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Volatility in the financial markets, uncertainty with foreign trade and the housing supply deficit caused mortgage applications to drop for the second straight week.
July 5
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The number of nonbank lenders and servicers that did not comply with the California Residential Mortgage Lending Act Annual Report requirements grew this year, prompting a reprimand and warning of penalties from the commissioner of the state's Department of Business Oversight.
July 2
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The shareholders of Nationstar Mortgage Holdings and WMIH Corp. each voted to approve a $1.9 billion acquisition plan that will see the parent company of nonbank lender and servicer Mr. Cooper combine with the successor to S&L and subprime mortgage lender Washington Mutual.
June 29
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Greg Englesbe resigned as CEO of New Jersey lender E Mortgage Management after a jury awarded $3 million to a woman who accused Englesbe of injuring her when he grabbed and forcibly kissed her at a Philadelphia restaurant.
June 29
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A server at a Philadelphia restaurant was awarded $3 million by a jury after allegedly being injured by the CEO of a mortgage lender who attempted to forcibly kiss her.
June 29 -
Ditech Holding Corp. is considering selling itself, just over four months after the lender emerged from bankruptcy protection.
June 29
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Mortgage industry hiring and new job appointments for the week ending June 29.
June 29
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Commerce Home Mortgage and its parent company, The Capital Corps, are acquiring LoanStar Home Loans as a move to expand access to capital throughout the Northwest and Texas.
June 27
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Mortgage applications fell by nearly 5% last week as concerns over foreign trade and tariffs outweighed other positive economic news, according to the Mortgage Bankers Association.
June 27
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Most mortgage lenders and banks do not maintain a comprehensive vendor management strategy, exposing institutions to increased compliance risk, according to a recent survey.
June 26
