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With just one day remaining, this year's Rising Stars nominations keep growing even more impressive. We’ll be sharing those winners with you soon enough, but be warned, you have only one day remaining before nominations close.
Posted: February 22, 2018, 4:00 pm
For the fifth time in just over two years, Ditech Holding Corp., which was known as Walter Investment Management Corp. until very recently, has a new CEO. The nonbank announced Tuesday that it is elevating "seasoned turnaround professional" Jeffrey Baker from chief operating officer to serve as interim CEO and president.
Posted: February 20, 2018, 10:57 pm
[Expert Commentary] As regulator and conservator of the GSEs, Mel Watt, the director of the FHFA, has a decision to make. He could open the GSEs’ credit score requirements to include other credit scoring models– broadening access to mainstream mortgage financing without lowering standards and in the process eliminating the scoring monopoly created by the GSEs.
Posted: February 20, 2018, 5:00 pm
[Op-ed] What I always tell my MLOs, is teach your Realtors how to fish. What do I mean by that? Simply stated, is that instead of giving them that "one-off lead," teach them a strategy or tactic that will get them multiple leads per year. In this case, learn how to do Facebook Lead Ads for Real Estate.
Posted: February 20, 2018, 5:00 pm
The Mortgage Bankers Association recently enhanced its commercial/multifamily team with a pair of experienced hires. Sharon Walker joined the MBA in late January as the associate vice president of multifamily. Also joining the MBA is Andrew Foster, who will serve as director, commercial/multifamily.
Posted: February 19, 2018, 10:03 pm
Recently confirmed Federal Reserve Chairman Jerome Powell has reportedly made his first staff moves, naming monetary policy specialists Jon Faust and Antulio Bomfim to senior adviser roles. Both Faust and Bomfim have previously held roles at the central bank.
Posted: February 19, 2018, 7:12 pm
Morningstar Inc., the parent company of Morningstar Credit Ratings, announced this week that Brian Grow has been named president of the credit rating agency. He will now oversee the day-to-day operations of Morningstar’s credit ratings business.
Posted: February 16, 2018, 8:01 pm
New Penn Financial, a mortgage lender that is owned by Shellpoint Partners, announced recently that it promoted Kevin Harrigan to president. According to the company, Shellpoint’s looming acquisition by New Residential Investment Corp. provided the impetus for Harrigan’s promotion.
Posted: February 16, 2018, 7:26 pm
Blackstone announced Tuesday that President and Chief Operating Officer Tony James will be handing over daily management of the firm to Jon Gray, global head of real estate. Taking over Gray's old job is Ken Caplan and Kathleen McCarthy, who will serve as global co-heads of the firm's real estate business.
Posted: February 14, 2018, 8:09 pm
“We had a solid quarter in that our business performance was excellent,” Timothy Mayopoulos told HousingWire by phone. “The quarter’s earning are not a reflection of our underlying business. We will also benefit from the lower corporate tax rate.”
Posted: February 14, 2018, 8:00 pm
CoreLogic, the property information, analytics and data-enabled solutions provider, announced this week that it hired Pete Carroll to join the company’s government affairs team. Carroll joins CoreLogic from Quicken Loans, where he was an executive vice president of mortgage policy and counterparty relations.
Posted: February 14, 2018, 7:34 pm
End-to-end digital mortgage solution provider Capsilon announced that Ginger Wilcox, formerly of startup Sindeo, is joining the company as the senior vice president of marketing, where she will lead marketing, brand positioning and growth for the company.
Posted: February 14, 2018, 6:01 pm
Private mortgage insurer Radian Group is making some changes to its sales team as it seeks to increase its market share in the mortgage space. Radian, which also offers risk management products and mortgage and real estate services to financial institutions, announced this week that it "reconfigured its sales team to create a unified focus on selling all Radian products and services."
Posted: February 13, 2018, 9:18 pm
Equifax has hired Jamil Farschi as the credit agency's new chief information security officer. Farschi is tasked with revamping Equifax's information security program following its massive 2017 data breach that saw the information of 145 million consumers exposed to hackers.
Posted: February 12, 2018, 11:00 pm
Risk management and compliance services provider Mortgage Quality Management and Research has announced Mitchell Nomura has joined the company as its new internal audit manager. Nomura will lead MQMR’s team of internal auditors as they identify compliance and operational risks for mortgage lender clients.
Posted: February 12, 2018, 8:03 pm
A new revelation shows Equifax’s data breach, which occurred last year and affected about 145.5 million consumers, may have been worse than anyone thought. And CFPB Acting Director Mick Mulvaney announced the agency is enforcing the law but not being aggressive under his leadership.
Posted: February 12, 2018, 5:01 am
[Expert commentary] The servicing industry has historically been about call centers and collections. Companies staff up or staff down depending on the market condition and overlook the most important factor in all of the changes — the people.
Posted: February 9, 2018, 9:09 pm
[Expert commentary] When it comes to understanding the jargon and buzz that surround the world of digital transformation, the world of “e” can certainly seem like learning a new language. Here is a primer for moving past the confusing buzzwords and terminology associated with the digital transformation – and how to take action.
Posted: February 9, 2018, 6:11 pm
Mortgage lender Waterstone Mortgage has promoted Ericka Smith to vice president of marketing. She joined Waterstone Mortgage as marketing manager more than two years ago and has played an integral part in the rollout of many of the company’s marketing initiatives, such as the launch of its customer relationship management system, the company said.
Posted: February 9, 2018, 5:37 pm
Last year, Guaranteed Rate and Realogy partnered to form a joint venture that markets Guaranteed Rate mortgages across the Realogy real estate network. As part of its growth plan, Guaranteed Rate Affinity announced this week that it hired Scott Brady to oversee the company’s central region, which includes Illinois and Missouri.
Posted: February 8, 2018, 11:13 pm
Document, eSign, eClosing, and compliance technology provider Docutech has named Amy Brandt as its new chief executive officer. Brandt, who joined the company in 2017 as president and chief operating officer, will continue to serve as company president and assumes the CEO role from founder Ty Jenkins, now the company’s chairman.
Posted: February 8, 2018, 10:29 pm
Black Knight, fresh off a fourth quarter that saw its year-over-year earnings increase by nearly $136 million, is about to have a new leader. In conjunction with announcing its fourth quarter earnings, Black Knight announced that it is naming Anthony Jabbour as the company’s new CEO.
Posted: February 7, 2018, 10:40 pm
In his new role, Russell will be responsible for internal operations as well overseeing ServiceLink Auction’s growing market share by supporting the company’s clients in their loss mitigation and disposition strategies, the company said in a statement.
Posted: February 7, 2018, 10:30 pm
Banc of California announced this week that it hired Kris Gagnon to serve as the company’s chief credit officer. Gagnon joins Banc of California from CIT Bank, formerly known as OneWest Bank, where he served in the same role.
Posted: February 7, 2018, 8:36 pm
Guaranteed Rate, one of the nation’s largest retail mortgage lenders, is looking to grow its online lending platform, and is bringing in Quicken Loans’ director of mortgage banking to lead the push. Craig Lombardi replaces Scott Stephen, who Guaranteed Rate promoted to chief growth officer.
Posted: February 7, 2018, 6:28 pm
In January, loanDepot revealed its ambitions to expand beyond lending and into facilitating the entire real estate transaction through a new service called mello Home. On Wednesday, the company announced it has hired former Keller Williams CEO Chris Heller to lead that initiative.
Posted: February 7, 2018, 4:26 pm
[Expert commentary] Another year has passed and like previous years, we saw tremendous energy and effort dedicated to encouraging widespread adoption of electronic real estate transactions. And yet, we’re still not there. For large numbers of eClose transactions to become scalable and industry-wide, it must work for everyone across the end-to-end fulfillment process without the friction that currently exists.
Posted: February 6, 2018, 10:01 pm
HousingWire is now accepting applications for its fifth annual Rising Stars award program. We are looking for the best, boldest, and most dynamic industry leaders under the age of 40. Is that you? Show us!
Posted: February 6, 2018, 9:36 pm
Earlier this year, the House Financial Services Committee announced that its staff director, Kirsten Sutton Mork, would be leaving the committee staff “in the coming weeks” to become the chief of staff at the Consumer Financial Protection Bureau. Now, it’s official.
Posted: February 6, 2018, 7:32 pm
Recovco Mortgage Management, a provider of residential and consumer loan fulfillment, due diligence, quality control, transaction management, and loan servicing solutions, announced this week that it hired John Guy to serve as the company’s new director of business development.
Posted: February 5, 2018, 10:46 pm