Home >> Tag Archives: Company News (page 100)

Tag Archives: Company News

300-Plus Personnel Leaving MetLife for Caliber

Initiating a major expansion into four new regional markets, Caliber Funding LLC recently announced the hiring of more than 300 mortgage professionals. Caliber's personnel additions will serve to staff the company's operations in New England; the Great Lakes area; the Philadelphia, New Jersey, Delaware area; and greater Washington, D.C. Caliber's aggressive march into new markets will enhance its presence around the U.S., positioning Caliber for what the company hopes will be a pattern of significant growth during the year ahead.

Read More »

New Year Statistics, Predictions from MGIC

Mortgage Guaranty Insurance Corp. has released its January statistics, as well as the company's projections for the year ahead. MGIC reported an estimated $1.3 billion in new insurance contracts for the month, and the company is predicting a minimal rise in contracts for 2012. Numbers from the fourth-quarter of 2011 show that MGIC handled around $4.2 billion in new contracts, and the company's new insurance total for the year was $14.2 billion. Data from 2011 shows a solid increase over 2010 findings, with MGIC reporting only $12.3 billion in new contracts for 2010. MGIC stated that it anticipates a slight uptick over 2011 statistics for this year.

Read More »

Clarity AMC Teams Up with ValuLink’s Technology

Clarity Appraisal Management Company is upgrading its technological support, recently announcing it has selected ValuLink as the company's software platform provider. With the addition of ValuLink's system, Clarity AMC will benefit from a customized, cloud-based appraisal management program designed to facilitate enhanced business processes.

Read More »

OMHHF Selects New President and CEO

A new president and CEO has been selected by Oppenheimer Multifamily Housing and Healthcare Finance, Inc. The company recently announced the appointment of James J. Moore III to the leadership role.

Read More »

Fed President ‘Bullish’ on the U.S. Economy

The president of the St. Louis Federal Reserve Bank, James Bullard, made national headlines recently following his strong statements regarding the state of U.S. real estate. Among the revelations included in Bullard's February speech - the declaration that nation's housing markets have officially hit bottom. During his speaking engagement in Chicago, Bullard applied pressure to the Federal Open Market Committee, calling the group's decision to extend ultra-low interest rates until 2014 a looming disaster for the country. Bullard cited the decline in U.S. home prices and loss of wealth.

Read More »

Maverick Funding Expands Reverse Mortgage Network

In Maryland, Maverick Funding Corp. is rolling out a new branch of its subsidiary, Reverse Mortgage Network. Recently announcing the addition of 40 reverse mortgage loan officers from within Baltimore-based Great Oak Funding, Maverick will conduct its expansion during the first two quarters of 2012.

Read More »

BB&T Acquires Leading Insurance Company

Through its recent acquisition of property insurance company Crump Group Inc., BB&T Corporation has doubled its wholesale insurance business. Based in New Jersey, Crump is among the nation's leading providers of wholesale commercial insurance, as well as the largest independent wholesale distributor of life insurance in the U.S.

Read More »

Arbor Commercial Mortgage Promotes New COO

New York-based direct commercial real estate lender, Arbor Commercial Mortgage, LLC, has promoted John Caulfield to COO. Caulfield, previously EVP and director of operations, will now supervise Arbor├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós $5.8 billion multifamily loan servicing portfolio.

Read More »

Subscribe to MDaily

MReport is here for you to stay on top of important developments in the mortgage marketplace. To begin receiving each day’s top news, market information, and breaking news updates, absolutely free of cost, simply enter your email address below.