MEM Financial Solutions, a mortgage brokerage based in the Albany suburb of Halfmoon, N.Y., has announced the acquisition of Land Research Solutions Inc., a title company located in Clifton Park, N.Y.The terms of the transaction were not disclosed. MEM Financial said Land Research's Charlotte Freeman and Bonnie Van Alphen have 55 years of combined experience in the mortgage and title industries. Land Research's predecessor company, Integrity Title Co., recorded gross earnings of $801,000 last year, a 78% increase from its earnings in 2003, according to MEM Financial. The company can be found online at http://memfinancialsolutions.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
4h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
8h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
11h ago -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24