Items Tagged with 'Flagstar Bank'

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  • SEC, FBI reportedly investigating Live Well Financial collapse

    Creditors' court documents say authorities are looking into defunct lender and its CEO
    Trouble continues to brew for Live Well Financial, the forward and reverse mortgage lender that unexpectedly went bust last month, as court documents reveal that authorities are looking into the lender. According to documents filed by Live Well’s creditors, the SEC, the U.S. Attorney's Office in the Southern District of New York, and the FBI’s Bank Fraud Division have all been poking around for information on Live Well’s dealings.
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  • Creditors try to force Live Well Financial into bankruptcy

    File petition for involuntary bankruptcy to recover $130 million
    In May, Live Well Financial abruptly shuttered operations, saying it would no longer be funding forward or reverse mortgage loans. Now, three of its creditors are taking measures to get their investments back, filing a court petition seeking to force Live Well into Chapter 7 bankruptcy and hurling allegations of mismanagement at the defunct mortgage lender.
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  • Flagstar appoints new SVP of its retail mortgage business

    Scott Bristol will also serve as national production manager
    Flagstar Bank announced Wednesday that Scott Bristol has joined the company as senior vice president and national production manager of its retail mortgage business. In this new position, Bristol will optimize Flagstar's platform to support its loan officers in their expanding business.
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  • How can mortgage lenders build Realtor relationships?

    Ditch the canned messaging and bring the clients, say panelists at engage.marketing
    If loan officers want to build partnerships with Realtors, they might want to rethink their approach. As part of HousingWire’s engage.marketing event in Dallas last week, panelists convened to discuss the lender and Realtor partnership, and the general consensus is that the old method of buying a Realtor lunch and slipping them a rate sheet wasn’t cutting it anymore.
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  • Rocky Stubbs, SVP, head of direct lending at Flagstar Bank, to speak at engage.marketing

    Find out more about how to manage co-marketing relationships
    What are the most important things to know about growing and managing co-marketing relationships in this purchase market? It's an important question, which is why we asked Rocky Stubbs, senior vice president, head of direct lending at Flagstar Bank, to speak at our engage.marketing event on our panel about Realtor and Lender Partnerships. 
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  • Monday Morning Cup of Coffee: Facebook responds to HUD’s housing discrimination allegation

    Social media giant says discrimination is prohibited by site’s policies
    In case you missed it late Friday, HUD accused Facebook of allowing a modern, technologically enhanced form of redlining, wherein Facebook allows advertisers to use its mountains of data to target housing ads to very specific audiences. Here, the company responds. That, and more, in your Monday Morning Cup of Coffee.
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  • AIME shoots for 20% market share for wholesale mortgages by 2020

    Fueled by new sponsorship the organization is pushing for growth in the industry
    The Association of Independent Mortgage Experts is in growth mode, aiming for 20% market share of the mortgage market by 2020. Recent sponsorship from United Wholesale Mortgage, Caliber Home Loans, Finance of America Mortgage, and others have enabled AIME to offer free membership to partners of its sponsors. Included in membership are a set of tools and resources loan originators can use to increase productivity.
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