Mortgage Servicers Change Up Executives
The biggest residential loan servicer and two smaller ones have made some management changes. Another servicer has added a pair of new directors to its board.
loanDepot Chief Explains Decision to Cancel IPO
The head of loanDepot Inc. has provided insight into the decision to hold off on the mortgage lender's initial public offering.
Several Mortgage Firms Ranked as Best Employers
Several mortgage-related companies have recently been recognized among the best places to have a job. Here are a few of them.
License Exam Cheating Costs New Day NY License
A scheme to cheat on license exams has cost New Day Financial LLC it's license to do business in New York. The action follows a multi-state settlement.
IPO On Hiatus at loanDepot
Plans for an initial public offering have been put on hold by loanDepot Inc. The up-and-coming mortgage lender cited market conditions for its decision.
Stonegate Eliminating Dozens of Branches
Dozens of retail mortgage branches are being closed down or sold by Stonegate Mortgage Corp. as it reduces expenses tied to retail originations.
CoreLogic to Focus on Growing Multifamily Market
One of the biggest aggregators of real estate data and statistics in the nation is now setting its sites on the growing U.S. apartment sector.
Originations Slip, Losses Widen at Walter
On trend with most of its peers, Walter Investment Management Corp. saw home loan production dip. Delinquency rose, and losses widened, but the servicing portfolio grew.
Size of Servicing Portfolio Explodes at Impac
Home lending activity slipped at Impac Mortgage Holdings Inc., though year-over-year performance benefited from a prior acquisition. The servicing portfolio ballooned by half but has since deflated.
New Business, Earnings Down at Fannie
New single-family business slowed at the Federal National Mortgage Association. While income was down, more than $2 billion in earned profits will be paid back to taxpayers.