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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Rocket Cos. gave generous stock awards to its leaders for a busy year, while Better Home & Finance awarded raises to leaders after a difficult stretch.
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A New York bank says the regulator's rejection last fall is preventing it from keeping up with local nonbank lenders deploying cash-offer products.
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Freddie Mac was more aggressive than its counterpart for much of the past year but March activity establishes that there's a different trend at play in 2026.
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The share of seriously underwater homeowners also grew in 45 states compared to a year ago, with the South Central region most affected, according to Attom.
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The percentage of investors who view the market as better than it was a year ago fell to 36% from 45% in the winter, according to a spring survey.
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A rule change requiring trial modifications before other loss-mitigation options is creating workflow and liquidity challenges, especially for smaller servicers without deep resources.
May 6







