Items Tagged with 'NewDay USA'

ARTICLES

  • 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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  • NewDay USA appoints Garrison Foster senior vice president

    Foster founded Veterans Association for Homeownership
    VA lender NewDay USA announced this week it has named Garrison Foster to serve as senior vice president and oversee the company’s purchase home loan division. Foster, a U.S. Marine Corps veteran and advocate for vets, founded the Veterans Association for Homeownership, a nonprofit organization that assists veterans and families to better understand and receive VA benefits.
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  • NewDay USA announces two new leaders

    Brings a combined 45 years of experience to the company
    National VA mortgage lender NewDay USA announced two new leaders. The lender hired Gaurav Bhatia as its new chief digital officer and Michael Greenwood as senior vice president of mortgage servicing.
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  • NewDay Financial banned from all lending in New York

    Widespread cheating on licensing exams leads to third major sanction against lender in 2015
    NewDay Financial, already punished this year by the Consumer Financial Protection Bureau for its business practices and by the Multi-State Mortgage Committee for widespread cheating on licensing exams, is now completely banned from lending in the state of New York due to that same cheating on licensing exams.
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