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.
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Lenders and condo market stakeholders are raising concerns that new GSE rules ending limited reviews and tightening reserve requirements could raise costs and limit access.
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Stakeholders rely on detailed, easy-to-read reports. From including cited data to using a structured format, learn how to simplify the lending reports process.
March 25 -
The national delinquency rate ticked up seven basis points to 3.72% last month, coupled with a 10-basis-point increase in prepayment speed, according to ICE.
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The title policy and settlement statement datasets introduce digital standards that will allow the information on forms to move as data instead of documents.
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What was once a bipartisan and broadly popular housing bill has been weighed down with a pair of provisions that banks can't support. Even with those headwinds, the bill is more likely than not to pass, but not without drawn-out negotiations between the House and Senate.
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Federal Reserve Gov. Michael Barr said in a speech Tuesday afternoon that he wants to see a durable and reliable reduction in consumer price inflation before he considers cutting the central bank's interest rates.
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