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Since 2020, Gallo has been the top loan officer in New Jersey based on sales volume, according to Scotsman Guide, a national publication about the mortgage industry. From 2021 through 2022, he was ...
The company was sold to First Union Corp. of Charlotte, N.C., for $2.1 billion in June 1998. First Union, preparing for the Wachovia merger, split The Money Store into four divisions, transferred First Union's bad home equity loans into The Money Store's home equity division, and two years later took a loss provision of $1.7 billion to shut ...
The New Jersey Division of Consumer Affairs (DCA) is a governmental agency in the U.S. state of New Jersey that is responsible for protecting the public "from fraud, deceit and misrepresentation in the sale of goods and services." The DCA operates within the New Jersey Department of Law and Public Safety in the office of the New Jersey Attorney ...
In 2014 Homebridge funded $6.36 billion in home mortgage loans, [7] and nearly $12 billion in its servicing portfolio. [8] The company increased its funded home loans 36% in 2015 to $8.7 billion. [9] Also in 2014, the company was ranked number ten on Mortgage Executive magazine's list of the "Top 100 Mortgage Companies in America". [10]
In 1960, the company entered the British market. In 1961, the company purchased Western Auto Supply Co., and in 1965 purchased Spiegel, Inc [3] (later sold in 1981). [4] In 1970, the company changed its name to Beneficial Corporation. In 1976, Beneficial began offering credit cards through its People's Bank & Trust Co. subsidiary in Delaware.
Ameriquest was founded in 1979 by Roland Arnall, in Orange County, California, as a savings and loan association, or thrift, called Long Beach Savings & Loan.After moving to Long Beach, California and being converted to a pure mortgage lender in 1994, the company was renamed Long Beach Mortgage Co.
The Fair Foreclosure Act (FFA), N.J.S.A §§ 2A:50-53 to 2A:50-73, is a state law that protects residential mortgage debtors and establishes a uniform statutory framework under which courts can more clearly identify the rights and remedies of the parties involved in foreclosure proceedings throughout New Jersey. [1]
American Home Mortgage Investment Corporation was the 10th largest retail mortgage lender in the United States and was structured as a real estate investment trust (REIT).. In 2007, it filed for bankruptcy and was liquidated.