twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.


Acquisition Creates New Wholesaler

Carrington completes acquisition of AHE

Aug. 2, 2011

By MortgageDaily.com staff


The acquisition of a California-based lender postures Carrington Mortgage Services LLC to launch a wholesale lending channel.

Santa Ana, Calif.-based Carrington announced Tuesday the acquisition of certain assets of American Home Equity Corp., an 11-year-old mortgage banking firm based in Irvine, Calif.

American Home originates agency, government and non-conforming residential mortgages. Production during the past two years reportedly totaled more than $1 billion.

A wholesale staff of 40 is included with the acquisition.

"Providing a sound foundation for launching the Carrington Mortgage Services wholesale origination channel, the expansion presents an opportunity to offer wholesale origination with the same high-touch service levels and credit quality as that of Carrington's retail channel," the statement said. "American Home Equity shares a similar business philosophy and commitment to quality with Carrington."

Carrington Executive Vice President Steve Patton noted in the announcement that the acquisition will enable Carrington to immediately offer wholesale lending programs on a national basis.

Carrington, which says it is licensed in 37 states, was created through the acquisition of New Century Financial Corp.'s loan servicing operations out of bankruptcy in 2007.

Last month, Carrington announced that it was approved by Ginnie Mae to securitize government mortgages.

American Home Equity Corp., doing business as America's Lending Solution, was among 840 brokers, correspondents and loan originators banned in 2009 from doing business with CitiMortgage Inc.

Carrington Mortgage news

next story

back to current headlines


Wholesale Lending News | Directory | P r i cing Engine | Originator Newsletter
News about wholesale lenders, correspondent lenders and wholesale mortgage lending programs. Alt-A, subprime and other niche loan programs. Lawsuits between wholesalers and brokers.



The Mortgage Graveyard
Failed, closed and a c q u i r e d mortgage-related entities.



Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders