Former CitiMortgage CEO to Run Caliber Home Loans
The former chief executive officer of CitiMortgage Inc. is stepping in to take over as the new senior executive at Caliber Home Loans Inc.
Rash of Credit Union Failures Continues
More than half of last year's over two dozen mortgage-related business closings and failures were credit unions, and the trend is continuing this year.
Business Down at United Guaranty, AIG Expands Board
New business tumbled at United Guaranty as the firm's behemoth parent announced that it will add two new directors to its board.
Mortgage Executives Recruited, Promoted
Several residential lending firms have recently recruited or promoted executives. Among the areas of responsibilities for the group are third-party originations, mortgage servicing and mortgage technology.
Home Lending Falls at First Republic
Quarterly home lending, as well as annual activity, was down at First Republic Bank. Although the servicing portfolio contracted, residential assets expanded.
Impac Loses Appeal in MBS Insurance Lawsuit
A federal appeals court has ruled against Impac Mortgage Holdings Inc. in a lawsuit over insurance coverage on mortgage-backed securities.
Ditech Origination President Out
The president of Ditech Financial LLC's originations unit is leaving the firm just months after taking on the role, and her counterpart in servicing will take over her job.
PennyMac Enters Wholesale As Home Lending Slumps
After three consecutive quarters of originations gains, PennyMac Financial Services Inc. ended its streak. But a move into wholesale lending could help upcoming production.
2015 HomeStreet Mortgage Lending Leaps, 2016 Higher
Annual home lending activity at HomeStreet Inc. soared 64 percent, and the projection for this year's mortgage production is for a further increase.
Mortgage Servicer Being Acquired
A mortgage servicer out of North Texas that recently disclosed more than a hundred planned layoffs is being acquired by a much larger player.