Headlines

Wingspan Portfolio Advisors, a diversified mortgage services firm headquartered in Dallas, has a new president following a multi-million dollar capital infusion from its stockholder investor group.

Domestic-based mortgage services provider LenderLive Network, Inc., has announced that Dan Biebel has joined the company as the regional account executive for the firm's correspondent lending division.

In a letter released earlier this week, Benjamin Lawsky, superintendent of financial services for New York, said an investigation of Ocwen's mortgage servicing practices turned up more than 7,000 letters sent to borrowers that had been backdated and sent only after their payment deadlines had passed.

The residential mortgage loan risk retention rule, known as the "qualified residential mortgage" (QRM) rule, was approved on Wednesday by the U.S. Federal Reserve Board and the Securities and Exchange Commission (SEC), the last two of six federal agencies to approve the rule, according to the Fed.

In Dallas, insurance claims management firm Dimont & Associates announced it is once again operating as an independent company, ending its affiliation with Wingspan Portfolio Holdings.

Former OneWest Bank vice chairman Brian P. Brooks is joining Fannie Mae as EVP, general counsel, and corporate secretary, according to an announcement from the company.

The steep decline in the number of marriages in the U.S. among the population aged 25 to 29 has been a key factor in the slow recovery of the housing market, according to a report from John Burns Real Estate Consulting (JBREC).

Ohio-based Safeguard Properties, the nation's largest mortgage field services provider, has announced the promotion of two employees in its IT department. Amitha Rao has been promoted to VP for client systems and data analytics and Rick Moran has been promoted to the position of assistant VP of application architecture at Safeguard.

New York-based real estate technology provider Ernst Publishing Company has updated the tax reporting capabilities of its patented closing cost and fee search engine technology to be compliant with the Consumer Financial Protection Bureau's (CFPB) new consumer disclosure rules which will go into effect in 2015.

Pennsylvania-based law firm KML Law Group, a firm devoted to mortgage foreclosure, bankruptcy, ejectment, REO closing, and other real estate matters for secured real estate lenders, has announced that John F. Goryl, Esquire, has joined the firm as senior counsel as of October 1, 2014.