American Equity Mortgage, St. Louis, has announced the acquisition of Integrity Mortgage Corp., Columbus, Ohio, for an undisclosed amount.Integrity Mortgage will continue to operate under its current name. It was founded in 1992 by Mike Vinson, brother of American Equity's founder, Ray Vinson. Deanna Daughhetee Vinson, American Equity's chief executive officer, said Integrity Mortgage is "a perfect geographic fit for us and allows us to fill in several key markets in the Midwest." The combined entity will close loans in 20 states and have an annual loan volume of about $2.5 billion, the companies said. Integrity Mortgage can be found on the Web at http://www.integritymortgage.com.
-
Government officials confirmed the California Democrat is under scrutiny over a long-held Maryland property he designated as a second home in 2020.
2h ago -
Credit availability declined in June as the job market and rising delinquency figures have some lenders concerned, the leading mortgage trade group said.
3h ago -
The Ocean State is the latest to enact rules prohibiting the agreements that end up tying older homeowners to long-term contracts with real estate brokers.
3h ago -
CEO Robin Vince refused to comment on "rumors or speculation" about a potential merger between the custody banking giant and its smaller rival, Northern Trust. He also said that the bar for BNY to engage in M&A is "very high."
4h ago -
House Financial Services Committee Chairman French Hill promised to begin combing through Dodd-Frank to find areas for deregulation, while the panel's ranking member made it clear that Democrats would fight for the Consumer Financial Protection Bureau.
5h ago -
Gain on sale at JPMorgan Chase fell by 5 basis points in the second quarter, which could be a slightly adverse sign for mortgage banker results, KBW said.
6h ago