Items Tagged with 'Freedom Mortgage'


  • Lenders One appoints new company president

    Brian Simon has over 30 years of experience in mortgage banking
    Lenders One Cooperative recently announced Brian Simon has joined the company as president. Simon said he's extremely excited to join Lenders One at a very important time in the mortgage industry.
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  • Ginnie Mae hits loanDepot with VA mortgage restrictions

    Ginnie's crackdown on loan churning continues
    Beginning February 1, loanDepot will be restricted from including its Department of Veterans Affairs single-family loans in the Ginnie Mae guarantee pools. The action comes as part of Ginnie Mae's continuing effort to control loan churning among VA loans. loanDepot said it will comply, though it disagrees with the action. Read for more details.
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  • NAMB announces availability of NAMB All-In

    Origination system created specifically for mortgage brokers
    The National Association of Mortgage Brokers recently announced the availability of its a point-of-sale, cloud-based origination system NAMB All-In. NAMB Board President Richard Bettencourt said the organization is overwhelmed by the outpouring of support for the product.
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  • What’s the right strategy for growing a mortgage business in the midst of a downturn?

    Freedom Mortgage’s Stanley Middleman offers advice on the current market
    It’s not easy being a lender in this market. With origination volume down and margins compressed, consolidation among mortgage companies is expected to continue, and even increase. But according to Stanley Middleman, president and CEO of Freedom Mortgage, current market conditions also present a real opportunity.
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  • Inc. Magazine names fastest-growing mortgage companies

    Heavy hitters in the housing space make the Inc. 5000 list
    Inc. Magazine has announced the winners of its 37th annual Inc. 5000, ranking the nation’s fastest-growing private companies. Several notable names in the housing space made the list this year, earning recognition for their growth over the last three years.
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  • Lenders react to removal from Ginnie Mae VA loan programs

    Responses couldn’t be more opposite
    Friday evening, Ginnie Mae announced it was booting several lenders from its Department of Veterans Affairs securities programs. Now, lenders are reacting, but their responses couldn’t be more opposite. While one lender is commending Ginnie Mae’s actions, while another stands firmly against them.
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  • Ginnie Mae boots 3 VA lenders from mortgage bond programs

    Continues crackdown of VA loan churning
    Ginnie Mae announced late Friday that it is booting three VA mortgage lenders from its main securities programs. All three issuers are restricted from including VA single family guaranteed loans in Ginnie Mae I securities or Ginnie Mae II multi-issuer securities. Click the headline to find out which three lenders got the boot.
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  • From HW Magazine

    2017 HW Insiders: Maria Gallucci

    Executive Vice President of Funding at Freedom Mortgage
    EVP of Funding Maria Gallucci is one of Freedom Mortgage's first employees, has been instrumental to the company's operations and support services and is responsible for funding and coordinating the customer experience in the closing of wholesale loans. 
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  • New York Community Bank selling mortgage business to Freedom Mortgage, Cerberus

    Selling off assets acquired as part of 2009 rescue of AmTrust Bank
    New York Community Bank is getting out of the mortgage business – sort of. The bank announced Tuesday that it is selling its mortgage banking business, including its origination and servicing platforms, and the bank’s mortgage servicing rights portfolio, to Freedom Mortgage. But NYCB isn’t exiting the mortgage business entirely.
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  • Freedom Mortgage acquires Sterling National Bank mortgage lending business

    Expands presence in New York
    Freedom Mortgage Corporation is increasing its presence in the state of New York by acquiring the residential mortgage lending business of Sterling National Bank, the principal subsidiary of Sterling Bancorp. The deal represents Freedom Mortgage's second significant acquisition in just over a month, as the company pushes to expand its business.
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