ABN Amro Mortgage Group, Ann Arbor, Mich., now services more than $200 billion of mortgage loans for 1.6 million customers.Richard Geary, group senior vice president for loan administration, said that reaching the $200 billion threshold demonstrates the company's commitment to customer service. "AAMG's focus on customer retention has helped maintain the company's leadership position in the market," Mr. Greary said. At the beginning of this year, AAMG serviced $186 billion of home loans. In addition to servicing loans purchased from mortgage brokers through InterFirst Wholesale Lending, AAMG services all loans generated through its various consumer-direct lending operations, including Standard Federal Bank, LaSalle Bank, the AAMG National Lending Center, and its website, http://www.mortgage.com.
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Christopher J. Gallo, formerly of NJ Lenders Corp., generated billions of dollars in loan volume over a five-year stretch that prosecutors scrutinized.
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The Wall Street Journal reported federal whistleblower allegations exist, citing unnamed sources and viewed documents, but the firm said it has seen no proof.
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The homebuilder's net income for the second quarter was half of what it was a year ago but a seasonal lift improved results relative to the first quarter.
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Fintech GoodLeap is buying homeowner relationships for renovation loans with rewards and originators competing on rate alone may be behind.
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The mortgage technology unit of Intercontinental Exchange reported a return to profitability in the second quarter, as revenues continued their recent rise.
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The 30-year fixed rate mortgage is at its highest point in 51 weeks with a divergence in forecasts for what happens between now and the end of the year.
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