of Federal Home Loan Bank

Commerce Home Mortgage Becomes Member of Federal Home Loan Bank

IRVINE, Calif.–(BUSINESS WIRE)–Commerce Home Mortgage, LLC (“Commerce”) – the wholly owned subsidiary of The Capital Corps, LLC – announced today that it has become a member of the Federal Home Loan Bank of San Francisco (FHLB). This achievement marks a significant milestone for Commerce, as it is now the only independent mortgage company that is approved with Fannie Mae, Freddie Mac and Ginnie Mae; certified as a Community Development Financial Institution (CDFI); and a member of the FHLB.

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Press Releases

Commerce Home Mortgage and The Capital Corps Join Forces

Commerce Home Mortgage (“CHM”) announced today that it has closed a strategic investment from The Capital Corps, LLC (“The Capital Corps”) a California based financial institution led by former Banc of California Founder Steven Sugarman and National Diversity Coalition Chief Executive Officer Faith Bautista. As part of the transaction, the Capital Corps’ Founder Steven Sugarman and co-founder Jeffrey Seabold have joined the Board of CHM. Mario De Tomasi, Chief Executive Officer of CHM, stated “CHM has made significant investments in its infrastructure to enable it to scale its retail business over the next several years.

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California Leaders Launch The Capital Corps, LLC

Founders Steven Sugarman and Faith Bautista announced today the launch of The Capital Corps, LLC (“The Capital Corps”), a California based financial institution focused on providing access to capital to diverse homeowners and small businesses, including those with non-traditional prime credit needs currently unserved by banks and traditional financial institutions. Mr. Sugarman and Ms. Bautista will be joined by co-Founder Jeffrey Seabold and an experienced team of bankers and lenders to serve this marketplace.

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