New American Acquires Marketplace Home Mortgage

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New American Funding has acquired Marketplace Home Mortgage, a regional lender that does business in 15 states. "Becoming part of New american funding accelerates the growth plans we put into place several years ago," said Keith White, president of Marketplace Home Mortgage.

NEW YORK–(BUSINESS WIRE)–American Mortgage. in the marketplace,” said JCIII founder and CEO John Childers. “The new, combined entity offers a team of experts and suite of due diligence services.

New American Funding Grows With The Acquisition Of . Themortgagestory.com New American Funding announced the acquisition of Marketplace Home Mortgage yesterday with hopes to help expand its reach. With Marketplace Home Mortgage ranked 264th in the U.S. in terms of performance the acquisition could likely help New American Funding move up from its spot at 30.

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 · New American Funding has acquired minnesota-based marketplace home Mortgage, the companies announced. Terms of the deal were not disclosed. New American said the acquisition will strengthen its market presence nationwide and specifically in the Minnesota area, as well as add more than $1 billion in mortgage production next year.

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A bankruptcy judge has approved a settlement that gives American Home Mortgage Holdings Inc. just $5.5 million from a $55 million escrow account tied to the bankrupt mortgage company’s 2006.

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