Is credit card giant American Express contemplating an entry into residential finance? Such talk was making the rounds the past few weeks, but we're told the inquiries were preliminary. What makes this rumor interesting is that it may be a sign that some franchises have become so cheap that smart investors are giving mortgage banking another look. Then again, when companies like MetLife head for the exits, you have to wonder. Of course, MetLife is publicly traded. Public firms have less of a stomach for the business…
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In other news, Better Mortgage completed warehouse renewals and Wolters Kluwer provided a new form of access to its digital vault platform for secured parties.
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A United Wholesale Mortgage executive stepped in to defend a claim against the company, as consumers pelt the industry with more spam call complaints.
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Adam Boyd, a veteran financial services executive with more than 25 years of experience, will head the growth of Rate's consumer lending platform.
April 7 -
Washington State charged Newrez after a consumer investigation, with the notice following recent enforcement action against Luminate Home Loans.
April 7 -
Mike Kortas will be adding a separate mortgage servicing company and hiring NEXA loan officers to assist with the process and give them customer insights.
April 7 -
The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
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