Commonwealth Bankshares Inc., Norfolk, Va., has reported the acquisition of Community Home Mortgage of Virginia Inc., Richmond, Va., for an undisclosed amount.Community Home, which is now a wholly owned subsidiary of the Bank of the Commonwealth, is a mortgage brokerage firm that originates, processes, and sells residential mortgages on a servicing-released basis throughout Virginia and Maryland, Commonwealth Bankshares said. Commonwealth Bankshares, the holding company for Bank of the Commonwealth, can be found on the Web at http://www.bankofthecommonwealth.com.
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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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