1st National Bank of Arizona sales up 10 percent from 2005

National Mortgage Professional

Dec 11, 2006

Impac partners with Ellie Mae, to offer loan incentivesMortgagePress.comMortgage loan incentives,brokers Impac Lending Group has partnered with Ellie Mae, to offer incentives on loans made through Ellie Mae's Encompass mortgage loan origination system. Through Ellie Mae's Encompass Specials Loan Incentive Program, Impac will offer participating brokers a 25-basis-point reduction on Impac's 5/25 Option Adjustable Rate Mortgage product, when they originate loans through Encompass. Impac Lending Group is a subsidiary of Impac Mortgage Holdings Inc., a mortgage real estate investment trust based in Newport Beach, Calif. For more information, call (888) 757-1790 or visit www.impaccompanies.com. Dublin, Calif.-based Ellie Mae is a software and services provider for the mortgage industry. For more information, call (877) 355-4362 or visit www.elliemae.com.

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Dec 11, 2006

Wholesale

Finance of America Plans To Sell Retail Unit, Close Wholesale

Company has posted 3 straight quarterly losses, and has reduced its workforce by 20% in 2022.

After three consecutive quarterly losses, Finance of America Companies (FoA) is negotiating to sell its retail mortgage division, while also planning to shut down its wholesale channel. According to a former company official who requested anonymity, Plano, Texas-based FoA h...

Non-QM

Angel Oak Mortgage Shakes Up Leadership

Sreeni Prabhu replaces Robert Williams as CEO and president after two quarters of losses.

Angel Oak Mortgage Inc., after two straight quarters of losses, has new leadership. The company announced Wednesday Sreeni Prabhu has been named CEO and president, effective immediately. He replaces Robert Williams. Angel Oak Mortgage reported in August a net loss of $52.1 ...