Items Tagged with 'Freedom Mortgage'

ARTICLES

  • 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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  • Freedom Mortgage to pay $113 million for FHA violations

    Unusually high levels of defective mortgages
    Freedom Mortgage Corporation now has more in common with Wells Fargo, Franklin American Mortgage, Walter Investment, and First Tennessee Bank than simply being mortgage lenders, as Freedom Mortgage is set to become the latest mortgage company to settle with the Department of Justice over alleged violations of the False Claims Act.
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