Housing Wire
AUGUST 10, 2022
Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Donovan Stamps, a 27-year mortgage veteran with stints at Stearns Lending , SoFi Mortgage , First Guaranty Mortgage Corp. The post Lone Peak Lending joins Panorama Mortgage Group appeared first on HousingWire.
Housing Wire
MAY 8, 2024
PMG offers platforms for human resources, finance, technology , legal and compliance services to its group of lenders. Founded in 2007 in Las Vegas , Panorama originated from Alterra Home Loans , which carved out a niche by catering to first-time Hispanic homebuyers. In 2022 , it added Lone Peak Lending.
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Housing Wire
FEBRUARY 14, 2022
Heidi brings deep expertise in areas across the legal spectrum, including in mortgage lending, servicing, credit access and regulatory matters, among others,” said Michael DeVito, CEO of Freddie Mac. “I Weiss was the fifth-highest earning named executive officer at Freddie Mac in 2021, with a total compensation of $2.3
Housing Wire
AUGUST 30, 2023
Sculptor also said in the letter sent on Tuesday that Och and the other shareholders have requested millions of dollars in cash for legal expenses incurred during the process of being acquired by Rithm Capital. Och and shareholders also requested a prepayment related to a tax agreement tied to the company’s IPO in 2007.
Housing Wire
OCTOBER 23, 2020
Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.
Housing Wire
OCTOBER 2, 2020
In the fallout of the housing collapse of 2007- 2009, the U.S. It grew from that point forward as the vacuum in lending enlarged as many large banks and other lenders failed — and those that survived reduced their footprint in mortgages. Nonbanks do not set the rules of lending. They sell all of their loans to investors.
Housing Wire
SEPTEMBER 28, 2023
From 2007 through mid-2013, approximately 5.5 The mortgage lending industry exists to make home loans, not to repossess them. This won’t just protect against legal or regulatory risk. Yet, we’re going to soon find out who’s heeding the lessons taught by the last foreclosure wave. Nor should it be.
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