Knight Capital Group has purchased Urban Financial Group, a Tulsa, Okla.-based originator of reverse mortgage loans, making it an origination through securitization player in the sector.

Terms of the deal were not disclosed. Based on information from Reverse Mortgage Insight, for the first half of 2010, Urban was the nation's fourth largest originator of Federal Housing Administration Home Equity Conversion Mortgages, with an endorsement volume of 1,036 loans.

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