Mortgage Forward to acquire First Federal Bank’s TPO division
Mortgage Forward announced Friday that it has agreed to acquire the third-party origination (TPO) division of First Federal Bank, including QRL Financial, in a deal the companies say will expand Mortgage Forward’s national mortgage lending platform and broaden its product offerings. The companies co
Nest Egg Protection Act would raise capital gains tax exclusion for senior home sellers
Rep. Nicole Malliotakis (R-N.Y.) has introduced federal legislation that would temporarily raise the capital gains tax exclusion to $1 million for senior homeowners who sell their longtime primary residences. The move aims to ease tax burdens on older Americans and free up inventory for younger home
Drees Homes bets on operational leadership for next century
[Image (left to right): Scott Drees, Midwest Regional President, Barbara Drees Jones, VP Marketing, David Drees, Chairman, Alexa Drees Walker, Director of Midwest Design Centers. Drawing: Maggie Goldstone] The resonant image of a German immigrant’s handiwork – a brick Cape Cod house built on a shoes
Synergy One to merge with APM; Steve Majerus named president
American Pacific Mortgage (APM) has closed a merger deal to bring Synergy One Lending under its umbrella as a DBA, creating a mortgage production platform with roughly $14 billion in annual volume, the companies announced Friday. The combination of the two California-based lenders aims to scale thei