Industry News

Prospect Mortgage buying up IndyMac branches

Real estate roundup

Prospect Mortgage set to acquire IndyMac branches Aug. 7 Prospect Mortgage says it's moving forward with plans to acquire up to 80 retail mortgage branches from IndyMac Bancorp and hire at least 750 IndyMac employees by Aug. 7. The Federal Deposit Insurance Corp.'s (FDIC) conservatorship of IndyMac Bank will not terminate the acquisition or the branches' operation, Prospect said. The IndyMac branches included in the acquisition are funding loans in process and originating new loans, and will remain open for business through the closing, the company said. Fidelity launches Fidelity Title Mexico Fidelity National Financial Inc. has a opened a title insurance operation in Mexico City, Fidelity National Title de Mexico S.A. de C.V., or "Fidelity Title Mexico." Vice President and General Manager Juan Pablo Arroyuelo and Vice President and Chief Financial Officer Gerardo Martinez are "recognized experts on Mexican title insurance," Fidelity said in a p...