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Bank of Manhattan Announces Sale of Mortgage Business

Manhattan Bancorp and Bank of Manhattan, N.A. today announced the signing of an asset purchase agreement with Wilshire Bancorp, Inc. in which Wilshire will acquire certain assets and assume certain liabilities of Bank of Manhattan’s Mortgage Lending Division.

Self-employed? Here's how to get a mortgage

Borrowers typically have to provide two years' worth of tax returns, which often don't accurately reflect the take-home pay of self-employed people. “How we qualify self-employed doesn't always agree with how the IRS says you can run your business legally,” says Pava Leyrer, training and development manager at Northern Mortgage Services in Grand Rapids, Michigan. Self-employed people can take …

Mortgage-Data Provider Black Knight Files for IPO

Black Knight Financial Services Inc., a mortgage-technology company formed from businesses previously owned by Lender Processing Services Inc., filed for a $100 million initial public offering.