La. Mortgage Firm's Staff Up 73% Since Jan 2015
As Eustis Mortgage expands its brands by creating new subsidiaries, it has grown its staffing by more than 70 percent since last year.
Mortgage CMOs, GSE Director Appointed
Recent executive movement in the home-lending industry includes a director appointment at a government-sponsored enterprise and two people who have been hired as chief marketing officers.
Nationstar Unit Closing
A company created three years ago as a joint venture between Nationstar Mortgage LLC and a home builder is in the process of winding down.
PNC Agrees to Settle 2nd Mortgage Class Action
The PNC Financial Services Group Inc. has agreed to settle a class-action lawsuit alleging excessive fees and illegal kickbacks on second mortgages.
Mortgage Executives Recruited, Promoted
Executives have been appointed to a variety of management roles at mortgage companies including a subsidiary of Walter Investment Management Corp.
Chase Appoints 3 Mortgage Executives
A trio of mortgage executives has been promoted at New York-based JPMorgan Chase & Co. The appointments are in consumer, retail and correspondent lending.
Appraisal Integrations and Acquisitions
Appraisal service providers have been enhancing their offerings through integrations, though at least two have turned to acquisitions to improve options for their lender clients.
Several Mid-Level Mortgage Managers Appointed
Recent appointments in real estate finance include a pair of regional managers, a production manager and a consumer-direct executive.
MSRs Eat Into Mortgage Servicer Earnings
An escalation in prepayment volume pushed up quarterly losses from mortgage servicing rights activity and drove earnings at the mortgage servicers deeper into the red.
Mortgage Production Profits Up on Employee Expense
As quarterly loan originations increased, independent mortgage bankers cut their per-loan employee expenses and doubled the bottom line.