Real Estate Services Giant Being Acquired
A title insurance giant that has been a fixture on the American real estate landscape since the 1800s has agreed to be acquired by a larger peer.
Mortgage Subservicer Hiring Hundreds in Missouri
A company that subservices residential loans has opened a new office in Missouri and plans to add hundreds of new employees by the end of this year.
Wells Fargo CEO Compensation Jumps 35%
In his first year in the role, Wells Fargo & Co.'s chief executive officer saw his total compensation rise more than 35 percent -- earning him nearly 300 times the firm's median compensation.
Management Shakeup As Impac Swings to Loss
Earnings swung to a loss at Impac Mortgage Holdings Inc., and the company's chief is out. Retail lending led a plunge in originations even as non-QM business soared.
Report Warns About Non-Bank Mortgage Firms
A warning siren has been sounded about the risk from the growth in market share of non-bank mortgage originators and servicers.
Former Stearns CEO Named Mortgage Chief at Builder
The former chief executive officer at Stearns Lending LLC has joined a home builder and will oversee two joint mortgage ventures as well as develop new business lines.
Nationstar Mortgage Originations Holding Up
Quarterly loan originations are holding up at Nationstar Mortgage Holdings Inc., and signs point to more of the same. Servicing, however, was down.
Retail, Reverse Overcome Lending Slump at Ocwen
Total mortgage originations weakened last year at Ocwen Financial Corp. But retail lending and reverse mortgage production both significantly increased. Also improving was delinquency.Quarterly earnings were hurt by legal expenses.
Another Auditor Settles Over Taylor Bean Fraud
A second financial auditing firm has reached a settlement that is tied to the failure of Taylor, Bean & Whitaker Mortgage Corp.
PHH Mortgage Production Sinks, Servicing Down
Quarterly home-lending activity at PHH Mortgage tumbled, while the servicing portfolio has been cut to just a fraction of its year-earlier size. Good news is that losses were slashed.