Rick Grant, a mortgage industry journalist and former managing editor of Mortgage Technology magazine, has announced the launch of Texell Interactive Media Inc., a firm specializing in interactive communications such as Internet-based audio shows called podcasts.The firm also offers such products as insider Web logs, electronic white papers, video blogs, and interactive video. "Podcasts, blogs and other technology-based communication tools are ideal for interacting with employees, partners, customers, and prospects," said Mr. Grant, Texell's president and chief executive officer. Texell, which is based in Jim Thorpe, Pa., is an affiliate of Martopia, a nationwide marketing and public relations firm specializing in the financial services industry. The company can be found online at http://www.texellmedia.com.
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Nonbank mortgage firm Pennymac said having an in-house system gave it a leg up on implementation, while a vendor also reported progress in its systems testing.
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United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.
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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.
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.
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