New Penn CEO: Opportunity in Millennials, Immigrants - Q&A with Jerry Schiano...
No one else wants to be in the business, so entry costs are low. Right. That happened when I set up Wilmington Finance (in 1999). That happened at New Penn, and to a certain
www.mortgagedaily.com/stories/TnsJerrySchiano012617.asp
 
New Penn Chief Launches HEL Lender - Jerry Schiano co-founds firm | Dec. 19, 2016 ...
ContiMortgage during the 90s. In 1999, he founded Wilmington Finance, which became a subsidiary of AIG. He was president and CEO when he left the lender in 2006. In April 2008, he
www.mortgagedaily.com/stories/SpringEqLaunch121916.asp
 
Senior Mortgage Executive Appointments - Recent mortgage executive activity...
Wilmington Finance, Fremont Investment and Loan and Associates First Capital. "O'Leary possesses the experience and dedication necessary to ensure the most efficient delivery of
www.mortgagedaily.com/stories/Executives070815.asp
 
Mortgage Lenders Defend Non-Compliance Claims - Recent activity in mortgage...
In Tulumbuta v. Wilmington Finance Inc., a federal trial court ... Tulumbuta and Claudine Kamango, Plaintiffs, v. Wilmington Finance, Inc., a Delaware corporation, Mortgage Electronic
www.mortgagedaily.com/stories/LitigationCompliance050515.asp
 
Merger Creates Portfolio Lender - Shellpoint Partners acquiring New Penn...
On the menu are jumbo mortgages and investor loans. In 1999, Wilmington Finance Inc. was launched by subprime veteran Jerry Schiano. By 2003, AIG subsidiary American General
www.mortgagedaily.com/MergerNewPenn060211.asp
 
New Penn Originates Over $1 Billion - Significant increase in headcount projected ...
Wilmington Finance Inc., told Mortgage Daily at the time that he hoped 2009 originations would exceed $400 million. But Schiano was way off base. New Penn originated $929 million
www.mortgagedaily.com/NewPennProduction122910.asp
 
HUD Takes Actions Against Hundreds of Lenders - Recent FHA mortgagee actions...
Orem, UT, 10 1974 MRT 88. Wilmington Finance Inc., Plymouth Meeting, PA, 10 1975 MRT next story back to current headlines Mortgage Advertising News | Mortgage Advertising Reach
www.mortgagedaily.com/HudActions122710.asp
 
Mortgage Discrimination Lawsuits - First-Quarter 2010 Mortgage Litigation Index | ...
Savings Bank and Wilmington Finance Inc. United States of America U.S. District Court for the District of Delaware $7,100,000 The government essentially settled with itself over
www.mortgagedaily.com/DiscriminationLawsuits062310.asp
 
Wholesaler Liable for Broker Discrimination - USA v. AIG | MortgageDaily.com
Justice announced yesterday that Wilmington Finance Inc. was ... number of the [Wilmington Finance Inc.] originations resulted ... Savings Bank and Wilmington Finance Inc., Defendants. Case
www.mortgagedaily.com/AigSettlement030510.asp
 
AIG Dips Into TARP - Fed, Treasury restructure bailout package | MortgageDaily.com
Guaranty and failed Wilmington Finance Inc. has received a bailout package from the U.S. government. Among the reasons cited in the extraordinary move by the government was
www.mortgagedaily.com/AigCredit111008.asp
 
Aggressive Growth Planned at New Firm - New Penn plans to double volume...
The founder of Wilmington Finance Inc. has launched a mortgage banking firm that specializes in government lending. By next year, the new venture hopes to be originating nearly $0
www.mortgagedaily.com/SuccessNewPenn092308.asp
 
Massive Bailout for AIG - Federal Reserve to lend $85 billion to struggling giant ...
Guaranty and failed Wilmington Finance Inc. has received a bailout package from ... General Finance Corp. It also is parent to Wilmington Finance Inc., which shut down in June. AIG will
www.mortgagedaily.com/AigTakeover091708.asp
 
Broker Employment Edges Up - 355,500 mortgage employees during June | Aug. 1...
In addition, the shut down of Wilmington Finance Inc. impacted 335 employees, while 118 employees were laid off as a result of the closing of an Illinois regional office at
www.mortgagedaily.com/Employment080108.asp
 
Acquired Mortgage Companies Increase as Failures Decline - Mortgage Graveyard...
Wilmington Finance Inc., Washington Mutual Inc.'s broker unit and Chase Wholesale's subprime and home-equity businesses. In addition, Mortgages Ltd. filed for bankruptcy.
www.mortgagedaily.com/PressRelease072108.asp
 
Mortgage Employment Stabilizing - Second Quarter Employment Analysis from...
Mutual* -4,000 2. Accredited Home Lenders Inc.* -700 3. Wilmington Finance Inc. -335 4. Quicken Loans Inc. -250 5. First Collateral Services Inc. -142 *estimated Chase Home
www.mortgagedaily.com/PressRelease070708.asp
 
Mortgage Employment By State - 2nd Quarter 2008 Analysis of Activity from...
08) 1,797 0 -1,797 Wilmington Finance Inc. 335 0 -335 TOTAL 4,678 100 -4,578 Mortgage Employment Index main | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008
www.mortgagedaily.com/EmploymentByStateReport070708.asp
 
AIG Lending Operation Done - Wilmington ending mortgage banking operations...
Finance Inc. is calling it quits. Wilmington Finance Inc. will immediately end wholesale mortgage banking originations, an announcement today said. Around 335 employees will be
www.mortgagedaily.com/ClosureWilmington061708.asp
 
Still Some Subprime -- Survey of subprime lenders yields ongoing programs from...
Meeting, Pa.-based Wilmington Finance offers its "near prime, similar to Alt-A" mortgages to borrowers with FICO scores as low as 550. It did not respond to a request from
www.mortgagedaily.com/SubprimePrograms101907.asp
 
The Foreclosure Report - May filings rise to 176,13 from MortgageDaily.com
Wilmington Finance Inc. in the name of AIG Federal Savings Bank between July 2003 and May 2006 may be eligible for a financial remediation program that will be implemented as part
www.mortgagedaily.com/Foreclosures061307.asp
 
Settlement Costs AIG $178 Million - Wilmington operation at issue from...
Wilmington Finance Inc. have led to a costly settlement with ... from 2003 to 2006. "A number of the [Wilmington Finance Inc.] originations resulted in a negative financial impact
www.mortgagedaily.com/AigSettlement061107.asp
 
Mortgage Brokers Wanted - Recent mergers, acquisitions and corporate activity...
Wilmington Finance, Fitch reported. The company is looking to apply underwriting criteria developed in consideration of regulatory guidance for the loans, which were originated
www.mortgagedaily.com/Mergers051107.asp
 
MortgageDaily.com: Biggest Mortgage Companies -- FORTUNE announces Global 500
York-based insurance company, which owns Wilmington Finance, a subprime lender that recently closed the doors to more than half of its retail call centers. At No. 26 was HSBC
www.mortgagedaily.com/LargestLenders071706.asp
 
MortgageDaily.com: Subprime Retailer Lays Off 100 -- Wilmington Finance closes...
Lays Off 100 Wilmington Finance closes four call centers June 21, ... International Group has shut down retail call centers. Wilmington Finance closed four of its seven retail calling
www.mortgagedaily.com/LayoffsWilmington062106.asp
 
MortgageDaily.com: How to Build a Successful Business -- NHEMA executives hold...
So, they created Wilmington Finance, Inc., Plymouth Meeting, Pa., and wrote ... Southfield, Mich. Schiano, president and CEO of Wilmington Finance, which was sold to American General last
www.mortgagedaily.com/NeilMorseSuccessNhema041204.asp
 
Mortgage News Archives - September 2008 | MortgageDaily.com
The founder of Wilmington Finance Inc. has launched a mortgage banking firm ... The parent of United Guaranty and failed Wilmington Finance Inc. has received a bailout package from
www.mortgagedaily.com/Index0908.asp