Mike Nazankiewicz has resigned as executive vice president and chief executive officer of the National Association of Mortgage Brokers, ending a six-year run at the helm of the trade group.His resignation was effective March 20. For now, his duties will be taken over by senior vice presidents Roy DeLoach and Cathi Eifert. Mr. Nazankiewicz, who joined the NAMB from the American Heart Association, is leaving for a career in "organizational guidance and leadership development," according to a statement released by the NAMB. A NAMB spokeswoman noted that he has spent a great deal of time working on the state level with broker trade groups, helping some states form their own trade organizations.
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Nonbank mortgage firm Pennymac said having an in-house system gave it a leg up on implementation, while a vendor also reported progress in its systems testing.
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United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.
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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.
August 12 -
The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
August 12 -
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.
August 12 -
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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