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2021 MMI Report: Reverse mortgage portfolio hits positive territory for first time since 2015

Housing Wire

The financial performance of the HECM portfolio has improved in each of the last three years and is now positive for the first time since FY 2015,” FHA’s Annual Report to Congress reads. The post 2021 MMI Report: Reverse mortgage portfolio hits positive territory for first time since 2015 appeared first on HousingWire.

Mortgage 388
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Erbey back as chairman of Altisource Asset Management Corp.

Housing Wire

The company appointed Erbey to the role of CEO in late December and the board of directors also appointed him as its Chairman, a position he held from March 2012 to January 2015. Erbey served as the executive chairman of the board of directors of Ocwen from 1996 to 2015.

Business 441
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Pending home sales fall to lowest level since 2015, new data shows

Inman

Pending home sales dropped 32 percent annually during the four-week period ending Jan. 1, with the biggest drop-offs recorded in markets that took off during the pandemic, according to Redfin.

Marketing 147
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Rocket adds AI and fintech expert to newly created board of director position

Housing Wire

Rampell currently serves as general partner at Andreessen Horowitz , where he has focused on financial services since October 2015. TrialPay was acquired by Visa in 2015. He also serves on the board of several Andreessen Horowitz portfolio companies and has led several of the firm’s investments.

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Xome names industry vet Mike Jansta COO

Housing Wire

Founded in 2015 as an indirect wholly owned subsidiary of Mr. Cooper Group , Xome is a real estate marketplace that serves mortgage servicers, originators, real estate professionals, financial institutions and homebuyers and sellers.

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Cenlar appoints David Schneider as president

Housing Wire

Mezzasalma joined Cenlar in 2015 as vice president and chief accounting officer. Prior to joining Cenlar in July 2023, Schneider held other executive leadership positions at mortgage companies such as Ditech, Vericrest, Washington Mutual Home Loans, CitiMortgage and Blackstone-backed Stearns Lending.

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Patriot Bank denies DoJ redlining allegations, settles for $1.9M

Inman

Government alleges competitors in Patriot's peer group made home loans in minority areas of Memphis at almost three times the rate of Patriot from 2015 to at least 2020.