RE/MAX COO Appointed as Co-CEO
RE/MAX Holdings, Inc. announced Tuesday the immediate appointment of COO Adam Contos to RE/MAX Co-CEO sharing responsibilities with Co-Founder and now Co-CEO Dave Liniger. The post RE/MAX COO Appointed as [...]
Liz Bryant Named to Lead Wells Fargo’s Retail Sales
Wells Fargo Home Lending announced that Liz Bryant will now lead the company’s retail sales organization reporting to Head of Mortgage Production, Michael DeVito. The post Liz Bryant Named to [...]
Lehman’s Brothers Holdings: 2.4 Billion Bankruptcy Offer Accepted
Fourteen investors announced Friday that trustees accepted the settlement offer from the Plan Administrator for Lehman Brothers Holdings Inc., a global financial services firm that declared bankruptcy in 2008. The [...]
Less Directive to Bank Boards as the Fed Steps Back
On Thursday, Federal Reserve Governor Jerome Powell went on record saying the Fed plans on reviewing some of what he believes are the more outdated rules mandated by the Dodd-Frank [...]
Poor Job Numbers Increase Odds of Rate Hike
The Department of Labor released its May 2017 Employment Situation Friday reporting changes in household and establishment survey data. Total nonfarm payroll employment increased, however unemployment rates were fairly stagnant. [...]
Ocwen Ratings to Remain Despite Sale
Fitch Ratings has opted to keep Ocwen Financial Corporation’s ratings as-is—both on its servicing and its bonds—despite the servicer’s recent MSR sale. Announced last month, Ocwen will sell its mortgage [...]
FHFA Sells Over 72,000 NPLs at a Gain of $14.2 Billion
The Federal Housing Finance Agency on Thursday released its third Enterprise Non-Performing Loan Sales Report, which lists all the sales of all non-performing loans from Freddie Mac and Fannie Mae [...]
Secretary Carson Makes Rounds During Homeownership Month
HUD Secretary Ben Carson is preparing for a big June as he kicks off the newly proclaimed National Homeownership Month with a forum at his own agency today. He’ll also [...]
Affordability Gap Especially Rough for Minorities
Median earners in the top U.S. markets are getting almost fully priced out. A new study by Redfin shows an increasing affordability gap that is even further exaggerated by ethnicity. [...]