The transaction includes the purchase of certain loan portfolios from Signature Bridge Bank totaling $12.9 billion, and the assumption of $34 billion in deposits by Flagstar.
Read More »SVB Financial Group Announces Chapter 11 Commencement
SVB Financial Group has announced that its strategic alternatives process for SVB Capital and SVB Securities Operations are underway. SVB Securities and SVB Capital's Funds and general partner entities will not be included in the Chapter 11 filing.
Read More »Fannie Mae Appoints Michael Seelig to Its Board
GSE names former PricewaterhouseCoopers Partner to its Board of Directors, bringing financial management and reporting, risk management, and business strategy expertise to his new role.
Read More »Weinstock Promoted to Essent Group’s CFO
Mark Casale, Essent’s Chairman and CEO, said that Weinstock "brings a deep understanding of our business and the mortgage insurance industry” to the role.
Read More »FDIC Taps Former Fannie Mae President Mayopoulos as CEO of SVB
Just days after closing the doors of SVB Financial Group, the FDIC names former Fannie Mae head to lead Silicon Valley Bank, a subsidiary of SVB Financial.
Read More »McCalla Raymer Leibert Pierce Names Elizabeth De Silva General Counsel
The firm’s former Deputy General Counsel is promoted to new role, bringing more than 20 years of experience in residential real estate law and mortgage banking to the position.
Read More »Cenlar Appoints Michelle DeHart as VP of Loan Operations
DeHart will oversee all escrow functions, including tax, insurance, flood insurance, and escrow analysis.
Read More »Sagent Names Perry Hilzendeger EVP of Servicing
Mortgage servicer taps industry exec who helped build and run Wells Fargo’s near $1 trillion servicing portfolio and brings ops expertise to accelerate Sagent’s modernization of servicing software.
Read More »Mr. Cooper Announces Executive Leadership Changes
Kurt Johnson has been named CFO of the mortgage servicer as Jaime Gow transitions from CFO to Strategic Advisor. In addition, Christine Paxton has been named EVP and Chief Risk and Compliance Officer.
Read More »Freddie Mac Adds Sonu Mittal to Its Senior Operating Committee
As new Head of Single-Family Acquisitions, Freddie Mac’s latest addition will be responsible for seller engagement, credit, products, and affordable mission goals.
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