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A desire to own their own businesses led many loan officers to become mortgage brokers during the industry's growth period. As brokering regains its footing, that entrepreneurial spirit is making a comeback.
October 18
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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.
October 14
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United Wholesale Mortgage has rolled out a new tool that allows mortgage brokers to receive automated income verification.
October 4 -
The National Association of Mortgage Brokers has created a new grant program that is designed to expand the mortgage broker channel by helping mortgage professionals open their own wholesale shops.
September 26 -
Impac Mortgage Holdings has released the pricing of an upcoming follow-on stock offering.
September 16 -
It's no secret that subprime lending played a heavy role in the demise of the mortgage broker. But to truly understand how brokers rose to prominence, it is helpful to look back to the channel's beginnings. Here's a look at three data points that sum up the rise and fall of the mortgage broker.
September 6
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Online lender LoanDepot has raised $150 million in term debt financing as part of its capital strategy.
August 17 -
TIAA in New York has agreed to buy EverBank in Jacksonville, Fla.
August 8 -
TIAA is in talks to buy EverBank Financial Corp., the largest Florida-based lender by deposits, to expand in internet banking.
August 5 -
Walter Investment Management Corp. subsidiary Ditech Financial plans to lay off more than 100 employees in North Carolina and Texas following declines in defaults across the country.
July 27
