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…
-
The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
September 17










