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News, Page 37

Higher rates lead to drop in mortgage applications

It didn't take much to stem the miniboom in mortgage refinancing. Slightly higher interest rates brought total loan application volume down 9 percent last week, according to the Mortgage Bankers Association …

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.