-
Robert Broeksmit has a tough act to follow succeeding David Stevens, the CEO revered for navigating the Mortgage Bankers Association through one of its most tumultuous eras on record. But in doing so, Broeksmit has a distinct advantage over many of his predecessors: inheriting an organization on the upswing.
June 8
-
Federal authorities charged a third real estate investor with bribery-related offenses in a long-running corruption probe of the process through which the Philadelphia Sheriff's Office sells seized and foreclosed properties.
June 8
-
Mortgage industry hiring and new job appointments for the week ending June 8.
June 8
-
Acting CFPB Director Mick Mulvaney wrote in a two-paragraph filing that the Mount Laurel, N.J., company did not violate the Real Estate Settlement Procedures Act.
June 7
-
Robert Broeksmit, a career mortgage industry executive, will succeed David Stevens as the president and CEO of the Mortgage Bankers Association.
June 7
-
Two Orange County, Calif., men were to federal prison for their part in a mortgage scheme that led to the fraudulent purchase of more then 100 condominium units and $10 million in losses.
June 7
-
Declining mortgage origination volume and record-high costs drove production income for independent mortgage bankers into negative territory, according to the Mortgage Bankers Association.
June 6
-
The Atlanta bank had previously failed compliance metrics in five straight quarters before passing them last year, according to the settlement's monitor.
June 6
-
Ditech Holding Corp. returned to profitability in the first quarter, benefiting from accounting adjustments related to its emergence from bankruptcy protection in February.
June 6
-
Blame the decline in the oil and gas industry; many 2014 vintage deals have exposure to a number of multifamily and hotel properties in North Dakota and Texas, according to Fitch.
June 5
