People

By decreasing costs through technology, outsourcing and scale, servicers not only can give their margins a much-needed boost, but also set themselves up to reap rewards in the future.

Shifting demographics are leading to a rise in the number of millennials and minorities, but homeownership rates among these groups remain depressed. One contributing factor is the lack of mortgage industry hiring and marketing focused on these demographics.

New American Funding and Alterra Home Loans have selected Radian Group as the preferred private mortgage insurance providers for their Your Path loan program.

A leader who surrounds herself with diverse thought and talent, Nikki Groff of Wallick & Volk Mortgage Bankers, formed a team that helped propel her to Top Producer status from a small Arizona town.

David Schneider, who became Ditech Financial's president in February, is no longer with the lender as parent company Walter Investment Management streamlines leadership under its new CEO, Anthony Renzi.

Mortgage industry hiring and new job appointments for the week ending Oct. 14.

Franklin Codel, Wells Fargo's head of mortgage, will now oversee all consumer lending as part of a management shakeup that comes amid the bank's fake account scandal.

Within hours of taking the reins at Wells Fargo, new chief Tim Sloan pledged to finish the reforms begun by his predecessor, John Stumpf, who stepped aside Wednesday in an attempt to quiet the phony-accounts scandal that has rocked the company.

The Wells Fargo phony-accounts scandal is barely five weeks old, but it felt like John Stumpf had been hanging on for five years.

The No. 3 U.S. bank by assets has made a change at the top after a snowballing scandal involving the creation of fraudulent accounts.