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National industry appointments update - 2/6/2007

National Mortgage Professional
Feb 06, 2007

Transnational to acquire AMC MortgageMortgagePress.comMortgage banking acquisitions Transnational Financial Network Inc. (TFNI) has executed a letter of intent to acquire AMC Mortgage for up to one million shares of TFNI common stock when the earn-out provision is achieved. AMC currently generates in excess of $130 million in annual mortgage originations and will continue to be managed by its current principal owner, Darryl Crawford, after the acquisition is completed. San Francisco-based TNFI is a wholesale and retail mortgage banking firm. For more information, call (888) 229-2344 or visit www.transnational.com. AMC Mortgage is a mortgage banking company based in Austin, Texas. For more information, call (800) 806-5999 or visit www.mortgagefinancer.com.
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