Richard T. Martin has joined Rogers Townsend & Thomas PC, a law firm with offices in Columbia and Myrtle Beach, S.C., to direct quality assurance efforts for the firm's Default Services section.Before joining the firm, Mr. Martin was senior vice president at Aurora Loan Services Inc., where he set strategy in areas such as loss mitigation, real estate owned, claims, and foreclosures. He also managed foreclosure and bankruptcy cases for HomEq Servicing at First Union NB and served as vice president at Resource Bancshares Mortgage Group Inc. "Mr. Martin's experience in the mortgage banking industry will greatly enhance our quality assurance processes," said Sam Waters, Rogers Townsend's chairman of the board and head of the Default Services section.
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Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.
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Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
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Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
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