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A pair of Orrstown Financial Services executives quit just two months after the company's chief financial officer resigned.

Well, well, well (or maybe it should be Wells, Wells, Wells), it’s been quite a week for the little guy. Citigroup started it all off when National Mortgage News published a story about its ‘exclusionary list’ for correspondents. Then Wells Fargo came along and tossed its broker network into the ocean. Oh, and then Wells finished the week off by confirming that it’s killing most of its Realtor joint ventures (mortgage companies). We understand that the survivors include one in Virginia and at least one in Hawaii.

Fiserv Inc. named Cliff Skelton executive vice president and chief information officer.

With servicing multiples as low as they’ve been over the last 18 months, the head of Edison, N.J.-based Real Estate Mortgage Network Inc. has decided to take advantage of the situation, growing its portfolio by starting a correspondent lending division. The new unit will operate out of its new Irvine, Calif. wholesale fulfillment center.

As California goes, so goes the nation? Let’s hope not, at least as to legislation that will make California the first state in the nation to codify provisions of the national mortgage settlement.

A federal judge sentenced Scott Eric Perry to 18 months in prison on false statement charges related to an almost $750,000 mortgage fraud scheme in the Birmingham area.

Real Estate Mortgage Network Inc. opened its first office in Kansas City, Kan., and hired Greg Redmond as the office’s branch manager.

THIS JUST IN: Is a new subprime lender about to emerge? I know of one industry veteran who hopes to secure financing to originate nonprime low LTV mortgages.

For Richard Weiner, remaining a leading producer at Envoy Mortgage means having to do just as much, if not more, as getting there.

Equator appointed Chuck Harkins as director of operations.