Homestead Funding Corp., Albany, N.Y., and First Niagara, Lockport, N.Y., have announced an affiliation under which Homestead will operate in New York state under the name First Niagara Mortgage.First Niagara acquired a minority ownership in Homestead with its Jan. 14 purchase of Hudson River Bank & Trust. Under the First Niagara Mortgage name, Homestead will provide mortgage services to the markets served by all 68 First Niagara branches in eastern New York, the companies said. Mortgage loan origination staff from both Hudson River and First Niagara will join Homestead Funding. The companies can be found online at http://www.homesteadfundingcorp.com and http://www.firstniagaramortgage.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.
July 2









