Jeff Hoerster has been named president and chief operating officer of AllRegs, an Eagan, Minn.-based online publisher of reference information for the mortgage industry.The company said Mr. Hoerster has more than 20 years' industry experience, including 11 at Columbia National in Columbia, Md., where he left as senior vice president for operations, and nine years at Multi-Mortgage Services in Manasquan, N.J., where he was a part owner. AllRegs' products and services are used by over 90% of the top 100 lenders and in "numerous" governmental agencies, according to the company. It is the exclusive electronic publisher of Fannie Mae's and Freddie Mac's Single and Multi-Family Seller/Servicer Guides and the Federal Home Loan Banks' MPF Program Guidelines.
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The government guarantor aims to distinguish delinquencies reported as a result of a Federal Housing Administration rule change from broader market trends.
April 24 -
The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
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Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.
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But in its earnings release, parent company Hilltop Holdings warned its full year 2026 results are going to be impacted by things outside of its control.
April 24 -
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
April 24 -
The bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants in North Carolina, according to a study from the Americans for Financial Reform Education Fund.
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