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.
Top-10 HECM Lender Calling It Quits
A company that is among the 10 largest producers of government-insured reverse mortgages has disclosed plans to exit originations.
OC Man Charged With Warehouse Lending Fraud
Charges have been handed down by a federal grand jury against an Orange County, Calif., man who allegedly duped his warehouse lender.
FDIC Sues Frmr CEO, Directors of Failed $1 Bil Bank
A new lawsuit filed against Bank of the Commonwealth's former chief executive officer, chairman and board members seeks at least $11 million in damages.
Mortgage Firm With Several M&As Being Acquired
A mortgage company that has completed five mergers and acquisitions over the past seven years is now, itself, the target of an acquisition.
Merger Creating a New Top-20 Mortgage Lender
The upcoming merger of two independent lenders will create a mortgage banker that would have ranked among the 20-biggest originators last year.
New Penn Acquisition Builds Purchase Business
A bigger market share influenced New Penn Financial LLC's decision to make an acquisition of a mortgage firm with a network of referral sources for home purchases.
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