20 November 2017

PHH adds Albert Celini as senior vice president, risk and compliance




The management shakeup at PHH Corp. continued Monday when the company announced that it hired Albert Celini as senior vice president, risk and compliance. But Celini will only serve in the role for a little over a month. On Jan. 1, 2018, Celini will assume the role of chief risk and compliance officer, replacing Leith […]

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20 November 2017

Yellen announces resignation from Federal Reserve Board of Governors




Fed Chair Janet Yellen, who was appointed to the Board by former President Barack Obama to serve until January 21, 2024, announced Monday she will resign from the Fed upon the swearing in of her successor. Although Yellen’s term was not set to expire until 2024, she will now step down from her position early […]

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20 November 2017

Former Treasury Secretary Jacob Lew joins private equity firm




Former Department of the Treasury Secretary Jacob Lew is returning to the private sector. Lew, who served as Treasury secretary from 2013 through end of the Obama administration earlier this year, is joining Lindsay Goldberg, a private investment firm, as a partner. Source: Housing Wire News

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20 November 2017

Monday Morning Cup of Coffee: Drama heats up in gubernatorial race for Ohio governor




Speculation continues to rise over which city Amazon will choose as its second headquarters. Meanwhile, outgoing CFPB Director Richard Cordray’s likely entry into the Ohio gubernatorial race isn’t the only drama surrounding the state’s upcoming election. All that, and more, in your Monday Morning Cup of Coffee. Source: Housing Wire News

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17 November 2017

CoesterVMS adds former Dell executive as chief financial officer




CoesterVMS, a national appraisal management company, announced this week that it added Jotheeiswary Vijayantheran as the company’s new chief financial officer. Vijayantheran joins CoesterVMS from Dell Australia, where she was financial controller. Source: Housing Wire News

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17 November 2017

Ohio Dems bank on Richard Cordray running for governor




Though Consumer Financial Protection Bureau Director Richard Cordray has remained mum on a possible run for Ohio governor, Democrats in the state are already banking on him running. While some publications focused on the news of Cordray stepping down from his position on Wednesday, Ohio news publications all but confirmed that Cordray will run for […]

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17 November 2017

Shocker: Wells Fargo fires head of consumer lending for misconduct




It appears that Wells Fargo’s season on the brink is far from over. The bank struggled since the revelation of its fake account scandal, and the bad news isn’t over yet. The troubled bank just fired Franklin Codel, the head of the bank’s consumer lending division, for misconduct. Click the headline to read more. Source: […]

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16 November 2017

Keith Noreika to step down as Comptroller of the Currency




With former bank executive Joseph Otting soon to be confirmed as Comptroller of the Currency, Acting Comptroller of the Currency Keith Noreika submitted his resignation letter to Secretary of the Treasury Stephen Mnuchin. Noreika may not have been in the position long, but he did manage to make headlines during his time there, most notably […]

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16 November 2017

Community Mortgage Lenders of America Executive Director Glen Corso to retire




One of Capitol Hill’s most prominent voices on the interests of community lenders is retiring. Glen Corso, the executive director of the Community Mortgage Lenders of America, announced Thursday that he plans to retire at the end of 2017. Source: Housing Wire News

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15 November 2017

GSE reform in 2018? Mortgage finance positions of power in Washington up for grabs




[Commentary] There’s a perfect storm going on in Washington D.C right now. Just as talks over housing finance reform start to move from a laughing matter to a serious topic of discussion, some of the biggest positions of power on Capitol Hill just opened up. Or, they’re about to be up for grabs. Here’s a […]

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15 November 2017

CFPB Director Richard Cordray resigns




The speculation is finally over. CFPB Director Richard Cordray is done at the CFPB, telling bureau staff Wednesday that he plans to step down before the end of the month. However, his letter to the bureau’s staff does not include any mention of his future plans. Source: Housing Wire News

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15 November 2017

Servicers: We've got your answers on disposition strategy




While overall U.S. foreclosures were down 20% in the second quarter compared to last year, 13% of metro areas saw an increase in foreclosures this year, including Houston, Oklahoma City, and Hartford, Connecticut — all up by double digits. If you’re a servicer, the potential for increased foreclosures could catch you flat-footed. Luckily, HousingWire has you […]

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