During the mortgage crisis, portfolio lenders like TD Bank stood out as financial institutions that embraced the idea of quality underwriting and lending—especially since they kept loans in-house, taking the risk on their own balance sheets.
Read More »Ocwen Reintroduces Stock Repurchase Program
Ocwen Financial has re-initiated its two-year-old stock repurchase program after a nine-month suspension, according to an 8-K filing with the Securities and Exchange Commission.
Read More »Mortgages Lose Out If Borrowers Have to Choose What Type of Debt to Carry
A new article from Credit.com suggests that when given a choice between different types of debt, fewer consumers take out home mortgages and are much more likely to carry other kinds of debt.
Read More »Opportunity Knocks
The housing downturn tested the mortgage industry. Pacific Union Financial, LLC, rose to the challenge and found its own niche in the marketplace. Editor's note: This select print feature appears in the November 2015 edition of MReport magazine, available now.
Read More »Making Homeownership a Reality for the Millennial Generation
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. Jeannie Smith, Loan Officer and VP of Sales at Guardian Mortgage discusses opening the credit box for millennials, and how this will help the mortgage industry move more millennials from renters to homeowners.
Read More »Quicken Credit Box Flies Open: Borrowers With 580 Credit Scores Obtain Home Loans
The tightened credit box routinely blamed for curtailing a full-blown housing recovery turned a corner in the second half of 2015, with Quicken Loans reporting originations to borrowers with credit scores as low as 580.
Read More »Wells Fargo Moves 350 Servicing Employees Out of Charlotte
The restructuring of mortgage servicing shops continues with Wells Fargo confirming Monday that the bank is moving approximately 350 home loan servicing members out of its offices in Charlotte, North Carolina.
Read More »HomePlus Mortgage Ranked First Among LendingTree Customers
When it comes to customer service, responsiveness, mortgage rates and closing costs, HomePlus Mortgage ranked first in a poll of loan customers conducted by online lending marketplace LendingTree.
Read More »Selene Finance Welcomes New EVP of Business Development
Selene Finance, LP, a specialty mortgage servicer, has added Tom Donatacci is to lead all business development efforts in the role of EVP of Business Development. Donatacci previously served as EVP of Sales at Clayton Holdings. Prior to Clayton, he was the Senior Managing Director of sub-servicing and MSR transactions at GMAC ResCap.
Read More »Clayton Holdings Hires EVP of Sales & Marketing
Clayton Holdings LLC, recently announced the hiring of Mark Hughes as EVP of sales and marketing. The company provides of loan due diligence, surveillance, REO management, and consulting services to the mortgage industry.
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