Mortgage Network Inc., Danvers, Mass., has announced plans to expand its wholesale operations in North Carolina, South Carolina, Tennessee, Georgia, and Alabama. The company also announced the hiring of mortgage veteran Thomas Palmer as its national wholesale manager. Mr. Palmer was most recently senior vice president and channel executive for correspondent lending at Bank of America Securities. He was previously senior vice president and channel director for correspondent national sales at Washington Mutual/Fleet Mortgage. Mortgage Network said it has opened eight new offices in the past 12 months and increased its staff by over 33%. The company can be found on the Web at http://www.mortgagenetwork.com.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
10h ago -
Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
11h ago -
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
August 11 -
The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
August 11 -
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
August 11 -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
August 11









