Skip to main content

Schwartz among the “Top Women in Florida Commercial Real Estate 2006”

National Mortgage Professional
Sep 07, 2006

American Home Mortgage to purchase Flower BankMortgagePress.comFlower Bank, American Home Mortgage, mergers and acquisitions American Home Mortgage Investment Corporation has entered into an agreement to purchase Flower Bank FSB from Umbrella Bancorp Inc. The purchase is subject to regulatory approval. American Home plans to purchase the single-office operation, which was estimated on June 30 to be worth $43.7 million in total assets, in order to gain a franchise through which it can offer its banking products to the general public. Once purchased, American Home plans to operate Flower Bank as a standalone unit, rather than assimilating it. Melville, N.Y.-based American Home Mortgage Investment Corporation is a mortgage real estate investment trust. For more information, call (877) 304-3100 or visit www.americanhm.com. Chicago-based Flower Bank FSB is a subsidiary of Umbrella Bancorp Inc. For more information, call (312) 706-0700 or visit www.flowerbank.com.
Published
Sep 07, 2006
Finance of America To Acquire Assets of AAG

The transaction is expected to close in the first half of 2023.

Industry News
Dec 07, 2022
Fairway Offers Down Payment Assistance To Some First-Time Buyers

The Fairway Community Access program is limited to specific majority-minority communities.

Industry News
Dec 07, 2022
RMF: Payments Going Out In The Next 24 Hours

Company filed for Chapter 11 bankruptcy last week.

Industry News
Dec 06, 2022
Bankruptcy Court Approves RMF Requests

Payments to reverse mortgage borrowers to resume.

Industry News
Dec 05, 2022
Redfin Adds Zoning Data For More Than 70M Homes

Real estate brokerage teamed with Zoneomics to educate buyers on zoning implications.

Industry News
Dec 05, 2022
Guild Mortgage Acquires Inlanta Mortgage

Guild CEO says acquisition is part of broader plans to expand nationwide.

Industry News
Dec 02, 2022