MIT Lending, the New York City-based wholesale and correspondent lending division of MortgageIT Inc., has announced the recent opening of five new branch offices in California, Washington, and Florida.MIT Lending said the new offices in Seattle, San Diego, and Woodland Hills, Calif., will be overseen by R. J. Arnett and Sharon Bitz, both senior vice presidents of the company's Western region. Its new Florida offices, in Jacksonville and Tampa, will be managed by Shelley Fadida, a Southeast regional vice president with MIT Lending. The company said it plans to open eight more branch offices by 2005. MIT Lending can be found online at http://www.mitlending.com.
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Private residential construction spending rose 0.3% from April and 1.8% from a year ago to a seasonally adjusted annual rate of $930.2 billion in May.
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Artificial intelligence is fueling litigation risks, from consumer lawsuits against servicers, to more repurchase requests, and vulnerabilities through vendors.
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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.
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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.
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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.
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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.
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