National MI Names New CEO
The founding chief executive officer of National Mortgage Insurance Corp.'s parent is being replaced by another senior executive who has also been on board since the beginning.
CashCall Owner Operates Another Similar Firm
The owner of a California lender that was sued by the Consumer Financial Protection Bureau runs another similar firm that operates the same way.
New President at Freddie Mac, CEO Leaving
In addition to disclosing that it has appointed a new president, the Federal Home Loan Mortgage Corp. has revealed that its current chief executive officer will be leaving. The domino effect impacts its multifamily business.
Quicken, UWM Parent Claim Bad Reporting by Other
A dispute that started out with disparaging flyers handed out by employees of United Wholesale Mortgage's parent about Quicken Loans Inc. has escalated into accusations of false reporting by both firms.
St. Louis Mortgage Firm Goes Bust
A residential lender out of St. Louis that was at the center of a bitter divorce has ended operations and could be forced out of receivership.
Mortgage Servicer Efficiency Increases
Efficiency at the nation's independent mortgage servicing organizations has improved. Servicer earnings moved higher from a year previous but descended from the preceding period.
Independent Wholesale Lenders Suffer Q2 Losses
Independent home lenders turned quarterly losses into profits by cutting expenses, though stiffer competition had income down by half from a year earlier. Wholesale lenders took a beating.
Mortgage Exec Moves Incl Head of Biggest Servicer
The nation's biggest mortgage servicer has a new chief to oversee the business. Meanwhile, lesser-ranked rivals have been busy improving their own executive ranks.
No Mortgage Firms Among 100 Fastest Growing
Although there were several real estate companies on the list of this year's 100 fastest-growing firms, there were no mortgage-related firms and very few financial services businesses.
Regions Bank's Home Lending, Delinquency Improve
In Regions Financial Corp.'s mortgage business, earnings were lower and the servicing portfolio diminished. New originations and delinquency improved, however.