Career moves

Former Mortgage Guaranty Insurance Co. Chairman and Chief Executive William Lacy Jr. died Sunday from respiratory failure. He was 71.

PHH Corp. will lose nearly a third of its subservicing portfolio as HSBC Bank agreed to sell the mortgage servicing rights on 139,000 loans.

Mortgage industry hiring and new job appointments for the week ending Aug. 26.

Nationstar Mortgage Holdings plans to open a new customer contact center in Longview, Texas.

"Graceful" may not be the first word that comes to mind when thinking about last year's "Know Before You Owe" disclosure implementation, but one Texas loan officer has a different perspective.

Donald Trump had heard all the chatter, the idle talk about how the U.S. housing market was overheating and trouble was looming. He was unfazed. It was the spring of 2006 and he was pushing a new mortgage business, Trump Mortgage LLC.

The president and founder of a now-defunct Massachusetts-based mortgage company was charged with defrauding Ginnie Mae to the tune of $3 million.

It's time to move past the fear that digital mortgages will make loan officers obsolete.

Mortgage industry hiring and new job appointments for the week ending Aug. 19.

Ditech Financial will lay off nearly 80 employees in Georgia as it closes an office in the Atlanta metropolitan area.

The Consumer Financial Protection Bureau's choice for its new head of supervision and enforcement — the No. 3 slot at the agency — is raising eyebrows because of his political background and relative inexperience compared with similar positions at other regulators.

Mayor Bill de Blasio on Thursday nominated Eric Enderlin to be president of the New York City Housing Development Corp., the city's housing finance arm and a major player in de Blasio's affordable housing initiative.

Starkey Mortgage's Eric Glick prides himself on the dedication he brings to educating borrowers about a broad spectrum of topics. His approach starts by making sure he stays current on the latest industry trends. Here's how.

Mortgage industry hiring and new job appointments for the week ending Aug. 12.

Fifth Third Bancorp, Ohio's largest lender, fired Chief Legal Officer Heather Russell last month after she disclosed a romantic relationship with the chief executive officer of Fannie Mae, Timothy Mayopoulos, The Wall Street Journal reported.

Walter Investment Management Corp. lost $232.4 million in the second quarter as the company took $216 million in charges related to its mortgage servicing portfolio.

Marketplace lender Lending Club has added Fannie Mae Chief Executive and President Timothy Mayopoulos to its board of directors.

Republican presidential nominee Donald Trump's campaign has named The Federal Savings Bank Chief Executive Steve Calk to its economic advisory council.

BOK Financial plans to exit the correspondent lending channel by the end of the year because of increased competition and low rates.

Mortgage industry hiring and new job appointments for the week ending Aug. 5.