National Mortgage News
Encyclopedia
National Mortgage News is a weekly newspaper covering the mortgage
sector in the United States. Its editorial director is Mark Fogarty, and its publisher is Tim Murphy. National Mortgage News is owned by SourceMedia
.
; in September 1987 it had been the first media outlet to break the Keating Five
story. In 1989, it was the first to report on political considerations having delayed the closing of the Neil Bush
-directed Silverado Savings and Loan in Denver.
Subsequently, as thrift instistutions began failing, it changed its name to National Thrift and Mortgage News, and then in 1992 to National Mortgage News. In 1995 Faulkner and Gray, which itself was part of the Thomson Corporation
, acquired National Mortgage News. Stan Strachan remained publisher until his death in early 1997, at which point Tim Murphy, the current publisher took over management of the paper.
After a reorganization in 2000, the paper became part of Thomson Media, which in turn was sold by its parent company to Investcorp
and renamed SourceMedia
.
The paper's target audience is the 350,000-strong US mortgage sector. National Mortgage News has a circulation of about 9,000. About three quarters of subscribers are C-level executives.
Mortgage loan
A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan...
sector in the United States. Its editorial director is Mark Fogarty, and its publisher is Tim Murphy. National Mortgage News is owned by SourceMedia
SourceMedia
SourceMedia is a mid-sized business-to-business media solution company owned by Investcorp. Formerly the Thomson Media division of The Thomson Corporation, SourceMedia was sold by its parent company in 2004....
.
History
National Mortgage Newss predecessor, National Thrift News, was founded in 1976 by Stan Strachan. In 1988 National Thrift News won the Polk Award in Financial Reporting for its coverage of the savings and loan crisisSavings and Loan crisis
The savings and loan crisis of the 1980s and 1990s was the failure of about 747 out of the 3,234 savings and loan associations in the United States...
; in September 1987 it had been the first media outlet to break the Keating Five
Keating Five
The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators – Alan Cranston , Dennis DeConcini, John Glenn , John McCain , and Donald W. Riegle,...
story. In 1989, it was the first to report on political considerations having delayed the closing of the Neil Bush
Neil Bush
Neil Mallon Bush is the fourth of six children of former President George Herbert Walker Bush and Barbara Bush . His five siblings are George Walker Bush, the former President of the United States; Jeb Bush, the former governor of Florida; Robin Bush, who died of leukemia in 1953 at the age of...
-directed Silverado Savings and Loan in Denver.
Subsequently, as thrift instistutions began failing, it changed its name to National Thrift and Mortgage News, and then in 1992 to National Mortgage News. In 1995 Faulkner and Gray, which itself was part of the Thomson Corporation
Thomson Corporation
The Thomson Corporation was one of the world's largest information companies.Thomson was active in financial services, healthcare sectors, law, science & technology research, and tax & accounting sectors...
, acquired National Mortgage News. Stan Strachan remained publisher until his death in early 1997, at which point Tim Murphy, the current publisher took over management of the paper.
After a reorganization in 2000, the paper became part of Thomson Media, which in turn was sold by its parent company to Investcorp
Investcorp
Investcorp is a manager of alternative investment products, serving high-net-worth private and institutional clients. Its principal client base is in the six countries of the Gulf Co-operation Council, but it also has institutional clients in North America and Europe...
and renamed SourceMedia
SourceMedia
SourceMedia is a mid-sized business-to-business media solution company owned by Investcorp. Formerly the Thomson Media division of The Thomson Corporation, SourceMedia was sold by its parent company in 2004....
.
The paper's target audience is the 350,000-strong US mortgage sector. National Mortgage News has a circulation of about 9,000. About three quarters of subscribers are C-level executives.
Editorial
- Mark Fogarty, Editorial Director, Associate Publisher
- Paul Muolo, M&A/Data Editor, Associate Publisher
- Brad Finkelstein, Managing Editor
- Bonnie Sinnock, Managing Editor
- Andras Malatinszky, Director of Online Products
Sales
- Steve Schloss, Northeast Sales Representative
- John Cahill, Southeast Sales Representative
- Mark Majors, Western Sales Representative