United Financial Mortgage Corp., Oak Brook, Ill., has agreed to acquire Mortgage Service America Inc., Lombard, Ill. Terms of the deal were not disclosed.United Financial's president, Joseph Khoshabe, said the addition of MSA will increase his company's average monthly volume by 70%. According to the Mortgage Industry Directory, United Financial had 1997 volume of $230 million. No figures were available for MSA. Leonard J. Giblin, MSA's president, will sign a three-year employment agreement to remain in that position.
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Over one-third of the Wolters Kluwer survey participants believe the next Fed move will be to boost short-term rates, but most expect one cut next year.
July 10 -
The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
July 10 -
The new Mortgage Bankers Association research adds to debate over whether Fannie Mae and Freddie Mac should allow a less costly alternative to the tri-merge.
July 10 -
Wide regional variances appeared in housing-start activity in 2025, when the traditional leading builder markets all saw numbers decline by as much as 15%.
July 10 -
The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
July 10 -
Total application volume fell by over 13.000 units on a month-to-month basis, with declines in purchase and refinance activity, Keefe, Bruyette & Woods said.
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