Richard Winter, founder of The Winter Group, which ran a modest-sized trading desk that specialized in home equity loans, has left the organization, MortgageWire has learned. At deadline time, neither the company nor Mr. Winter could be reached for comment. The firm is based in New York. TWG, owned by Shinsei Bank of Japan, also operates a specialty servicer based in Colorado. That business, according to servicing brokers, is now being shopped around to potential buyers. One broker said its portfolio could total upwards of $8 billion (including subservicing contracts), but could not say for sure.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
7h ago -
Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
9h ago -
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
10h ago -
The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
10h ago -
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
11h ago -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
August 11









