George L. Houghton Jr. has been promoted to national independent title agency director at Stewart Title Guaranty Co., a new post the company said is designed to promote a smooth delivery system for its independent agency network.Mr. Houghton, a 30-year veteran of the title industry, came to Stewart Title of Houston in 1998 as senior vice president and downtown commercial office manager. In 2000, he became vice president and district agency manager for South and West Texas. Before joining Stewart, he was president, chief executive officer, and majority owner of Fort Bend Title Co., and later worked as assistant to the president of another underwriter, Stewart said. Stewart Title's parent company, Stewart Information Services Corp., can be found online at http://www.stewart.com.
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While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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