Kenney Hayes has been named chief operating officer of Mortgage Banking Services Direct, a management consulting company specializing in mortgage banking, broker licensing, and lending-related technology. Ms. Hayes has 37 years of mortgage industry experience, the company said. Before joining MBSD, she developed joint venture relationships that combined mortgage operations with real estate companies in Oregon, Idaho, and Washington. Among her other positions was senior vice president in charge of mortgage lending at Bank of America. MBSD can be found online at http://www.mbsdgroup.com.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
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In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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