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Did perceived liquidity problems at PHH Corp. lead to this week's ouster of company president and CEO Jerry Selitto? I'm told that PHH doesn't have any liquidity problems and the company said as much in a recent SEC filing.
January 5
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President Obama's recess appointment of Richard Cordray on Wednesday will clear the way for the Consumer Financial Protection Bureau to use its full enforcement and regulatory powers to police all mortgage lenders and servicers.
January 4 -
The Collingwood Group, a Washington-based mortgage advisory firm, has acquired GWN Consulting LLC, a specialist in FHA and GNMA risk management and quality control services.
January 4 -
Two more Standard & Poor's executives whose respective roles have included oversight of mortgage-backed securities ratings are leaving the company, possibly as part of an ongoing reorganization, according to a recent Wall Street Journal report.
January 4 -
Jerome Selitto has resigned as president and chief executive of PHH Corp., Mt. Laurel, N.J., and has been replaced by the company's chief operating officer Glen Messina.
January 4 -
The White House Wednesday morning signaled its intention to make former Ohio Attorney General Richard Cordray the first director of the Consumer Financial Protection Bureau through a recess appointment.
January 4 -
Mike Anderson has resigned as vice president of government affairs for the National Association of Mortgage Brokers.
January 3
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Looking to move forward after recent accounting issues forced it to restate its 2010 earnings, Suffolk Bancorp in Riverhead, N.Y., has hired a new chief executive to replace J. Gordon Huszagh.
January 3 -
Mike Anderson last week resigned as vice president of government affairs for the National Association of Mortgage Brokers.
January 3 -
BOFI Federal Bank, San Diego, is ready to kick off its new warehouse lending business, targeting correspondent lenders.
January 3
