Volt Inc., a power provider and marketer of alternative energy and financial services based in Oakhurst, Calif., has announced an agreement to purchase all the outstanding shares of Priority One Mortgage Corp., Milford, Pa., for an undisclosed amount of cash and preferred stock.Volt said Priority One's president, Scott Finley, and his staff would remain in their current capacities. The acquisition would enable the company to expand its financial services business in New Jersey and Pennsylvania "at the same time it is looking at energy and real estate projects in the region," Volt said. The company can be found on the Web at http://www.voltinc.com.
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The private student loan market figures to benefit from Republican-led changes to the much larger federal program. But other consumer lenders could face a fallout as more Americans are forced to reconsider which debt payments to prioritize.
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Recent signals indicate this could be on the horizon and potentially add new value to a Fannie Mae/Freddie Mac stock offering, a Seeking Alpha analyst wrote.
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Three Western states rank most unaffordable compared to income, while those in Midwest and Southern states have more leeway in their budgets for homeownership.
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A Florida appraiser faces decades in prison after taking another's identity and claiming he conducted on-site inspection reports while based abroad.
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Mike Kortas is looking to keep loan officers in the loop through the entire mortgage loan customer lifecycle and beyond, with the launch of evoLend.
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Private residential construction spending rose 0.3% from April and 1.8% from a year ago to a seasonally adjusted annual rate of $930.2 billion in May.
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