TITLE

US braces for a correction

AUTHOR(S)
Muolo, Paul
PUB. DATE
November 2006
SOURCE
Mortgage Strategy;11/27/2006, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the ABN Amro Mortgage Group Inc. which declined to comment on the rumors and speculation which state that the wholesale lender is planning to sell its US mortgage division. The industry is bracing itself for a correction that could result in several lenders leaving the business either through mergers and acquisitions or failure. ABN's wholesale unit has been aggressively bidding on bulk servicing portfolios (mortgage receivables) and that could suggest that it is not planning on leaving the US mortgage business.
ACCESSION #
23272560

 

Related Articles

  • Decision One Marketing Exec Plans to Network at Show.  // National Mortgage News;10/12/2005, Vol. 30 Issue 3, p31 

    Reports on the participation of ABN Amro Mortgage Group Inc. at the 92nd MBA annual in Orlando, Florida. List of representatives who are planning to attend the meeting; Programs and activities; Number of other lenders who also plan to participate in the conference.

  • Freddie: More Share From Top 4 Sources. Shenn, Jody // American Banker;6/15/2005, Vol. 170 Issue 114, p10 

    Reports that despite ongoing efforts to diversify its customer base, Freddie Mac's relationships with its biggest seller services gained in importance in 2004, when the top four single-family lenders accounted for nearly two thirds of its mortgage purchases. Observation that Freddie Mac's top...

  • How ABN Amro Plans to Boost Originations. Bergquist, Erick // American Banker;9/22/2003, Vol. 168 Issue 182, p1 

    ABN Amro Mortgage Group Inc. is looking to take on a bit more credit risk as a means of boosting market share and originations. Stanley Rhodes, the lender's president, said its plans include entering the alternative-A segment in a big way. The Ann Arbor, Michigan, company also intends to press...

  • In Brief.  // American Banker;10/11/1999, Vol. 164 Issue 195, p48 

    Cites developments pertaining to the United States financial services industry, as of October 11, 1999. Includes Mortgage.com's intention to cancel an agreement to provide conforming loan technology for Intuit's QuickenMortgage Web site; Agreement of FT Mortgage Cos. to acquire Elliot Ames...

  • ABN Amro Picks ComplianceEase. Kersnar, Scott // National Mortgage News;8/15/2005, Vol. 29 Issue 46, p2 

    Announces that ABN Amro Mortgage Group has chosen ComplianceEase enterprise system to automate compliance with state and federal lending regulations, manage operational risk and reduce compliance costs.

  • Survey Finds Borrowers Like Website.  // National Mortgage News;11/1/2004, Vol. 29 Issue 8, p32 

    Presents a survey showing customer satisfaction with the Web site of ABN Amro Mortgage Group Inc. Percentage of customers ho had mortgage loan originated or services by the company; Delivery of products and services through the Web site; Improvements in customer service and satisfaction.

  • Mortgage.com Powers Another Website. Faucett, James // National Mortgage News;09/25/2000, Vol. 25 Issue 1, p8 

    Reports on Mortgage.com's agreement to power CentricFinancial.com, Centric Financial LLC's financial services Web site. Range of products and services offered by the site to financial planners and their clients; Technology provided by Mortgage.com to the site.

  • Mortgage.com Is Shutting Down. Kersnar, Scott // National Mortgage News;11/06/2000, Vol. 25 Issue 8, p1 

    Announces that mortgage loan provider Mortgage.Com has laid off 518 employees and is winding down operations and selling its assets. Failure to raise needed capital; Message appearing in the Web page for site visitors; Aim of conducting an orderly wind-down of mortgage lending operations;...

  • Interfirst Names Regional Manager. Bergquist, Erick // American Banker;6/4/2003, Vol. 168 Issue 106, p7 

    Interfirst Wholesale Mortgage, a unit of ABN Amro Mortgage Group Inc. of Ann Arbor, Michigan has promoted James Lamparter to group manager of its new Southwest division. He had been vice president and regional manager of the company's western sales group. He joined ABN Amro in 1994, and has been...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics