Mortgage Network Buys American Eagle Mortgage

Published October 21, 2009, 1:00 p.m. EDT

1 Min Read

New England-based mortgage banker Mortgage Network Inc. has acquired Pennsylvania loan broker American Eagle Mortgage, which has been serving the Lansdowne and Whitehall areas of the state. American Eagle's former owner, Dan Murphy, plans to serve as branch manager for the locations. According to Mortgage Network, his team of about 20 loan officers also will remain intact and continue to operate in the same locations with the support of Pittsburgh and Lancaster Mortgage Network offices.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM NATIONAL MORTGAGE NEWS

RMBS

Mortgages to well-heeled self-employed back $1.5 billion in RMBS from Verus

Non-qualified mortgages account for 23.1% of the series 2026-7 pool, by balance, and 43.4% of the loans in the pool were made to investors for business purposes and are exempt from the Ability-to-Repay rules.

By Donna M. Mitchell
Editor

September 23
Servicing

Sharma's promotion at Sagent sets up next phase for Dara

Besides promoting Sridhar Sharma to CEO from president, the company named Andrew Bon Salle, ex-Fannie exec, as its new chairman, both replacing Chris Marshall.

By Brad Finkelstein
Originations Editor

September 23
Risk-based capital

Proposed bank capital rules could deepen private credit ties

Several proposed updates, including lower risk-weight floors for certain securitizations and corporate loans, could make it more attractive for banks to finance or hold certain private credit-related assets, experts say.

By Maria Volkova
Reporter

September 23
Federal Reserve

Fed's Barr: 'Further policy adjustments are likely'

Federal Reserve Gov. Michael Barr appears to be among the majority of monetary policymakers who foresee at least one more rate hike before the end of the year.

By Kyle Campbell
Staff writer

September 23
Artificial Intelligence

AI deal roundup: 12+ partnerships lenders must track

Attom expanded its artificial intelligence platform, eLend partnered with Ready4Remodel to increase renovation financing and Keller Williams teamed up with Rejig.ai.

By Colin McNamara
Reporter

September 23
Law and legal issues

Consumers fuel HEI scrutiny with yet another class action suit

Several lawsuits filed this year have painted the shared appreciation agreements as misleading, and suggest they should be treated as mortgage loans.

By Andrew Martinez
Reporter

September 23

Load More