Servicing

From HW Magazine

2018 HW Vanguard: Ali Vafai

The Money Source president
Ali Vafai believes that when developing technology, you must put yourself in the end-user’s shoes and imagine their experience first.
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From HW Magazine

2018 HW Vanguard: Tony Ebers

Mr. Cooper chief operating officer
It was a year of big changes for Mr. Cooper, the nonbank formerly known as Nationstar Mortgage, and Tony Ebers was right at the middle of it all.
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From HW Magazine

2018 HW Vanguard: Kevin Brungardt

RoundPoint Mortgage Servicing CEO
As CEO, Kevin Brungardt has guided RoundPoint Mortgage Servicing Corp. into a berth among the top 15 nonbank servicing companies in the U.S.
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From HW Magazine

2018 HW Vanguard: Min Alexander

Auction.com chief operations officer
When Min Alexander took on the role of COO at Auction.com in April 2018, she gained a team of 800 under her management. But with degrees from Duke and MIT, Alexander was ready for the challenge.
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Senate votes to advance Kathy Kraninger as next CFPB director

Kraninger's confirmation nearly complete
Voting along party lines, the Senate voted Thursday to close the debate and move forward with the nomination of Kathy Kraninger to serve as director of the Consumer Financial Protection Bureau. The procedural vote sets up an official confirmation vote, which should occur in the next few days.
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Trulia: Here’s what will happen in housing in 2019

Mortgage rates will hit 10-year high
It’s the trillion-dollar question that everyone’s looking for an answer for. What’s housing going to do next year? A new survey and forecast from Trulia shows that people want to buy a house, but they may not be able to afford it right now thanks to a combination of rising rates and rising home prices. The bad news is that it’s likely only going to get worse in 2019.
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Former head of FHA and MBA David Stevens blasts reverse mortgages

Suggests fixes to curtail "outrageous profits" and "predatory sales approach"
David Stevens isn’t a fan of reverse mortgages, and he’s not afraid to say it. The former FHA commissioner and recently retired president and CEO of the MBA posted a comment about HECMs on LinkedIn that got people talking. "Brian Montgomery is trying to fix the abuse," he said, "but the product is the one that kept me awake at night when I was there." We reached out to Stevens to talk more about his issues with the program and his suggestions for fixing them.
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Ocwen names first chief growth officer, new risk and compliance officer

Two new leadership appointments intended to bring "a return to growth and profitability"
Ocwen Financial named Timothy Yanoti executive vice president and chief growth officer and Al Celini senior vice president, chief risk and compliance officer. The company said the additions to its leadership team are part of its effort transform into a stronger, more efficient company and to usher in a return to profitability after posting sizable losses in the last two years.
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Black Knight paying $375 million to help buy Dun & Bradstreet

Joins CC Capital, Cannae Holdings, Thomas H. Lee Partners in buying D&B
Black Knight CEO Anthony Jabbour is about to have a new job, but he’s not leaving the growing financial technology giant. Rather, he’s tacking a new job title onto his existing responsibilities – running Dun & Bradstreet. The move is part of recently announced buyout of Dun & Bradstreet, which will see the company purchased for $5.38 billion in cash and taken private by a group of investors, including CC Capital, Cannae Holdings, and Thomas H. Lee Partners.
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Ginnie Mae issues new rules for servicers and issuers

New rules designed to provide more security to MBS market
Aiming to provide more stability and integrity to the mortgage-backed securities market, Ginnie Mae on Friday released a number of new rules for mortgage servicers and issues of Ginnie Mae securities. Click through for the full details.
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