Former Officials of Failed $2.7 Billion Bank Sued
Former directors and officers of a failed $2.7 billion bank are being sued for loans they made and rules they broke while at the helm of the financial institution.
AMC Giant Acquired
An appraisal management company that claims to be among the biggest of its kind has been acquired by an insurance product provider.
Former Officials at 2 Failed Banks Sued by FDIC
|2014 Is Year of Mergers for Mortgage Firms
Although the number of mortgage-related casualties has significantly declined this past year, wholesale lenders are disappearing at a brisk pace. Meanwhile, mortgage mergers are on the rise.
Two lawsuits recently filed by the Federal Deposit Insurance Corp. bring to 23 the number of failed Georgia banks that have seen former officers and directors sued during the past three years.
Banks Scoop Up Mortgage Bankers
A trio of recent mortgage banking deals were made by banks, and one involves a former Wells Fargo & Co. joint venture.
Builder's Mortgage Unit Acquires Retail Originator
Just a month after announcing it would eliminate wholesale lending from its business, Universal American Mortgage Company LLC is acquiring retail mortgage banking assets.
Fmr CFPB Official's Firm to Offer Wholesale Non-QMs
A company founded by a former Consumer Financial Protection Bureau official has agreed to a merger that has it providing non-Qualified Mortgage through the wholesale channel.
Nationstar Executive Joins loanDepot
A top executive at Nationstar Mortgage LLC's retail lending subsidiary has jumped ship and joined another fast growing company.
Valuation Services Being Acquired
A mortgage service provider that helps home lenders manage their risk is unloading its suite of home valuation services. The acquirer also picked up a compliance company.
Warehouse Lender Agrees to Be Acquired
The parent of warehouse lender Southwest Securities, FSB, has reached an agreement to be acquired in a move that will create one of the largest Texas banks.