The financial services industry has high hopes that President Trump will usher in a new era of less regulation and economic growth, but here are challenges the new administration will face.
Mortgage industry hiring and new job appointments for the week ending Jan. 20.
In a candid, in-depth exit interview, Ted Tozer discusses Ginnie Mae's growth during his seven years at the agency's helm, the need for comprehensive housing finance reform, big banks' retreat from mortgages, counterparty risk management and more.
The company sued the former director over the debt, which disqualified him from board service.
As president of the secondary marketing agency, Tozer has helped the mortgage market to continue functioning and keep up with changes following the financial crisis. The incoming Trump administration has not yet picked a successor.
Mortgage industry hiring and new job appointments for the week ending Jan. 13.
Flushing Financial in Uniondale, N.Y., has its next chairman lined up.
American Mortgage Consultants has acquired a business unit that handles due diligence and quality control for residential mortgages from Stewart Lender Services.
Independent mortgage banking and brokerage firms added 4,000 employees in November, even as rising interest rates took its toll on loan application volume.
Mortgage industry hiring and new job appointments for the week ending Jan. 6.
Now that it has completed the purchase of its rival private mortgage insurer United Guaranty from AIG, Arch Capital Group plans to trim the sales force while avoiding service disruptions.
President-elect Donald Trump's choice of well-known Wall Street lawyer Jay Clayton to head the Securities and Exchange Commission was a relatively safe move that suggests his other financial appointments may be equally conservative, industry observers said.
The Senate Banking Committee will have six fresh faces in the new Congress as Republicans grapple with a slimmer majority.
This was a year of shocks and surprises, including a multimillion-dollar verdict after one lender sued another, regulations putting a lender out of business, Brexit driving rates down and Donald Trump's election pushing them back up. Here are 10 events and trends from 2016 that changed the industry.
- Simplifile Integrates Collaboration, Post Closing Services with LendingQB
- Freedom Mortgage Wholesale Division Now Using Simplifile Collaboration Service
- Ellie Mae® Selects DataVerify® Risk Mitigation System for Its Total Quality Loan Program
- Four New Counties Adopt Simplifile as Wyoming Authorizes E-recording Statewide
- FIRST AMERICAN MORTGAGE SOLUTIONS INTEGRATES FRAUDGUARD WITH LOANLOGICS LOANHD PLATFORM