Bill Adamowski, chairman of MortgageHub, will resume the role of president and chief executive officer of the company in conjunction with a new growth strategy for the Des Moines, Iowa-based Web services platform provider.Mr. Adamowski said the company will hire more than 30 technology professionals and open at least four news offices over the next 60 days to help execute the strategy, which will include acquisitions and the introduction of new products. "For the past two years, my team and I have been working on putting together what I feel is the future of mortgage technology," Mr. Adamowski said. "We took a team of the best technologists and completely removed ourselves from the day-to-day work of running a company and invested in the development of this revolutionary new platform." He said the new technologies will be unveiled next month at the Mortgage Bankers Association's annual convention. The company can be found online at http://www.mortgagehub.com.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
October 24 -
The mortgage unit of Hilltop Holdings lost $7.2 million pretax in the third quarter with lower volume, following making a small profit three months prior.
October 24 -
FHA loans accounted for about half of the annual rise in foreclosure starts and 80% of the rise in active foreclosures in September, according to ICE.
October 24 -
The Federal Reserve Friday issued a set of proposed changes to its stress testing program for the largest banks that would disclose the central bank's back-end stress testing models, a move that the Fed had long opposed out of fear of making the tests easier for banks to pass.
October 24 -
Robert Hartheimer's arrest comes at a time when the bank is trying to recover from a consent order and the Synapse mess.
October 24 -
Companies reported positive numbers but see challenges in a sluggish housing environment, as federal pressure ramps up to address affordability.
October 24





