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People on the move: Oct. 11

CaliforniaSanta ClaraTavant, a Silicon Valley-based provider of digital products, has appointed Raj Menon as chief marketing officer.Prior to joining Tavant, Menon served in...

People on the move: Oct. 4

CaliforniaIrvineWEST, a Williston Financial Group company, has appointed Darcy Patch as vice president of marketing, lender services.With more than 20 years of industry...
Judge rules on Ocwen's motion to dismiss Florida lawsuit

Judge rules on Ocwen’s motion to dismiss Florida lawsuit

A federal judge granted in part and denied in part Ocwen Financial's motion to dismiss Florida regulators' case against the company, the last...
Deborah Sturges

Ginnie Mae stress testing should not apply to smaller mortgage banks

The Community Home Lenders Association recently submitted a comment letter to Ginnie Mae making the case that stress testing is not an appropriate...
GAO-HECMs

GAO calls for more scrutiny of FHA loans for seniors

The Federal Housing Administration should more closely monitor reverse mortgage servicers and track related data that would shed light on a rise in...

People on the move: Sept. 20

MarylandEllicott CityWaterstone Mortgage Corp. has opened a new office in Ellicott City, which will be managed by Andrew Wagner.Wagner has been with Waterstone...

People on the move: Sept. 13

CaliforniaFolsomSierra Pacific Mortgage Inc. has hired Amy Mahar as executive vice president, third-party originations.She joins Sierra Pacific Mortgage with a 25 years of...
Fraud

Five real estate professionals indicted on mortgage fraud charges

An indictment unsealed in a Brooklyn federal court alleged four New Yorkers and one Floridian misled mortgage companies, the government-sponsored enterprises and a...
Retention

Mortgage retention rates recover from slump: Black Knight

With more rate-and-term refinancing in the mix, home lenders did a better job of retaining borrowers in the second quarter, but there's still...

People on the move: Sept. 6

CaliforniaLos AngelesStephen Sherman has joined Mortgage Quality Management and Research as chief operating officer.Sherman has more than 30 years of experience in mortgage...

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Merger of BB&T, SunTrust Granted

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The U.S. Department of Justice Announced Friday that BB&T Corporation and SunTrust have agreed to eliminate 28 branches across North Carolina, Virginia, and...
A white Victorian house with a blue front door.

Starry-eyed first-time homebuyers fall for a Victorian—and land in a massive remodel

Original pine floors, graceful front columns, and an expansive porch originally drew Andrew Gardner and Alex Batkin to their circa-1860 Victorian...
Delinquencies

Why mortgage performance may be starting to weaken in some areas

Overall home-loan delinquencies remain near 20-year lows, but in Iowa, Minnesota, Nebraska, Rhode Island and Wisconsin, they are inching up in moves that...

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