American Residential Investment Trust Inc. and its American Mortgage Network subsidiary have launched a subprime initiative."The program will be piloted in four regional centers this month and is expected to roll out across the country in the summer of 2004," said the company, which operates a national wholesale mortgage bank. American Residential can be found online at http://www.amerreit.com and American Mortgage Network can be found at http://www.amnetmortgage.com.
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.
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.
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.
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.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
