AmericasBank, Towson, Md., has reported the acquisition of uvm Mortgage Marketing Inc., a Towson-based mortgage lender.AmericasBank said it will buy certain assets and assume certain liabilities in exchange for an undisclosed amount of cash and stock in AmericasBank Corp., the bank's parent company. Mortgage Marketing will operate as a division of the bank serving the greater Baltimore area, and AmericasBank said the acquisition is expected to more than triple its mortgage banking capacity. Jon Zemarel, Ben Stauffer, and Linda Henritz will join AmericasBank as part of the transaction.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
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