Bankrate Inc., New York, has announced an agreement to acquire three websites from East West Mortgage Inc. for $4.4 million in cash.The websites are Mortgage-calc.com, Mortgagecalc.com, and Mortgagemath.com. "We intend to leverage the consumer traffic generated by these websites into the Bankrate.com offering within the next week," said Thomas R. Evans, president and chief executive officer of Bankrate Inc. Bankrate can be found on the Web at http://www.bankrate.com.
Check out the next set of names in the 28th edition of National Mortgage News' Top Producers survey, including on how they approach purchase business.
Brian Hale, CEO of Mortgage Advisory Partners, warns of overcapacity, rising rates and AI-driven disruption forcing consolidation across the lending industry.
CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.
The former Wall Street player blamed its decline on rising interest rates, trouble at its lending subsidiary, and debt stemming from the Great Financial Crisis.
The Federal Open Market Committee's April meeting — likely Federal Reserve Chair Jerome Powell's last — is unanimously expected to keep interest rates steady, but questions about energy, inflation and the upcoming transition in leadership still loom.
Jonathan Corr, the former CEO of Ellie Mae, is one of six new members of MeridianLink's board, added following its acquisition by Centerbridge Partners.