Olympus Mortgage Co., a wholesale lender based in Orange, Calif., has announced a merger of its operations with those of Argent Mortgage Co., the wholesale unit of Orange-based Ameriquest Capital Corp.The terms of the deal were not disclosed, and further details were not available at MortgageWire's deadline. The companies can be found on the Web at http://www.olympusmortgage.net and http://www.argentmortgage.com.
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.
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.
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.
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.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
