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 nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
9m ago -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
5h ago -
The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
6h ago -
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
April 23 -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
April 23