Industry News

The portion of equity-rich mortgaged homes has decreased, but the overwhelming majority still have massive amounts of equity built up.

Warrington, Pennsylvania-based Stern & Eisenberg adds a crew of seasoned real estate and business law, general and mortgage default litigation, estate planning and administration attorneys as shareholders to the firm.

Sagent has named former Vice Chair and President of Mr. Cooper Chris Marshall as its new Executive Chair, tapped to strategize the fintech provider’s cloud-native software platform.

Mortgage loan subservicer adds former SVP at Mr. Cooper Ingrid Jaschok tapped to oversee all business segments within Cenlar’s default servicing portfolio.

Real estate marketplace adds former Altisource exec Mike Jansta as new Chief Operating Officer to oversee its auction, default servicing, and quality assurance operations.

Michigan-based law firm opens new office in St. Paul, Minnesota to expand its mission as an advocate for the mortgage servicing community.

Rob Lux is named CEO of Ranieri Solutions, where he will work to expand the company’s servicing technology and cloud-native servicing platform.

The GSE adds Roy Swan, current Director of Mission Investments at the Ford Foundation, to its Board, bringing 30-plus years of experience in law, banking, corporate finance, public policy, and investment management to the role.

"His steady hand, focus, and compassion helped guide an industry through a turbulent period," said Ed Delgado, Chairman Emeritus at Five Star Global. "His influence on promoting affordable housing and his longstanding commitment to protecting the dream of homeownership will have an impact on generations to come."

McCalla Raymer Leibert Pierce announced that it has established a new office in Philadelphia, in addition to industry experts Lisa Lee and Judi Romano joining the firm, offering residential and commercial foreclosure, litigation, bankruptcy, eviction, and REO services across the state.