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MBA teams with Cleveland State University on mortgage banking education program

Housing Wire

The Mortgage Bankers Association (MBA)s education division, MBA Education, recently launched its Mortgage Banking Bound (MBB) program at Cleveland State University. The industry is getting the talent developments and potential new students to enter their workforce. It’s a true collaborative effort, Hoffman added.

Banks 370
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Here’s how one CRE veteran helps multifamily investors thrive

Housing Wire

Meet Danny van der Reis , a commercial real estate (CRE) finance veteran and executive vice president of servicing and asset management at Arbor Realty Trust. In this executive conversation, van der Reis explores his experience in CRE finance, technology, loan servicing , and risk management.

Investor 468
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One mortgage lender abandons the Florida condo market

Housing Wire

Provident, run by the Pica family, is known in the industry for its conservative approach and sports a better-than-average delinquency rate in its servicing portfolio, so it’s perhaps not a huge surprise it would exit such a choppy space. Messages left with Provident were not immediately returned on Friday.

Mortgages 524
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Flagstar Bank makes changes to TPO leadership

Housing Wire

Flagstar Bank has made changes to its third-party origination (TPO) channel leadership. Industry veteran John Gibson is leaving the company to pursue other opportunities, and he will be replaced by Rich Hoffman as senior vice president and head of TPO lending. TPO is the bank’s main source of mortgages.

Banks 448
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Logan Finance Corp. hires new COO

Housing Wire

New York-based mortgage lender Logan Finance Corp. She brings more than 25 years of experience in the mortgage industry to her new position. Established in 1949, Logan Finance Corp. Logan Finance Corp. named Sarah Gonzalez as its chief operating officer. is licensed in 46 states and Washington, D.C.

Finance 475
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FundingShield: Wire, title fraud risk hits record high

Housing Wire

Implications for the mortgage industry FundingShield suggested that the heightened scrutiny points to a higher expectation of risk and a need to further confirm recourse from title insurance firms for loans sold to the GSE.

Title 363
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Judge admits expert testimony from TCB in case against Ginnie Mae

Housing Wire

Following the submission of a report from a subject matter expert by Texas Capital Bank (TCB) in its ongoing suit against Ginnie Mae over reverse mortgage collateral, the presiding judge has rejected a challenge by the government and will allow the report to be submitted as part of the record.

Banks 293