Items Tagged with 'Freedom Mortgage'

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  • CFPB finds Freedom Mortgage intentionally reported inaccurate HMDA data

    Bureau hits Freedom with fine for HMDA reporting errors
    Loan officers at Freedom Mortgage intentionally reported inaccurate Home Mortgage Disclosure Act data over a several-year period, the CFPB said Wednesday. According to the bureau, an investigation found that Freedom reported "inaccurate race, ethnicity, and sex information" and that "much of Freedom’s loan officers' recording of this incorrect information was intentional" during that time. Click the headline for details.
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  • Freedom Mortgage to acquire RoundPoint Mortgage Servicing

    Merger to create 7th largest U.S. servicer
    Freedom Mortgage and RoundPoint Mortgage Servicing are planning to merge, the companies announced Friday. The deal will make RoundPoint a wholly owned subsidiary of Freedom and boost its servicing portfolio to more than $300 billion. Click the headline to read more.
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  • 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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  • From HW Magazine

    2018 HW Vanguard: Stanley Middleman

    Freedom Mortgage chairman and CEO
    As the chairman and CEO of Freedom Mortgage, Stanley Middleman is undoubtedly one of the biggest names in the mortgage business.
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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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