Despite repeated denials to HousingWire, Wingspan has made the news of Steve Horne's exit as president and CEO official, and named Jason Spooner, Wingspan’s executive vice president of national operations, as the company’s new president. According to Wingspan, Horne has been moved to a senior advisor position.
Dimont & Associates, which was acquired by Wingspan Portfolio Advisors in May 2013, announced Thursday that it terminated its relationship with Wingspan, as a result of "recapitalization by existing institutional investors including THL Credit."
The MBA conference offers a variety of interesting, smart and funny (Michael Lewis!) speakers, but my favorite presentation so far has been the Hall of Honors, where the MBA recognizes companies in our industry who give assistance to military veterans and their families.
The impact of Bank of America's $16.65 billion settlement is beginning to be seen in the mortgage industry. The settlement will affect more than just the bank, the aggrieved homeowners and the government. It isn’t just the big banks that feel the pain of these settlements. It affects everyone.
Sources tell HousingWire that Wingspan also laid off dozens of employees at its Melbourne, Florida location last week. As with the Monroe layoffs, the Melbourne employees were reportedly told they were being “furloughed” by the company and could potentially be rehired if Wingspan acquires more business.
The Monroe News-Star reports that it spoke to five people who were laid off last week by Wingspan. They told the News-Star that Wingspan told them they were “furloughed” and could potentially be rehired if the company secures more business.
There is one distinct moment in recent memory when everything was going to be just fine. On an early morning, back in April 2013, the smallest of miracles happened on the economic front. This singular event would lead to calls that the developed world’s ability to do business, with all of its multitudinous complexities, was on the road to a recovery, maybe this time, finally, forever..
With this year's 15 for 15, we're profiling 15 companies who are well positioned to take on the challenges of 2015. The companies occupy different roles within the housing finance space — from lenders to servicers to technology providers — but they all share a vision for an outsized impact in the year ahead. Read More
Regulation and compliance — these words have been at the forefront of the mortgage industry in the past year or so. As we prepare to enter 2015, focusing on compliance and new and constantly changing regulations will remain the industry’s focus. Read More