ImageX Document Solutions introduces digital imaging service

Sep 07, 2006

Thornburg Mortgage acquires Adfitech Inc.MortgagePress.comMortgage quality control, Thornburg, Adfitech Thornburg Mortgage Inc. has acquired Adfitech Inc. from a subsidiary of Centex Corporation. Adfitech will continue to operate as a separate business unit and serve its mortgage lending clients. "This acquisition supports our long-term goal to build a successful mortgage lending operation, by expanding our operation capabilities to include an in-house capability that will support many of our back-office lending operations," said Larry Goldstone, president and chief operating officer of Thornburg. Santa Fe, N.M.-based Thornburg Mortgage Inc. is a single-family residential mortgage lender specializing in the jumbo segment of the adjustable-rate mortgage market. For more information, call (505) 989-1900 or visit www.thornburgmortgage.com. Edmond, Okla.-based Adfitech Inc. is an outsourced quality control services provider. For more information, call (800) 880-0456 or visit www.adfitech.com.

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Sep 07, 2006

Analysis and Data

Mortgage Industry Despairs Over Positive Jobs Report

Leading to 'crushed' expectations of another significant rate cut

The September jobs report came back with flying colors, adding far more jobs than Wall Street economists projected while the unemployment rate ticked down, leading to what can only be called a crushing defeat for mortgage professionals. In response, the average rate for the ...

People On The Move

Pennymac Shakes Up Capital Markets Team

William Chang, Pennymac’s long-time capital markets leader, to "pursue other interests in the mortgage banking industry."

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