Yellow Brick Road to buy RESI

Bouris-led group set to buy mortgage lender for $36m as it chases more market share.

Yellow Brick Road Holdings (YBR) is set to acquire privately-owned mortgage manager RESI Mortgage Corporation (Resi) for $36 million as it ramps up its assault on the big four's market share.

The group will pay $28m cash, $5.5m in ordinary shares at a price of 70 cents each, with up to $2.5m being paid one year after the settlement.  


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles