“Unveiling the Leading Reverse Mortgage Lenders of 2023: An In-Depth Review”
In 2023, experts in the field of reverse mortgages observed significant alterations in the top 10 trends, which might greatly influence the industry in 2024.
“Inside Scoop: New American Funding in Negotiations to Acquire Draper Kramer Mortgage Corp”
It has been indicated that discussions are nearing their final phase and it is anticipated that the outstanding elements will be resolved within the current month.
“Transition of Power: Former Cenlar FSB Executive Steps into CEO Role at Ranieri Solutions”
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.
“Mr. Cooper’s President Takes on New Role as Executive Chairman at Sagent”
This year, Chris Marshall is slated to collaborate with Sagent’s leadership team in launching the servicing industry’s premiere cloud-based software platform.
“From ICE Mortgage Tech to Polly: New COO Appointment Shake-Up in Fintech Landscape”
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.
“Applauding Bipartisan Tax Agreement: A Saga of Empowering Housing and Mortgage Industry”
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.
“Unforeseen Fallout: Country Club Mortgage Announces Employee Layoffs and Office Closures”
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’s Road to Recovery: Overcoming Cybersecurity Breach and Restoring Systems”
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.
“Patriot Bank Agrees to $1.9M Settlement in Response to DOJ’s Redlining Claims: A Detailed Analysis”
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.
“An In-depth Analysis: The Unprecedented Rise of Foreclosure Activity in 2023”
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.