American Mortgage Network, a wholesale mortgage bank serving mortgage brokers nationwide out of San Diego, has launched IBM's eServer iSeries server to add capacity and flexibility for its mortgage broker customers."With the iSeries platform, we have made a substantial investment to help increase efficiency, speed, and reliability," said Randall Myres, AmNet's senior vice president and chief information officer. "We now have virtually unlimited scalability to handle more loan volume as we open new branches and expand existing locations." IBM's eServer iSeries product family is an integrated, flexible server that is used for information technology consolidation and running mission-critical electronic business applications. The iSeries servers can simultaneously run multiple operating systems (OS/400, Microsoft Windows, and Linux) and applications all in one centrally managed server, according to IBM. AmNet can be found on the Web at http://www.amnetmortgage.com, and IBM can be found at http://www.ibm.com.
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Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Economic uncertainty and higher rates in May contributed to the second decline in applications for new homes on an annual basis, reversing March gains
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