Housing Wire
SEPTEMBER 21, 2021
This is up considerably from 2016, when the last report was published. “A Regional sales managers, general sales managers and office sales managers have a much higher variable compensation — earning bonuses and benefits — than they did when RealTrends published this report in 2016. Breaking down the numbers.
Housing Wire
DECEMBER 9, 2020
The bank will pay a $200,000 fine for reporting inaccurate HMDA data in 2016 and 2017 — with error rates up to 40% in some cases, according to the CFPB. Washington Federal reported HMDA data for over 7,000 mortgage applications in each of 2016 and 2017, many of which contained data error rates reaching nearly 40%.
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Housing Wire
SEPTEMBER 27, 2023
In this case, the alleged redlining occurred from 2016 through at least 2021, when the bank failed to open a branch in majority-Black and Hispanic neighborhoods. The DOJ alleges that the bank also failed to train and incentivize its staff to market and advertise its mortgage services to compensate for its lack of presence in these areas.
Housing Wire
OCTOBER 28, 2022
Stallings and Paul Abraham, who have been at the firm about a decade, and Michael Stallings, who joined in 2016. The new division executives include Gus Lobo who joined the company since its inception in 2002 and now leads 200 employees, including 136 MLOs across 37 branch locations and also focus on recruitment and training.
Housing Wire
NOVEMBER 18, 2021
That gravy train, however, is expected to slow down some as we turn the corner into 2022 — with rising interest rates, spiking home prices and the expanding reach of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac serving as the brakes. And the elephant in the room is interest rates.
Housing Wire
NOVEMBER 28, 2022
billion, far higher than the $360 million in claimed losses recorded in 2016. As the FBI looks to counter BEC and wire fraud threats, it says that it is working on providing “comprehensive training to FBI agents, analysts, and support staff focused on BEC schemes and money mules.”
Housing Wire
MAY 2, 2022
The company reduced its origination to $2 billion in 2016 before shutting down altogether in 2017. Interfirst boasted of its ability to train people with no background in mortgage through a rigorous training course. In 2012, the historically low interest rates led to a boom in refinances, and the lender grew to $14.5
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