Maddin Hauser Closes Significant Acquisition of Its Client

Maddin Hauser is pleased to announce its role in the sale of Homestar Financial Corporation to OCMBC, Inc dba LoanStream Mortgage. The acquisition, which was reported in HousingWire, closed on August 30, 2024, substantially expanding OCMBC’s nationwide operations.

The Maddin Hauser team of David H. Freedman, Martin S. Frenkel, and Brian A. Nettleingham led the transaction on Homestar’s behalf. Seasoned attorneys when it comes to the mortgage industry, they deftly navigate the myriad of mortgage related issues, including mergers and acquisitions, regulatory, licensing, secondary market, vendor, and litigation matters, among many others. David, Marty, and Brian worked closely with M&A advisory firm Sterling Point Advisors, based in Richmond, Virginia, to close the transaction for Homestar.

With their client-first focus, the attorneys in Maddin Hauser’s Financial Services Group serve as a critical resource— locally, regionally, and nationally—for mortgage lenders and servicers. 

Homestar Financial Corporation started in 2002 as a local mortgage banking company in Gainesville, Georgia. Under the leadership of founder and CEO Wes Hunt, Homestar grew its licensed business operations from coast to coast and became a respected Fannie Mae, Freddie Mac, and GNMA-approved mortgage lender. California-based OCMBC is a leading mortgage lender and servicer, a top 5 wholesale lender, active in all loan products, and the nation’s #2 NonQM originator. Wes will continue to act as the CEO of Homestar on behalf of OCMBC post-closing.