Tim G. Henley and David Shaffer have been named regional lender representatives at Stewart Lender Services, Houston.Mr. Henley will be responsible for lender assistance and sales in the Midwest, and Mr. Shaffer will cover the Mountain states and the Pacific Northwest, the company said. Mr. Henley most recently served as area sales manager for Wells Fargo Home Mortgage. Mr. Shaffer was most recently in charge of sales of collateral valuation products and analytics for First American Real Estate Solutions. Stewart Lender Services can be found online at http://www.stewartlenderservices.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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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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