Servicing

First Financial Bancorp is now serving the Fort Wayne, Indiana, market following the company's hiring of commercial and residential mortgage teams in the area.

In Virginia, Genworth Financial, Inc., announced the hiring of Lori M. Evangel as EVP and chief risk officer.

NewOak announced the appointment of Neil McPherson as head of business development. McPherson, who was part of the original business development team when NewOak launched in 2008, returns to the firm with responsibility for coordinating NewOak├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós client development efforts across all its business lines: valuation and risk advisory, litigation consulting and dispute resolution, mortgage credit services, and financial technology solutions.

Richard Koch, SVP at Morningstar Credit Ratings, sat down with Mortgage Markets Today to discuss how regulations issued by the CFPB will impact servicers in 2014.

Michael Cannatti, a nearly 40-year veteran of the housing finance industry, has joined Mortgage Master as Texas Regional Manager, the super-regional mortgage bank announced.

Effective January 1, Ken P. Wilson, MAI, SRA, will take over as president of the Appraisal Institute, the group announced.

Now, as mortgage servicers prepare for the January 2014 effective date for complying with the CFPB's new rules for servicers, rest assured that the devil remains in the details.

As part of our look back on 2013, theMReport.com reviewed some of the biggest wheelers and dealers in the MSR world over the last year.

Mortgage industry commentators may argue (and they certainly have) about the Consumer Financial Protection Bureau's (CFPB) performance over the last year, but one thing is certain: The bureau knows how to command headlines. Early this year, CFPB finally issued its long awaited Qualified Mortgage (QM) guidelines along with a slew of other finance regulations. With the future of housing finance on the line, it's no wonder readers of theMReport.com couldn't tear themselves away from the news.

In Texas, Wingspan Portfolio Advisors hired Aaron Luburich to take the newly created position of SVP for business development.