Mitch Freifeld has announced his resignation as president of Global Branch Solutions to start Branch Management Solutions, Clearwater, Fla., which will provide guidance on recruiting, marketing, and training.The move "represents the culmination of years of work in the mortgage industry," Mr. Freifeld said. "My company's core focus will be to represent and market an innovative, new branch organization that will be making its debut in early 2007." Mr. Freifeld previously served for over 20 years as president of United Shelter Homes. He said he will maintain "a strong focus" on his work with the Coalition Against Broker Fraud, which he co-founded early this year in response to mounting fraud-related losses at mortgage firms.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
6h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
10h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
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.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24