MortgageBrokers.com Holdings Inc., a company that does business in the United States and Canada, has appointed Matthew Laverty as executive vice president for sales of its MortgageBrokers.com Inc. subsidiary in New York.Prior to joining MortgageBrokers.com, Mr. Laverty was the regional sales director for GMAC subsidiary Mortgage Intelligence Inc. In his new position, Mr. Laverty will be responsible for executing MortgageBrokers.com's "Broker Channel Acquisition Program," through which the company will be offering brokers equity ownership in exchange for their origination volume.
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Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
7h ago -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
8h ago -
The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
11h ago -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
April 17 -
Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.
April 17 -
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
April 16