Wes Iseley and Arvin Wijay have been hired by Morgan Stanley Credit Corp. in Orange County, Calif., to help build "a world-class wholesale [mortgage] lending platform," according to Morgan Stanley.Mr. Iseley, as executive vice president, will head the company's wholesale mortgage lending operations, and Mr. Wijay will hold the title of senior vice president. Mr. Iseley, 47, has more than 25 years of experience in the subprime mortgage industry, Morgan Stanley said. He most recently held responsibilities for sales, servicing, operations, and support at Fremont General Investment & Loan, a Santa Monica, Calif.-based mortgage originator where he was employed for five years. Before that, he was at Associates First Capital for 19 years, Morgan Stanley said. Mr. Wijay, 38, has over 12 years of experience in financial analysis and planning.
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The lender claims an originator ambushed executives in a negotiation with the confidential company financials and claimed to have shared them with competitors.
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While San Francisco had the biggest improvement in affordability for prices today versus 2019, Hartford remains in a very deep freeze, First American said.
March 31 -
The real estate fintech touted Doma's role in Fannie Mae's title-acceptance pilot as key to the deal, which follows Opendoor's recent mortgage product rollout.
March 31 -
Home prices increased 0.9% year-over-year and 0.1% month-over-month in January, according to the S&P Cotality Case-Shiller national home price index.
March 31 -
A federal judge granted the interview request for a brokerage accused of violating the megalender's restriction on selling loans to wholesale competitors.
March 31 -
Stock prices jumped notably following the billionaire and legacy GSE investor's comment indicating Fannie and Freddie have been "stupidly cheap."
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