American Mortgage News

CHICAGO--(BUSINESS WIRE)--Umbrella Bancorp, Inc., (the “Company”) (Pink Sheets:UMBR) announced today that its wholly owned subsidiary, Umbrella Mortgage Inc., (the “Mortgage Company”), has opened for business to originate mortgage loans in Illinois and Colorado.

HORSESHOE BAY, Texas--(BUSINESS WIRE)--Mortgage Banking Services Direct (MBSD), a management consulting company specializing in the areas of mortgage banking, warehouse lines of credit, mortgage broker licensing and technology for the lending industry, announces Kenney Hayes as the company’s new chief operating officer.

Company Reports an Increase in Third Quarter Loan Originations; Conference Call Scheduled for Today at 11:30 Pacific Time

LOS ANGELES--(BUSINESS WIRE)--TMSF Holdings, Inc. (OTCBB:TMFZ), today announced results of operations for its fiscal year 2006 third quarter, ended September 30, 2006.

DALLAS--(BUSINESS WIRE)--H-Cube, a leading provider of business process outsourcing and related services, is pleased to announce that John C. (Jack) Freker has joined the company as President and Chief Operating Officer and will be responsible for worldwide operations and business development.

COSTA MESA, Calif.--(BUSINESS WIRE)--ditech.com® (http://www.ditech.com), a leading direct mortgage lender, has re-launched its Web site to further enhance the experience of consumers who come to ditech.com seeking first mortgages, home equity loans and home equity lines of credit. Changes to the Web site’s design and function have been made to simplify and shorten the time and effort required to obtain information on getting a mortgage. These changes were made as a result of a detailed and extensive consumer study commissioned by ditech.com in 2005.

NEW YORK--(BUSINESS WIRE)--Anthracite Capital, Inc. (NYSE: AHR) (“Anthracite” or the “Company”) today announced the pricing of €263.5 million of non-recourse debt offered by Anthracite Euro CRE CDO 2006-1 P.L.C. (the “CDO”). The debt will be secured by a portfolio of European commercial mortgage-backed securities (“CMBS”) and subordinated commercial real estate loans. This debt will be privately placed, and a subsidiary of the Company will receive 100% of the subordinated notes issued by the CDO. A portion of the proceeds will be used to pay down debt in three of the Company's secured financing facilities. The transaction is expected to close on December 14, 2006.