Huge Board Shakeup at Wells Fargo
Wells Fargo & Co., the biggest U.S. originator of mortgages, will soon see the departure of three members of its board of directors -- including its chairman.
3 Mortgage Firms Among US' 500 Fastest Growing
Three mortgage businesses were among the 500 most rapidly growing companies in America. A few more residential lenders were among the 5,000 fastest-growing firms.
Investment Firm Acquires Wholesale Mortgage Lender
A private investment firm has has taken an interest in a Silicon Valley wholesale mortgage lender, enabling a geographic expansion and entry into new lending channels.
Mortgage LOS Updates, Acquisition
In addition to an acquisition involving a loan origination system, two LOS service provides have upgraded there systems -- with one labeled as a "major" release. Meanwhile, LOS integrations continue.
Mortgage Firms Appoint Top Executives
Among the roles that have recently been filled at a variety of real estate finance firms are chief financial officer, president and chief executive officer.
Walter Investment Warns About Ongoing Viability
As losses continued at Walter Investment Management Corp., the company warned about its ongoing viability and restated income for prior period. Home lending tumbled.
US Still Grappling With Too Big to Fail
Nearly a decade after the financial crisis, Democrats and Republicans are still battling over how to liquidate behemoth financial institutions that fail.
Mortgage Firms Acquired and Not Acquired
While some mortgage acquisitions have recently closed, one fell through just hours before it was supposed to be consummated. One company that was set to close down is back in business.
Michigan Credit Union to Acquire Florida Bank
A deal has been reached for Grand Rapids, Michigan-based Lake Michigan Credit Union to acquire Naples, Florida-based Encore Bank.
PHH Continues to Reduce Mortgage Business
As the parent of PHH Mortgage continues to execute on its strategy to shrink its mortgage business, losses grew from a year earlier as originations and servicing were slashed.