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Tag Archives: Fifth Third Mortgage Company

Fifth Third Promotes Van Dyke to Lead Mortgage Operations

Van Dyke joined Fifth Third in 2001 through the company's acquisition of Old Kent Bank, where her duties included serving as SVP and manager of the Central U.S. Mortgage region and president of the Illinois bank. Since joining Fifth Third, she has served as regional president for the Michigan affiliates, also taking responsibility for the St. Louis, Indiana, and Ohio affiliates.

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SEC Charges Fifth Third and Exec for Improper Loan-Loss Accounting

The Securities and Exchange Commission (SEC) charged the holding company of Fifth Third Bank and its former CFO with improper accounting of commercial real estate loans during the financial crisis. Fifth Third will pay $6.5 million to settle the charges. Former CFO Daniel Poston must pay a $100,000 penalty and has been suspended from practicing as an accountant for any publicly traded or SEC-regulated company.

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M&T Bank Takes Action to Help Unemployed Borrowers

Who ever heard of banks helping their unemployed borrowers find jobs? Though it may be hard to believe, this concept is becoming a reality thanks to a company in Bend, Oregon. Realizing that job loss in the current economy is the major reason homeowners default on their mortgages, management of M&T Bank announced they'll be offering a pilot program of the company's services to their unemployed borrowers at no cost.

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Fifth Third Bank Takes Top Spot for Servicing Performance

Fifth Third Bank outshined all other servicers in Fannie Mae's Servicer Total Achievement and Rewards (STAR) Program in 2011. The bank came closer than any other bank to receiving four out of five available stars for performance in foreclosure prevention. A five star rating ""represents superior performance wherein the servicer is meeting or exceeding Fannie Mae's targets,"" according to Fannie Mae.

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Fifth Third Mortgage Company’s Servicing Portfolio Tops $65 Billion

Fifth Third Mortgage Company, a subsidiary of Fifth Third Bank headquartered in Cincinnati, recently broke $65 billion in terms of its total servicing portfolio for the first time in company history. The company, which services more than 477,000 customers in 12 states, works with customers to refinance homes through the Making Home Affordable program, as well as the Freddie Mac Relief Refinance Mortgage program.

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