Items Tagged with 'Stonegate Mortgage Corporation'

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  • Valuation Partners welcomes new vice president

    Karen Herr to serve as VP of its U.S. western region
    Valuation Partners, an appraisal management company, recently appointed Karen Herr to the position of vice president of its U.S. West region. Herr has more than 30 years of experience in the financial services industry, holding executive roles at several large mortgage companies.
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  • Home Point Financial shuffles executive team in wake of Stonegate acquisition

    Several former Stonegate execs join Home Point
    Last week, as Home Point Financial finalized its $211 million acquisition of Stonegate Mortgage, Stonegate announced that several of its top executives were resigning in coordination with the deal. Included among those was Jim Smith, who stepped down from his positions as chief executive officer and president of Stonegate, but became the chief operating officer at Home Point. And it turns out that Smith isn’t the only Stonegate executive making the transition to Home Point.
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  • Home Point Financial completes Stonegate Mortgage acquisition

    Stonegate also begins delisting procedures from NYSE
    Home Point Financial Corp.’s $211 million acquisition of Stonegate Mortgage Corp. is now complete, as disclosed in a filing with the Securities and Exchange Commission. As a result of the deal, Stonegate is now wholly owned direct subsidiary of Home Point. Here's all the details.
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  • Stonegate Mortgage total revenue surges 150% in 3Q

    Boosted by strong originations
    Third-quarter earnings are in, and it’s looking good for Stonegate Mortgage Corporation. The lender posted that its total originations and total revenue were up and total expenses were down, making the perfect blend for a positive quarter.
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  • Stonegate Mortgage revenue up 432% in Q2

    But still making up ground from last year's numbers
    While Stonegate Mortgage improved significantly from last quarter, it is still far below its earnings from last year. Two major factors played into the fall from last year, and the ongoing recovery.
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  • Drop in MSR value drives Stonegate from profit to loss

    Slight increase in originations not enough to counterbalance MSR value decrease
    A decline in the fair market value of its mortgage servicing rights portfolio erased the year-to-date profits of Stonegate Mortgage Corporation and drove the company into the red for the year, the company announced Wednesday.
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