The Key to Reducing Post-Refi Boom Borrower Churn

In this webinar, PRMG Chief Lending Officer Kevin Peranio will help attendees sort through the right technologies as he shares the tech investments that have had the biggest impact on his business.

Tracey Velt breaks down the latest RealTrends 500 rankings

During the episode, Velt highlights which brokerages achieved top rankings in both categories for 2020, and shares what stood out to her the most about the rankings.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

About 7M refi candidates missed the “forever rate” boat

Rates jumped to 3.17% last week and Black Knight reported that there are now just 11.1 million “high quality” refi candidates. The smallest number of potential refi candidates in a year.

Mortgage

Flagstar suspends its relationship with AIME over Chairman Anthony Casa’s “abusive language and personal attacks”

Affirms its commitment to harassment-free environment

Flagstar Bank told HousingWire Monday that it is suspending its relationship with the Association of Independent Mortgage Experts over the lewd and sexist comments made by its chairman, Anthony Casa.

“We want to respond to the recent statements highlighted in the news by the chairman of AIME,” a spokesperson for Flagstar said. “While we strongly support the broker community and the vision and purpose of AIME, we do not in any way support the recent public words and behavior of its chairman.”

Over the July 4 holiday, Casa sent a video to Quicken Loans Vice President Austin Niemiec in which he made comments of a sexual nature about Niemiec’s wife. These videos were then circulated by Casa to prominent mortgage industry executives. Niemiec’s wife, Theresa Niemiec, filed a lawsuit against Casa for defamation.

Many wholesale lenders known for their support of AIME such as United Wholesale Mortgage and AFR Wholesale condemned Casa’s remarks, but say they will continue to support the association. Caliber Home Loans condemned Casa’s remarks but was silent on its future support of the association.

Flagstar, however, announced it is suspending all ties with AIME.

“As a company, Flagstar Bank is committed to treating its employees with respect and creating an environment that is free of the kind of harassment, abusive language and personal attacks made by the chairman of AIME,” a spokesperson said. “We expect no less of our business partners. That is why we are taking the step of suspending all relationships with the organization at this time. Again, this action does not reflect on AIME as an organization.”

After HousingWire published an article on the lawsuit filed against Casa, he responded with a new video on LinkedIn issuing a full apology.

Leave a comment

Most Popular Articles

Millions will enter housing market in 2021: Zillow

Up to 2.5 million households could enter the housing market in 2021, per Zillow. The buyers will descend on the “secondary cities” across the U.S.

Apr 07, 2021 By

Latest Articles

William Raveis ain’t no stinkin’ iBuyer

Like others, resi brokerage & lender William Raveis is happy to buy your home. But its new program doesn’t mean it’s an iBuyer.

Apr 09, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please