Mortgage loan subservicer adds former SVP at Mr. Cooper Ingrid Jaschok tapped to oversee all business segments within Cenlar’s default servicing portfolio.
Read More »Eyes on the Horizon
As we approach a new year, MortgagePoint took the temperature of industry experts to see what lies ahead for a market that trudged through 2023 hampered by the convergence of rates reaching 20-year highs, a shortage of housing inventory, and inflated home values.
Read More »FDIC Takes Over Fifth U.S. Bank of 2023
Due to financial instability, Sac City, Iowa-based Citizens Bank has been placed in receivership by the FDIC, marking the fifth U.S. bank failure reported this year.
Read More »Recognizing the Future Leadership of the Mortgage Industry
Meet the finalists for the upcoming Rising Star Executive Award, part of the 2023 Women in Housing Awards, as the Five Star Institute honors young women leaders who have demonstrated an outstanding capability to lead and drive progress.
Read More »Five Star Institute Names 2023 Women in Housing Award Finalists
Five Star’s Annual Women in Housing Leadership Awards recognize the achievements of businesswomen whose contributions will continue to impact the housing and mortgage servicing industry for years to come.
Read More »CMG Financial Names Courtney Thompson EVP, Head of Servicing
Former Sagent and Flagstar executive brings nearly 20 years of industry experience to her new servicing role in building long-term trust with CMG’s clients.
Read More »The Week Ahead: Examining the Anatomy of a Banking Failure
The FHFA will host a hybrid hearing of the Appraisal Subcommittee exploring the appraisal regulatory system focusing on appraisal standards, appraiser qualification criteria, and barriers to entry into the profession.
Read More »First Citizens Reaches Agreement With FDIC to Acquire SVB
FDIC turns ownership of Silicon Valley Bridge Bank over to First Citizens Bank & Trust Company in a deal that includes the purchase of approximately $72 billion of Silicon Valley Bridge Bank’s assets at a discount of $16.5 billion.
Read More »Flagstar Bank Acquires Certain Assets From Signature Bridge Bank
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 »The Week Ahead: Servicers Advancing Tech Offerings
An upcoming Five Star-led webinar will discuss how to expedite a mortgage servicing technology project, from approval to execution, in a 90-day timeframe.
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