Richard Eampietro has been named senior vice president and Western divisional manager of American Mortgage Network, a San Diego-based wholesale mortgage bank serving mortgage brokers.AmNet said he will be responsible for the division's loan production offices in Arizona, California, Colorado, Oregon, and Washington. Before joining AmNet, Mr. Eampietro was national production manager for RBC Mortgage. He was previously executive vice president and national production manager at First Nationwide Mortgage and a vice president of CitiMortgage. AmNet is the mortgage banking subsidiary of American Residential Investment Trust Inc., which can be found on the Web at http://www.amerreit.com.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
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The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
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The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
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The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
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A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
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The Aspire business reported $2.1 billion of lock volume, up 32% from the first quarter, but total production at the REIT fell to $8 billion from $8.5 billion.
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