Tom Wind, the CEO of Chase Home Finance, Iselin, N.J., has left the company to take a position with Lehman Brothers, industry sources confirmed to MortgageWire.A source close to the situation told MW that Chase sent out an internal memo on Mr. Wind's departure, but has yet to announce the change publicly. "He's a good guy and we'll miss him," said the source. He left the lender/servicer about a week ago. Chase Home Finance, an affiliate of J.P. Morgan Chase, has yet to name a successor. CHF is the nation's fourth largest residential funder, according to the Quarterly Data Report.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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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.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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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.
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