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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...
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...
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...
Treasury Secretary Steven Mnuchin

Regulators issue warning on growth of nonbank mortgage sector

WASHINGTON — The Financial Stability Oversight Council has identified the growth of nonbank mortgage origination and servicing as a new risk to the...
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...
CFPB highlights bank/nonbank split in servicer size tiers

CFPB highlights bank/nonbank split in servicer size tiers

The nonbank share of large mortgage servicing is growing, but smaller players tend to be depositories, the Consumer Financial Protection Bureau found in...

People on the move: Nov. 22

CaliforniaIrvineCoreLogic has named Aaron Henry chief legal officer. In this role, he will oversee all global legal and compliance functions and serve on...
Growing real estate player Pretium buying Deephaven Mortgage from Värde Partners | 2019-06-18

[Pulse] With mortgage rates and bond yields low, is it time to retain mortgage...

I was talking to a mortgage banker recently about servicing and was told that, while they had considered doing so, they were not...
Carson Leonard

How CMBS lenders can stop worrying and learn to love C-PACE

Mixing C-PACE and CMBS sounds like a cocktail invented by Dr. Strangelove, but the intersection of these two financing vehicles creates unique opportunities...

People on the move: July 12

FloridaSunriseMortgage technology services provider Get Credit Healthy said that David Kittle, past chairman of the Mortgage Bankers Association, has joined its advisory board.Kittle...

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Wells Fargo settles with Philadelphia over discriminatory lending allegations

Wells Fargo agrees to pay $3 billion to settle DOJ, SEC investigations over fake...

Earlier this year, Wells Fargo revealed that it had set aside more than $3 billion to pay for a looming settlement over the...
Diana Clough

Constant Acts of Courage Breed Success – The Real Estate Referral Community™

We have all heard stories of people who displayed great courage to achieve great things in their lifetimes. People like Winston Churchill, Ray...
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Luc Besson Lists Charlton Heston’s Former Compound – Variety

For only the second time since it was commissioned in 1959, the former Los Angeles compound of the late Hollywood icon Charlton Heston...
Scott Taylor

Who Pays What in a Real Estate Deal? (Find Out Below) (2020

Let’s call a spade a spade.There’s a lot of costs in a typical real estate transaction.Who pays what?Does the buyer or seller pay...

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