Bank Unloads Mortgage Business
The mortgage banking remnants of a bank that failed during the depths of the financial crisis have been scooped up by one of the nation's biggest lenders.
Reverse Mortgage Business Acquired
The reverse mortgage unit of a Maryland-based home lender has been sold in a transaction that promises to create a top-tier reverse mortgage lender.
Quicken Loans Founder Wealthiest in Michigan
The founder and owner of Detroit-based Quicken Loans Inc. has been ranked as the richest person in the state of Michigan.
Marketplace Home Lender Closing Down
A four-year-old marketplace home lender that was created to transform the manual mortgage process is closing down. Among the factors cited for the demise was regulation.
Mortgage Executives Land Jobs Across Country
Recent executive appointments in home lending include positions located from the West Coast to the Mountain Region to the East Coast.
New Executive Lineup At Home Point
After swallowing up a recent acquisition, Home Point Financial Corp. has announced its new management lineup, including some of the acquired firm's leaders.
Whistleblower Lawsuit Against Wells Revived
A recent Supreme Court decision and Justice Department friend of the court brief has breathed new life into a whistleblower case against Wells Fargo & Co.
Stearns Lending Makes Acquisition
Just months after unloading its own correspondent lending platform, Stearns Lending LLC has made an acquisition that includes a correspondent business.
AMC Acquisitions, Partnerships and Expansions
In the valuation industry, an appraisal management company has been acquired, while several AMCs have partnered to create a bigger firm. Other AMCs have enhanced their offerings.
MSRs Drive Down Mortgage Servicer Income
Despite growth in the size of their portfolios, mortgage servicers saw deteriorating earnings thanks to lower gains on mortgage servicing rights.