Integrated Asset Services, a Denver-based default management vendor, on Thursday named John Burnett its new chief operating officer.
During his almost 20-year career in mortgages, Burnett held senior management roles at IBM-Lender Business Process Services, Wilshire Credit Corporation, Wells Fargo Bank, and Washington Mutual.
According to IAS, he has worked with Wall Street firms, and the GSEs on "both liquidation and retention strategies."
Remodeling sentiment dipped slightly in Q1 but stayed well above the neutral mark, as the lock-in effect of elevated mortgage rates kept homeowners investing in their current homes.
The president of an affiliate mortgage securitization guarantor is taking on the responsibilities associated with the Federal Housing Administration role.
Newly minted doctors want to buy homes but because of student debt and job history, likely can't even meet the wider jumbo underwriting criteria without help.
Bills in Congress, capital rules, GSE reform and credit modernization hold a mix of benefits and risks for Independent Community Banker of America members, Senior Vice President Ron Haynie says.
Former Federal Reserve Vice Chair for Supervision Randal Quarles, who served during President Trump's first term, said members of the Fed board should be removable by the president, but that the decentralized structure of the Fed will ensure that monetary policy decisions remain sound.
The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion.
