Fremont General CorporationNon-Bank Financial Institutions
With $13 billion in assets, the Santa Monica, California-based Fremont General Corporation operates as a financial services holding company, with its primary operating entity, Fremont Investment & Loan, providing residential and commercial real estate (CRE) lending on a nationwide basis. Fremont General Corporation originates non-prime residential real estate loans on a wholesale basis that are sold to third parties through whole loan sales and, to a lesser extent, securitizations. Fremont General Corporation also originates CRE loans, which are primarily short-term bridge and construction facilities, for its on-balance-sheet portfolio. Finally, Fremont General Corporation offers deposit accounts insured by the Federal Deposit Insurance Corporation (FDIC), including certificate of deposits and money market and savings accounts, through its 21 branches in California.