Douglas S. Ashe has been named chief executive officer of AssetLink LP, a real-estate-owned/asset management company, and executive vice president of business development and strategic planning for ServiceLink, AssetLink's parent company.ServiceLink is a centralized loan closing management company headquartered in Aliquippa, Pa. AssetLink said Mr. Ashe is a nationally recognized authority in the REO industry who has been president of Clayton National Inc., a third-party special servicer, and of Prudential Asset Recovery, a third-party residential REO management company. He will report to ServiceLink CEO Jeff Coury, and Ken Westfall will remain president of AssetLink. "ServiceLink redefined the settlement services industry in a very short period of time, and AssetLink has set out to do the same in the REO business," Mr. Ashe said. AssetLink can be found online at http://www.assetlinklp.com.
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Also, the Broker Action Coalition announced Jamie Cavanaugh as its next CEO, while Dark Matter Technologies added two new members to its leadership team.
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Two online ads promise Fannie Mae and Freddie Mac are working to boost purchase applications but it's unclear whether they signal interest in a stock offering.
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Weak refi demand is pushing lenders to lean on servicing income, as tighter execution spreads and higher MSR values shift the industry's sell/retain calculus
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Chad Smith departs the lender in a transition phase, after helping Better to generate 2.5 times growth in total revenue and funded loan volume since 2024.
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The Federal Housing Finance Agency has barred 51 people from working with Fannie Mae and Freddie Mac this year, the most suspensions in any calendar year.
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