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.
California Bank Fails
A small bank in the Palm Springs, Calif., area was seized by a federal banking regulator and shut down. A significant share of the bank's net worth was tied up in home loans.
Explosive Growth at Freedom Likely to Continue
Mortgage production, servicing and staffing have been expanding at a robust pace at Freedom Mortgage Corp., and the trend is likely to continue with a new acquisition.
117-Yr-Old Chicago Bank Fails
A Chicago bank with nearly $1 billion in assets that was more than a century old has been shut down.
134-Year-Old Bank, Correspondent Lender Done
Among several mortgage-related businesses to recently call it quits was a bank that was 134 years old, three credit unions and a correspondent lender.
Canadian AMC Acquires US AMC
An appraisal management company out of Canada has taken an interest in an AMC in the United States with plans for a major American expansion.
Low Income Groups Try to Block OneWest Sale
An acquisition of the company formerly known as IndyMac Bank FSB is being challenged by low-income groups that say the bank only caters to the 1 percent.