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ARTICLES

  • U.S. Bank to promote Jodi Richard to vice chairman

    Richard will oversee risk management and compliance efforts
    U.S. Bank recently announced it will promote Jodi Richard to vice chairman and chief risk officer, following current Vice Chairman Bill Parker’s plans to retire in the upcoming months. Richard is expected to transition into the new position by early October.
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  • Former First Guaranty general counsel Michael McElroy joins Mayer Brown

    McElroy will be based at firm’s Washington D.C. office
    Mayer Brown announced it has named finance attorney Michael McElroy as a partner resident in its Washington, D.C. office. McElroy, who joins the firm after serving as the general counsel and secretary for First Guaranty Mortgage, will focus his practice on a range of matters related to the mortgage banking and consumer finance industries.
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  • Marcus & Millichap hires multifamily ace to run its financing division

    David Shillington stepping into William Hughes position as Hughes transitions to retirement
    Marcus & Millichap hired David Shillington to lead its financing arm. Shillington will serve as president of Marcus & Millichap Capital Corporation and brings over 30 years of experience to the firm and is taking the place of William Hughes, who announced his retirement earlier this year.
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  • Gateway Mortgage to acquire Oklahoma's Farmers Exchange Bank

    The acquisition will create one of the top five banks in Oklahoma
    With an eye on long-term growth posturing, Gateway Mortgage Group has entered into an agreement to acquire Oklahoma’s Farmers Exchange Bank. With the acquisition, Gateway anticipates the ability to expand the resulting bank’s suite of services and lower the costs of those services for consumers.
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  • Rayman Kaur Mathoda appointed CEO of Xome

    Industry vet to lead company's growth, oversee transition of Assurant Mortgage Solutions
    WMIH Corp. subsidiary and HW Tech100 winner Xome announced it appointed Rayman Kaur Mathoda as its new chief executive officer. She will oversee the company's business segments and the transition of its recent acquisition.
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  • LoanStream Mortgage plots expansion, plans 30-state hiring spree

    California lender offers traditional, non-QM loans
    LoanStream Mortgage, a California-based mortgage lender that specializes in wholesale lending through mortgage brokers and consumer direct lending through a series of branches, is planning a serious nationwide expansion. The company announced Tuesday that it is plotting a 30-state expansion and plans to hire a boatload of mortgage professionals to lead that growth.
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  • LRES announces new SVP of corporate administration

    Jill Haro will oversee the vendor management department
    LRES Corp., a national residential and commercial mortgage services company, recently announced it promoted Jill Haro to the position of senior vice president of corporate administration.Haro has more than 15 years of experience in the real estate mortgage services industry and was recognized as a vital leader in the effort to grow the company’s business and market share.
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  • Capital One to lay off another 286 employees

    Company continues its exit from the mortgage lending space
    Capital One is planning to lay off 286 employees from its Plano, Texas, campus as it continues to close its mortgage lending and home equity operations. According to the Dallas Business Journal, the exit is a result of the rising interest rate environment and high home prices freezing homebuyer demand.
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