Spotlight on new programs and products

Nov 14, 2005

Integrity renames itself American Equity MortgageMortgagePress.comIntegrity Mortgage Corporation, American Equity Mortgage Integrity Mortgage Corporation has renamed itself American Equity Mortgage. Affecting the company's seven branches in Ohio, Kentucky and Indiana, the name change is part of American Equity Mortgage's efforts to unify its organization and take advantage of the equity in its national brand. The name change will be supported by significant radio and outdoor advertising in Integrity Mortgage's five markets, which include Cincinnati, Cleveland and Columbus, Ohio; Louisville, Ky.; and Indianapolis. Since acquiring Integrity Mortgage last year, American Equity Mortgage has introduced a number of operational modifications to improve the mortgage banker's level of service. St. Louis-based American Equity Mortgage is a nationwide mortgage banker. For more information, call (314) 878-9999 or visit www.americanequity.com.

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Nov 14, 2005

Regulation and Compliance

Bank Mergers Face Additional Scrutiny By FDIC

FDIC considers small businesses and residential loan originations when evaluating a merger’s competitive effects.

Bank mergers are expected to face increased scrutiny after the Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a Final Statement of Policy (Final SOP) to its Bank Merger Transaction guidelines, finalized on September 17. The board also voted 3-2 i...

Analysis and Data

NAR Reports August Sales Slump, Aligning With Broader Industry Data

August sales dip, but analysts eye year-end comeback with lower rates and rising supply

Although existing-home sales fell again in August, lower mortgage rates and rising supply could propel a resurgence before the year ends. Existing-home sales retreated 2.5% in August to a seasonally adjusted annual rate of 3.86 million, sliding 4.2% from one year ago, th...