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 press release. Fidelity Title Mexico has "an unparalleled direct sales effort in Mexico," Arroyuelo said, and will capitalize on Fidelity’s existing U.S. sales network. Luis Unikel, a real estate attorney and former risk manager at GE Real Estate, has been named vice president and chief underwriter.

Sotheby’s network expands in Washington
Sotheby’s International Realty Affiliates LLC today announced that Island Group Sotheby’s International Realty in Friday Harbor, Wash., is the newest member of its luxury real estate network. The new company was formed by a merger of RE/MAX San Juan Island and Friday Harbor Realty. Island Group Sotheby’s International Realty is located at 50 Spring St., Friday Harbor, Wash., 98250, and can be reached at (360) 378-2151. The company has 19 sales associates that service the San Juan Islands and upper Puget Sound regions. Island Group Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global Web site.

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