Success Financial Services Group Inc., Tampa, Fla., has announced the acquisition of Seminole Funding Inc., a privately owned mortgage company based in Seminole, Fla.The terms of the deal were not disclosed. Seminole is a Florida-licensed correspondent lender. Success Financial is a holding company whose subsidiaries include SIG Mortgage Co. of Florida, which finances real estate transactions and buys and sells mortgages in the secondary market. Seminole can be found on the Web at http://seminolefunding.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.
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