Category: Mortgage Industry News

Rob Lux, the newly appointed CEO of Ranieri, will be at the helm of driving the company’s market outreach strategies for its cloud-native servicing platform.

This year, Chris Marshall is slated to collaborate with Sagent’s leadership team in launching the servicing industry’s premiere cloud-based software platform.

Troy Coggiola, the newly appointed COO of Polly, is set to guide the firm’s product, implementation, and support teams as the company propels its scaling endeavours.

If ratified, the recent tax accord has the potential to catalyze the development of approximately 200,000 low-cost rental properties. This prospect has garnered acclaim from both the MBA and NHC.

Country Club Mortgage, a respected financial institution based in California, is regrettably preparing to part ways with more than 100 of its staff members due to the shuttering of facilities. This major employment reduction includes top-ranking professionals, such as the company’s President and Chief Executive Officer.

LoanDepot is still conducting a thorough investigation into a cyberattack that happened at the beginning of January. They have successfully managed to get some systems back online, although these are currently operating with restricted functionalities.

The Department of Justice asserts that Patriot Bank intentionally bypassed the provision of mortgage facilities to predominantly Hispanic and Black communities in Tennessee. However, Patriot refutes any claims of engaging in redlining activities.

The count of foreclosed properties saw a consistent upward trend throughout 2023, marking a year-on-year rise in comparison to 2022. As we welcome the year 2024, it’s a matter of speculation whether this trend will persist. It’s worth pondering on how to interpret these figures.

Chris Moschner, the CMO of FOA, has acknowledged an issue in linking older clients with reverse mortgages, and is aspiring to address this marketing challenge.

A decrease in the rate environment is expected to increase the volume of refinancing, subsequently stimulating the currently stagnant existing home sales market.