The New York Mortgage Co. LLC, New York, has announced the addition of 10 new branch offices as part of an assumption agreement with SIB Mortgage Corp.The expansion extends NYMC's retail operations into Indiana, Maryland, Michigan, New Hampshire, and Virginia for the first time and raises the number of branch offices in the New York metro region to 12, the company said. SIB Mortgage was a subsidiary of Staten Island Bancorp before the latter was acquired by Independence Community Bank. NYMC is a residential mortgage banking firm serving as both a direct lender and a mortgage brokerage. It is authorized to do business in 38 states, and plans are under way for additional expansion. The company can be found online at http://www.nymc.com.
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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.
July 3 -
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.
July 2 -
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.
July 2 -
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.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









