On Monday National Mortgage News reported in its paper edition that mortgage banker Claude Arnall -- brother of late Ameriquest founder Roland Arnall -- has launched a new mortgage company in Irvine with the help of former senior managers at Deutsche Bank, First NLC, and Washington Mutual. Of course, he isn't the only former mortgage executive stepping back into the ring. (Sort of reminds me of Sylvester Stallone and all those 'Rocky' movies.) Anyway, supposedly Arnall's firm is focusing on FHA loans. Meanwhile M&A advisors tell me that profit margins on lending -- especially FHA -- are the strongest they've been in years...
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