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People 121319

People on the move: Dec. 13

CaliforniaCovinaLERETA LLC has hired Shannon McClaughry as vice president of customer success.McClaughry brings to the firm more than 15 years of experience in...
Greg Shumate

Capital City Bank plans to buy majority stake in BrandMortgage

Florida-based depository Capital City Bank has struck a deal to purchase a 51% share in regional lender BrandMortgage, according to a press release...
Concentration of VA loans in Ginnie Mae MBS issuance exceeds 40%

Concentration of VA loans in Ginnie Mae MBS issuance exceeds 40%

The share of Department of Veterans Affairs-guaranteed loans in Ginnie Mae mortgage-backed securities issuance rose to 42% in the most recent fiscal year...
Bankruptcy law

Weil overbilled bankrupt Ditech by $476,000, trustee says

An internal "work-in-progress" meeting attended by eight lawyers at a cost of $5,845. Two hours of exchanging emails for $1,380. A $133.34 taxi...
Executives at 47,000 U.K. firms face watchdog burden on eve of Brexit

Executives at 47,000 U.K. firms face watchdog burden on eve of Brexit

European politicians say they fear the U.K. will tear up financial regulations after Brexit in a bid to attract business to London. Don’t...
People 120619

People on the move: Dec. 6

CaliforniaReddingJeff Gentry, vice president of Service 1st, has joined National Consumer Reporting Association as a newly elected member of the board of directors.He...
MCAI

Jumbos, streamline refis drive uptick in mortgage credit availability

Mortgage credit availability jumped in November, driven in part by the first government market increase seen in months, according to the Mortgage Bankers...
Hovnanian

Hovnanian takes loss to extinguish debt as building, mortgages boom

Despite an uptick in homebuilding and favorable financing rates, Hovnanian Enterprises' latest earnings results remained in the red due to a charge the...
FHA limits

FHA plans to raise mortgage limits in most areas

The Federal Housing Administration's loan limits will generally increase 5% next year, but changes in the composition of statistical areas will lead to...
People 112919

People on the move: Nov. 29

AlabamaBirminghamBellwether Enterprise Real Estate Capital, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc., has hired Landon Litty as director...

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