American Home Mortgage, Melville, N.Y., has hired six high-level account executives away from Washington Mutual, Seattle, for its fast-growing correspondent division.A spokesman for American Home said the six were heavily courted by the nation's top mortgage banking firms but went with American Home because of its growth prospects. A few months back, National Mortgage News broke the story that WaMu was closing its traditional correspondent channel. The spokesman said he did not know for certain whether the six were slated to lose their jobs at WaMu but that he assumed as much. The new account executives and their respective regional offices include: Steven Campbell (Columbia, S.C.); Molly Gross (Grosse Pointe, Mich.); Mary Niederhaus (Sacramento, Calif.); Mary O’Connell (Nashville, Tenn.); Ed Robinson (Philadelphia); and J. Gordon Terry (Jacksonville, Fla.). American Home's correspondent division was launched a year ago and racked up $1 billion in production after seven months. The six joined American Home on July 3, bringing their AE total to 16. American Home can be found online at http://www.americanhm.com.
-
The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
August 12 -
The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
August 12 -
Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
August 12 -
Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
August 12 -
Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
August 12 -
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
August 12








