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Goldman Sachs Moves Forward on Consumer Relief Obligation

Goldman Sachs has reached 62 percent of its $1.8-billion consumer relief obligation, which was enacted under its two April 11, 2016, mortgage-related settlement agreements with the U.S. Department of Justice and three states. Eric D. Green, the independent Monitor of ...

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Gateway Mortgage Group Announces New CEO

Kevin Stitt, chairman and CEO of Gateway Mortgage Group, LLC, one of the largest privately held mortgage origination and servicing companies in the United States, has announced the appointment of Stephen Curry as the new CEO of Gateway. Curry assumed responsibilities ...

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PRMI Expands Leadership, Promotes from Within

Primary Residential Mortgage, Inc. (PRMI) has announced the promotion of four of its executives: Tom George as EVP and Chief Production Officer, Ruth Green as EVP and COO, A.J. Swope as EVP of Secondary Marketing, and Mathew Whitebrook as SVP ...

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Freddie Mac On Track to Single Security

In an effort to provide more liquidity and lower costs for borrowers, Freddie Mac has announced that it will begin issuing new 55-day “mirror” mortgage-backed securities. These securities will be available for the current population of exchange-eligible 45-day Freddie Mac ...

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Wells Fargo Settles Allegations of Fraud for $2.09B

Wells Fargo Bank—a subsidiary of Wells Fargo & Company—has reached a settlement with the United States, as represented by the Department of Justice (DOJ), to the total of $2.09 billion for allegations that the bank originated and sold residential mortgage ...

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Home Prices Remain High, Continue Yearly Growth

Home prices continued their steady year-over-year incline in May, reaching a price growth of 6.4 percent since May 2017, according to the most recent Case-Shiller Home Price Index from CoreLogic. Despite this, hopeful homebuyers still felt a modicum of relief, ...

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House-Flipping Hot Spots

home flipping

Even in a tough seller's market, there's money to be made in flipping houses. A new report looks at where renovation dollars provide the best ROI.

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