American Money Network LLC, a San Francisco-based Internet mortgage lead aggregator that manages LoanHounds.com, has announced that it is seeking a strategic partner to expand its business.The four-year-old company said it is seeking a partner with national licensing or Web traffic because, as a small private company, it is limited in its ability "to secure sizable Web media contracts with the major portals." AMN said it manages multiple online mortgage domains, including LoanHounds.com, and has a network of more than 60 national and regional networks. "We have the confidence of lenders and consumers," said the company's David Rosen. "Now we just need to find a partner who'll help us become a Tier 1 player." LoanHounds can be found online at http://www.loanhounds.com.
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Kevin Warsh's nomination to be the next chair of the Federal Reserve passed through the Senate Banking committee in a party-line vote.
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Using a non-GAAP measurement, the real estate investment trust, preparing to be bought by CrossCountry, reported a $25 million loss for the first quarter.
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The government-sponsored enterprise recorded $98.7 billion in single-family loan acquisitions to begin the year, including over $43 billion in refinances.
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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.
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Brian Hale, CEO of Mortgage Advisory Partners, warns of overcapacity, rising rates and AI-driven disruption forcing consolidation across the lending industry.
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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.
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