Industry Watch: UWM upgrades credit check program and more
PennyMac and RoundPoint Mortgage have announced that customers’ personal information may have been exposed in a data breach. Software vendor Sovos Compliance alerted the two companies of a “vulnerability” in its MOVEit file transfer program resulted in unauthorized access to customers’ private data, potentially including names and Social Security numbers. Due to the breach, Sovos […]
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Freddie Mac CEO DeVito to step down early next year
Longtime mortgage industry executive took over helm of government-sponsored enterprise in 2021
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Notable mortgage industry additions and promotions, September 4-8
The Mortgage Bankers Association (MBA) has announced that George Rogers has joined the association as vice president of legislative affairs. In this role, he will be responsible for advocating on behalf of MBA’s legislative and policy priorities on Capitol Hill, with a primary focus on Republican members of the United States Senate. He arrives at […]
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Industry Watch: A new acquisition for Guild Mortgage and more
Guild Mortgage has acquired First Centennial Mortgage, a privately held residential mortgage lender headquartered in Illinois with branches predominantly located in the Midwest. First Centennial Mortgage was founded by brothers Steven and David McCormick in 1995. The terms of the acquisition were not disclosed. Nations Lending has announced the opening of its newest branch in […]
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ICE’s acquisition of Black Knight set to close on Sept. 5
Divestitures of Empower and Optimal Blue expected to close 20 days thereafter
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Industry Watch: Zillow Loans debuts 1% down product and more
Nations Lending has announced the opening of its newest branch in Orlando, adding Jennifer Smith as branch manager. The new office will be servicing the Orlando area as well as the broader Florida region. Zillow Home Loans has announced its 1% Down Payment program, initially being offered on properties located in Arizona with plans to […]
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Notable mortgage industry additions and promotions, Aug. 21-25
New American Funding (NAF) has announced the expansion of its executive leadership team with the appointment of Andrew Strickman as chief marketing officer. Prior to joining NAF, Strickman led marketing at Care Access and has spent the last few years advising purpose-focused startups and non-profit organizations. He also spent eight years as the senior vice […]
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Industry Watch: Doma sells Florida title operations and more
A federal jury has awarded shareholders of Fannie Mae and Freddie Mac $612.4 million in damages after ruling that the Federal Housing Finance Agency acted “arbitrarily or unreasonably” in carrying out the “net worth sweep” that pushed the government-sponsored enterprises’ full profits to the Treasury Department in 2012. BankFirst Financial Services has announced the opening […]
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Notable mortgage industry additions and promotions, Aug 14-18
Black Knight has announced that Lucie Fortier has been named executive vice president of the company’s MLS Solutions group under Black Knight’s Data & Analytics division. In her new role, Fortier will develop strategy and oversee development, sales and client support for this team, which is focused on delivering premier solutions and support to the […]
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GSE investors get rare win as federal jury awards $612.4 million in damages
Jury sides with shareholders of Fannie and Freddie regarding profits taken by Treasury in ‘net worth sweep’
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