If you're looking for more evidence that well capitalized nonbanks (and REITs) are plotting to make major inroads into mortgage banking in the next few years, look no further than Kislak Mortgage of Florida. The privately held nonbank has just hired former Chase and Aurora Loan Services CEO Tom Wind to manage its growing company. Tom is a well respected mortgage executive who understands the business inside and out. There have been plenty of industry veterans who got out of mortgage banking while the getting-was-good. And now they've jumped back into the ring, or plan to. We'll continue to break these developments as they happen…
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The move is aimed at bringing additional mortgage servicing rights and investment expertise to the technology company and its capital markets division.
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The borrower allegedly forged a VA document that claimed exempt-free status, leading the lender to mistakenly cover the cost on his behalf, prosecutors said.
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The deal wraps up the transformation efforts Radian announced when it agreed to acquire specialty insurer Inigo and divest the non-mortgage insurance units.
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In a Facebook post last week, CEO Mike Kortas offered loanDepot loans officers who switch over to NEXA a one year membership for Nexa100 and a signing bonus.
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Indiana lawmakers are considering two more far-reaching property tax reforms before Senate Enrolled Act 1 has even been fully phased in.
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Sen. Elizabeth Warren and other senators sent a letter to six insurers challenging their use credit-based insurance scores to determine risk-based pricing.
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