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Rocket Companies CEO Jay Farner to retire

Housing Wire

“Since being appointed CEO of Rocket Mortgage in 2017, and subsequently CEO of Rocket Companies in connection with the August 2020 IPO, Jay has overseen the most rapid period of growth and profitability in our 37-year history,” Dan Gilbert, founder and chairman of Rocket, said in a statement.

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First National Bank of Pennsylvania settles redlining case for $13.5M

Housing Wire

FNB was involved in the case as a successor in interest of Yadkin Bank , which it acquired in 2017. The complaint alleges that, from 2017 through 2021, FNB failed to provide mortgage services to predominantly Black and Hispanic neighborhoods in Charlotte and Winston-Salem, North Carolina.

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Compass snags two Chicago-based @properties brokers

Housing Wire

She ranked among the top 1% of Chicago Realtors in 2017 and is also a past president of the Women’s Council of Realtors. Compass joined the Chicago market in 2017 and has since grown to 22 offices and over 1,600 licensed agents, the company said. Dobbs, on the other hand, has nearly four decades of experience.

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RealTrends 500: Compass, eXp take top honors in 5-year movers by sales volume

Housing Wire

Compass once again comes out on top in the 2022 RealTrends 500 brokerage rankings , with a $237 billion increase in sales volume over the last five years — 2017-2021, ranking No. This ranking shows the firms that had the largest increase in sales volume between 2017 and 2021. 1 of the Top 5-Year Movers by Sales Volume.

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Ginnie Mae warns issuer partners about faster prepayments

Housing Wire

In a prior All Participants Memorandum (APM) issued in December 2017 , Ginnie Mae described how it monitors prepayments in its MBS programs. Ginnie Mae is able to identify issuers with unusually fast prepayment rates through operational performance metrics,” the APM said.

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CFPB sues TransUnion for duping consumers with “dark patterns”

Housing Wire

In a lawsuit, the CFPB claims that TransUnion and subsidiary TransUnion Interactive, as well as John Danaher, executive vice president for the division until February 2022, misled consumers and flouted a 2017 consent order with the CFPB for the same practices “the day it went into effect.”. Presented by: Black Knight.

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NEXA Mortgage co-founders are splitting

Housing Wire

NEXA was founded in 2017 after Kortas and Grella left Equity Prime Mortgage. Roughly 1,845 were considered “active” by Modex. Affiliated companies include AXEN Mortgage , a non-delegated correspondent shop, as well as a charter flight business.

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