Tag Archives: Lenders & Servicers

American International Group (AIG) is making plans to move away from its savings and loan business and toward mortgage investment, CEO Bob Benmosche revealed in an interview with Reuters. The company's mortgage insurance subsidiary, United Guaranty Corporation (UGC), has seen steady growth after adopting a risk-based pricing strategy. However, Benmosche said AIG is interested in moving beyond mortgage insurance and is looking at ways to get involved more directly.

Two more banks have lost in their attempts to dismiss claims of misconduct in sale of mortgage-backed securities (MBS) to Fannie Mae and Freddie Mac. U.S. District Judge Denise Cote rejected motions filed by Goldman Sachs and Deutsche Bank, two of 16 defendants brought before her court by the Federal Housing Finance Agency (FHFA). Cote's rulings on both motions cite previous judgments made on similar arguments brought to her by JPMorgan Chase, Bank of America, and UBS--all of which also failed.

Lender Processing Services (LPS) recently introduced reInsight MLS, and Georgia MLS became the first to launch the new offering.

Nationwide Title Clearing (NTC) released a new white paper detailing a methodology for scoring a bank's trailing document process.

The National Association of Realtors (NAR) offered market projections into 2014 during a forum at the 2012 Realtors Conference and Expo.

Mortgage origination was up in the third quarter, and it looks like there's a little more room at the top.

Norcom Mortgage in Connecticut introduced to the world its newest member of the family. Angel Muniz Jr. joined the Norcom staff as a loan originator.

Williston Financial Group (WFG), the parent company of WFG National Title Insurance Company and WFG Title Insurance Company, announced it is extending its southern California presence with the acquisition of ITC Holdings, Inc., the parent of Investors Title Company.

Greystone, a leading national provider of multifamily and commercial mortgage loans, announced it is teaming up with The Bassuk Organization to form the Greystone Bassuk Group.

Prospect Mortgage, LLC hired an industry veteran to lead the company's plans to grow its lending and loan servicing capabilities. Amy Brandt was selected as president of correspondent lending and servicing. In her new role, Brandt will help build Prospect's national correspondent lending platform and develop its loan servicing potential.