Originations

New MBA chief's hardest job? Not screwing things up

06/08/18

Robert Broeksmit has a tough act to follow succeeding David Stevens, the CEO revered for navigating the Mortgage Bankers Association through one of its most tumultuous eras on record. But in doing so, Broeksmit has a distinct advantage over many of his predecessors: inheriting an organization on the upswing.

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MBA taps industry vet Robert Broeksmit to succeed David Stevens as CEO

06/07/18

Robert Broeksmit, a career mortgage industry executive, will succeed David Stevens as the president and CEO of the Mortgage Bankers Association.

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Mortgage fintech expands industry reach with three hires

05/31/18

Promontory MortgagePath fills management roles for bank relations, technology and outsourced services opportunities.

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Banks shunning mortgages? Citizens' deal proves otherwise

05/31/18

As other banks de-emphasize mortgage lending, Citizens is spending half a billion dollars to buy a large originator with a big servicing portfolio.

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Blend adds Ellie Mae integration for digital mortgage disclosures

05/24/18

A new integration between Blend and Ellie Mae seeks to improve the use and accessibility of electronic mortgage documents, the latest in an ongoing industry effort to create a more simplified and consistent borrower experience.

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Wells Fargo owes California mortgage bankers $97M for rest breaks

05/09/18

Wells Fargo must pay $97 million to home mortgage consultants and private mortgage bankers in California who didn't get the breaks they were entitled to under the state's stringent labor laws.

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Credit Unions with the Largest Portfolios of First Mortgage Loans

05/07/18

On Dec. 31, 2017. Dollars in thousands.

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CFPB finalizes rule to fix TRID 'black hole'

04/26/18

The CFPB finalized an amendment to its "Know Before You Owe," mortgage disclosure rule that gives lenders more flexibility to adjust closing cost estimates and pass on those increases to borrowers.

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New tactic in lawsuit against PACE providers: Breach of contract

04/17/18

A class action filed last week alleges that Renovate America and Renew Financial failed to provide consumer protections promised to L.A. County, that this constitutes elder abuse, and the county is complicit.

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Next-gen branches, business line exits and a dearth of reg actions: Top stories of the week

04/13/18

BofA, Citi and Union Bank map out next moves in branching; MB Financial and Regions exit business lines; a dramatic reduction in regulatory actions under Trump; and more from this week's most-read stories.

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