Archive for 'Boston Condos'

Former LandCastle Title CEO Nat Hardwick found guilty of embezzling $26 million

Posted 20 October 2018 | By | Categories: Boston Condos | No Comments

Nathan (Nat) Hardwick, the former chief executive officer of LandCastle Title and former managing partner of Morris Hardwick Schneider, was found guilty late last week of embezzling more than $25 million from his former companies, bringing an end to a massive scandal that destroyed a prominent real estate firm and left hundreds of people without a job. https://www.housingwire.com/articles/47155-former-landcastle-title-ceo-nat-hardwick-found-guilty-of-embezzling-26-millionRead More

Class Appraisal names Gary Ferguson as its new CTO

Posted 20 October 2018 | By | Categories: Boston Condos | No Comments

Class Appraisal named Gary Ferguson as its chief technology officer to spearhead its pursuit of tech solutions. Ferguson has 20 years of experience in enterprise application development and has spent most of his career in the mortgage industry. Prior to joining Class Appraisal, Ferguson was CTO at Centric Technology Solutions. https://www.housingwire.com/articles/47158-class-appraisal-names-gary-ferguson-as-its-new-ctoRead More

Goldman Sachs honors Better Mortgage CEO Vishal Garg

Posted 20 October 2018 | By | Categories: Boston Condos | No Comments

Goldman Sachs recently recognized Better Mortgage Founder and CEO Vishal Garg on its 100 Most Intriguing Entrepreneurs 2018 list, highlighting his efforts in the housing sector. Garg said Better Mortgage considers the recognition to be a testament to the success of the company’s larger mission. https://www.housingwire.com/articles/47157-goldman-sachs-honors-better-mortgage-ceo-vishal-gargRead More

Warren urges Fed to remove Wells Fargo CEO

Posted 20 October 2018 | By | Categories: Boston Condos | No Comments

Sen. Elizabeth Warren is urging the Federal Reserve to require the removal of Wells Fargo CEO Tim Sloan if the bank wants to grow. Warren sent a letter to Fed Chair Jerome Powell asking him to not allow the embattled megabank to grow in size until it replaces Sloan. In her letter, Warren said Sloan is “deeply implicated” in the bank’s prior misconduct. https://www.housingwire.com/articles/47156-warren-urges-fed-to-remove-wells-fargo-ceoRead More

CBCInnovis announces partnership with Floify

Posted 20 October 2018 | By | Categories: Boston Condos | No Comments

CBCInnovis recently announced it will utilize Floify’s point-of-sale technology to facilitate the processing of its credit reports. FloifyCEO Dave Sims said the credit reporting integration has created a comprehensive and seamless loan process. https://www.housingwire.com/articles/47164-cbcinnovis-announces-partnership-with-floifyRead More

Washington Post: Trump administration backtracks on curious HUD staffer move

Posted 20 October 2018 | By | Categories: Boston Condos | No Comments

On Wednesday, it was initially reported that HUD’s Assistant Secretary for the Office of Administration Suzanne Israel Tufts was moving to the Interior Department to serve as acting inspector general overseeing four investigations into Secretary Ryan Zinke’s conduct. However, as of Thursday, that’s now a different story. https://www.housingwire.com/articles/47163-washington-post-trump-administration-backtracks-on-curious-hud-staffer-moveRead More

Vacation rental management company Vacasa raises $64 million

Posted 20 October 2018 | By | Categories: Boston Condos | No Comments

Vacasa, which bills itself as the “largest vacation rental company” in North America, recently raised $64 million to power its future growth. According to the company, despite its size, the company only represents 2% of the total vacation rental market. And it views that as a big opportunity moving forward. https://www.housingwire.com/articles/47162-vacation-rental-management-company-vacasa-raises-64-millionRead More

Latest reverse mortgage data points to continued recovery

Posted 20 October 2018 | By | Categories: Boston Condos | No Comments

For the first time since the last year’s program changes kicked in, the HECM industry saw growth in both its retail and wholesale channels, according to the latest report from Reverse Market Insight. RMI President John Lunde said the data “sets the stage for future growth and recovery.” https://www.housingwire.com/articles/47159-latest-reverse-mortgage-data-points-to-continued-recoveryRead More

Navy Federal Credit Union names Mary McDuffie president and CEO

Posted 20 October 2018 | By | Categories: Boston Condos | No Comments

Navy Federal Credit Union is about to have a new leader. The world’s largest credit union announced Thursday that it is promoting Mary McDuffie to serve as its new president and CEO. Previously, McDuffie served as the credit union’s chief operating officer. https://www.housingwire.com/articles/47165-navy-federal-credit-union-names-mary-mcduffie-president-and-ceoRead More

Nomura paying $480 million in settlement over pre-crisis mortgage bonds

Posted 19 October 2018 | By | Categories: Boston Condos | No Comments

Nomura Holding America and several of its affiliates will pay $480 million in a settlement with the Department of Justice over the companies’ mortgage bond activities in the run-up to the financial crisis. The DOJ claimed that Nomura misled investors, which included university endowments, retirement funds, federally insured financial institutions, Fannie Mae, and Freddie Mac, about the quality of the underlying loans between 2006 and 2007. https://www.housingwire.com/articles/47149-nomura-paying-480-million-in-settlement-over-pre-crisis-mortgage-bondsRead More

Debt-saddled consumers would give up social media, pets for financial relief

Posted 19 October 2018 | By | Categories: Boston Condos | No Comments

Consumer credit card debt hit a record high of $1 trillion in early 2018, and on the rise, too, is Americans’ struggle to climb their way out. Financial stress is affecting not only relationships, but sleep as well as our day-to-day lives. It seems impossible to escape as people struggle to make payments and fall further into a tailspin of compounding interest. https://www.housingwire.com/blogs/1-rewired/post/47151-debt-saddled-consumers-would-give-up-social-media-pets-for-financial-reliefRead More

BofA CEO is totally fine with a shrinking mortgage market

Posted 19 October 2018 | By | Categories: Boston Condos | No Comments

Bank of America’s latest Homebuyer Insights Report reveals that Millennials are now prioritizing homeownership above other life milestones, including marriage and having children. But that doesn’t mean the bank’s CEO is in a rush to give them a mortgage. https://www.housingwire.com/articles/47143-bofa-ceo-is-totally-fine-with-a-shrinking-mortgage-marketRead More

Zillow's Amy Bohutinsky to step down from COO role, joins board of directors

Posted 19 October 2018 | By | Categories: Boston Condos | No Comments

Zillow announced that one of its longtime team members, Chief Operating Officer Amy Bohutinsky, will be stepping down from her role at the end of the year and has been selected to join the company’s board of directors. https://www.housingwire.com/articles/47150-zillows-amy-bohutinsky-to-step-down-from-coo-role-joins-board-of-directorsRead More

Wells Fargo, Bank of America reveal true impact of digital mortgages

Posted 18 October 2018 | By | Categories: Boston Condos | No Comments

Both Wells Fargo and Bank of America rolled out digital mortgage applications this year, and the megabanks revealed Tuesday just how much the programs are already being utilized by mortgage applicants. Hint: A lot. Click the headline to find out just how many. https://www.housingwire.com/articles/47134-wells-fargo-bank-of-america-reveal-true-impact-of-digital-mortgagesRead More

DocuSign announces new digital solution

Posted 18 October 2018 | By | Categories: Boston Condos | No Comments

DocuSign recently announced plans to enter its latest solution, Rooms for Mortgage, into beta testing later this month. DocuSign Global Real Estate Solutions General Manager Georg Gerstenfeld said Rooms for Mortgage is a major step forward for the digital mortgage. https://www.housingwire.com/articles/47137-docusign-announces-new-digital-solutionRead More

Women are not represented well in media, Geena Davis tells MBA Annual audience

Posted 18 October 2018 | By | Categories: Boston Condos | No Comments

Academy Award-winning actress Geena Davis delivered a hard truth for women during an address to the Mortgage Bankers Association’s Annual convention on Tuesday: Women are not represented well in media. https://www.housingwire.com/articles/47135-women-are-not-represented-well-in-media-geena-davis-tells-mba-annual-audienceRead More

MBA Annual Alert: Mick Mulvaney talks CFPB reform, the future and baseball

Posted 17 October 2018 | By | Categories: Boston Condos | No Comments

At MBA Annual, Mulvaney touched on everything from the Deep State and CFPB reform to baseball and his goals for the bureau. Here are some of the highlights. https://www.housingwire.com/articles/47123-mba-annual-alert-mick-mulvaney-talks-cfpb-reform-the-future-and-baseballRead More

Wells Fargo protestors disrupt MBA Annual 2018

Posted 17 October 2018 | By | Categories: Boston Condos | No Comments

A relatively quiet day at the Mortgage Bankers Association’s annual convention was disrupted by dozens of Wells Fargo protestors for nearly 10 minutes on late Monday afternoon. The protestors were shouting chants accusing the bank of predatory lending practices, chanting “Where’s Wells Fargo? Show your face!” and calling the bank “thieves.” https://www.housingwire.com/articles/47125-wells-fargo-protestors-disrupt-mba-annual-2018Read More

FHA Commissioner Brian Montgomery hints at issues in FHA appraisals

Posted 17 October 2018 | By | Categories: Boston Condos | No Comments

The FHA has already identified issues in appraisals on reverse mortgages and is taking steps to address the problem. But now, FHA Commissioner Brian Montgomery told the crowd at the Mortgage Bankers Association 2018 Annual Conference in Washington, D.C., on Monday that the FHA is seeing some things in forward appraisals that give him “pause.” https://www.housingwire.com/articles/47124-fha-commissioner-brian-montgomery-hints-at-issues-in-fha-appraisalsRead More

Monday Morning Cup of Coffee: Everything on offer at MBA annual

Posted 16 October 2018 | By | Categories: Boston Condos | No Comments

HousingWire is getting its fair share of oh-so important news being released during this week’s annual meeting of the minds at the MBA annual. Here’s just the good stuff. https://www.housingwire.com/blogs/1-rewired/post/47112-monday-morning-cup-ofcoffee-everything-on-offer-at-mba-annualRead More

BRAWL founder thanks brokers, lenders that made movement a hit

Posted 15 October 2018 | By | Categories: Boston Condos | No Comments

BRAWL has given mortgage brokers a real voice in the industry – one that can’t be ignored. The movement sparked meaningful change that has helped mortgage brokers grow their business. It started professional dialogue between brokers and wholesale lenders that, in many cases, has led to mutually beneficial solutions and working partnerships that are stronger than they were previously. https://www.housingwire.com/articles/47102-brawl-founder-thanks-brokers-lenders-that-made-movement-a-hitRead More

Here are the top 10 reverse mortgage lenders

Posted 14 October 2018 | By | Categories: Boston Condos | No Comments

The reverse mortgage industry has taken a bit of a beating in the past year following significant program changes from HUD, but HECM lenders are nothing if not resilient. We’ve compiled a list of the top 10 players in the space and a summary of the approach each has taken to stay afloat in the current climate. https://www.housingwire.com/articles/47109-here-are-the-top-10-reverse-mortgage-lendersRead More

Trulia: Home price cuts reach 4-year high

Posted 14 October 2018 | By | Categories: Boston Condos | No Comments

The latest data from Trulia reveals that U.S. listings with a price cut increased to the highest level since 2014. Trulia Housing Economist Felipe Chacon said buyers should be encouraged by the signals in the market, however not every buyer will benefit equally. https://www.housingwire.com/articles/47108-trulia-home-price-cuts-reach-4-year-highRead More

Uber co-founder's real estate tech company Haus hires new CEO

Posted 13 October 2018 | By | Categories: Boston Condos | No Comments

Haus, Uber Co-Founder Garrett Camp’s real estate tech company, hired Jonathan McNulty as its new chief executive officer. Along with McNulty’s addition to Haus’ C-suite, Haus is launching a new digital platform to help homebuyers and sellers go through the real estate process on their own for free. https://www.housingwire.com/articles/47100-uber-co-founders-real-estate-tech-company-haus-hires-new-ceoRead More

The Home Builders Institute appoints new president and chief executive officer

Posted 13 October 2018 | By | Categories: Boston Condos | No Comments

The Home Builders Institute recently announced it appointed former chairman of the National Association of Homebuilders Ed Brady as president and chief executive officer of the organization. NAHB Chairman Randy Noel said Brady is the perfect person for the job. https://www.housingwire.com/articles/47099-the-home-builders-institute-appoints-new-president-and-chief-executive-officerRead More