Half-Century Old Bank Fails
Federal banking regulators seized a small financial institution in the Florida Panhandle that was more than a half-century old
Impac Acquisition Supports Centralized Strategy
An upcoming acquisition by Impac Mortgage Holdings Inc. will yield significant tax benefits, increase originations and supercharge its centralized lending strategy.
Mortgage Master Acquisition Done
A deal announced two months ago to acquire Mortgage Master Inc. has closed, creating one of the biggest nonbank lenders in the country.
Warehouse Lender Acquired
The acquisition of a mortgage warehouse provider out of Texas has been completed. The deal creates one of the state's largest local banks.
Titan Lenders Exiting Retail Fulfillment Space
A company that enables mortgage originators to outsource production functions has decided to no longer offer the service for the retail channel. Increased compliance risks impacted the decision.
Bank, 2 Credit Unions Fail
Losses from the failure of a midwestern bank are expected to reach nearly a third of its total assets. Meanwhile, a pair of Michigan credit unions were liquidated.
Prison for Former Executives of Failed MO Firm
A third senior executive has admitted his role in a bank fraud scheme that kept a Missouri company afloat as it racked up a huge deficit.
Merger Creating Sizable Lender
The acquisition of one Utah-based mortgage firm by another has created a company with more than 2,000 employees and over 200 branches.
Major Mortgage Player Emerging from Merger
The acquisition of an East Coast player by a West Coast mortgage banker will create a company that will rank as one of the country's 15 largest home lenders.
Mortgage Mergers Wagon Rolling
As mortgage firms shift from organic growth to expansion through strategic acquisitions, some big deals have recently emerged.