First Federal Savings and Loan Association of Rochester, N.Y., has
The deal will place First Federal among the 50 largest mortgage
Thomas N. Borshoff, chairman and CEO of First Federal, said the purchase
A letter of intent had been signed late last year.
Steven B. Ashley, chairman of Sibley, will join First Federal's board of
Mr. Ashley, who was president of the Mortgage Bankers Association last
Sibley has a $1.6 billion mortgage servicing portfolio. It has
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The Federal Home Loan Mortgage Corp. reported that the 30-year mortgage
That was up slightly from the previous week's average of 8.24%. A year
The average rate for one-year, Treasury-indexed, adjustable-rate
The average rate for 15-year, fixed-rate mortgages, a popular
Robert Van Order, chief economist at Freddie Mac, said last week's
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Neighborhood Reinvestment Corp., Washington, said it had named Donald R.
Mr. Phoenix will supervise the nonprofit group's operations in Georgia,
Previously, he had worked for Great Southern Federal Savings Bank and