Kevin G. Chavers and Luke S. Hayden have been elected to Freddie Mac’s Board of Directors, the GSE announced in a press release. Their appointments begin effective February 15, 2022. Chavers will serve on the GSE’s Audit Committee and Nominating and Governance Committee. He has held positions in the U.S. government before, including serving as president of Ginnie Mae from 1995 to 1998. He retired from BlackRock’s Global Fixed Income Investment Team in 2021 after 10 years. During that time, he also worked with Global Public Policy Group as managing director and as managing director for BlackRock’s Financial Markets Advisory Group. Before joining BlackRock, Chavers worked with Morgan Stanley and Goldman Sachs. “Mr. Chavers brings additional mortgage finance, capital markets…
Anchor Loans has unveiled its new face, a new corporate identity and website, as part of growth and expansion plans for 2022, the company announced. “As we look to continue our aggressive growth trajectory and expand our offerings, we want our branding to reflect our leadership in the market,” said Andy Pollock, chief executive officer of Anchor Loans. “Our new logo and website are designed to more accurately represent the characteristics our clients associate with Anchor Loans: modern, streamlined, efficient, and customer-focused.” The rebranding comes on the heels of the company’s acquisition by the investment management firm Pretium Partners in November 2021. Pretium is the second-largest single-family landlord in the US. It made headlines last year when Zillow sold it…
By KIMBERLEY HAAS With the big football game coming up this weekend, leaders at Rocket are inviting people to take a peek at the homes they could buy if they win the world’s largest official game of Super Bowl Squares and have revealed which stars will appear in their ad. Rocket Mortgage will give two grand prize winners $500,000 each for a home purchase during the game. $50,000 will be awarded every time the score changes. Rocket Homes, their sister company, has published an article highlighting what type of home a potential winner could select in various parts of the country. According to the article, the median sale price of a house in America is $335,212. The average house has…
By KIMBERLEY HAAS The CEO of loanDepot says they will continue to focus on their long-term strategy to become the most trusted homeowner fulfillment company in the world after the company released their results for 2021, which show a decline in net income but an increase in market share. Anthony Hsieh, Founder and CEO of the California-based company, said they have the tools to pivot and adjust to market trends and their business was purpose-built with periods of pressure in mind. “The results of 2021 are only a preview of what’s to come as we leverage our brand, develop and apply innovative technology solutions, drive down costs and add more products and services to help our customers successfully navigate one…
By KIMBERLEY HAAS Race car driver Tyler Reddick will debut the new Guaranteed Rate No. 8 Chevrolet at the first-ever Busch Light Clash at the Coliseum this Sunday. Reddick said Sunday’s event is an exhibition race, so points do not matter and all the drivers will be going all-out to try and win. “It’s going to be a wild race for drivers and fans alike, so I couldn’t think of a better place to officially debut Guaranteed Rate’s amazing new look,” Reddick said in an article for Guaranteed Rate. Guaranteed Rate Vice President of Marketing and Sports Partnerships Steve McNelley says they are thrilled about the partnership. The company specializes in mortgage lending and digital financial services. “Our focus on…
Sarah Gonzalez has been named president and CEO of Nevada-based Panorama Mortgage Group (PMG), the company announced in a press release. “I was looking for a company that would fit my own personal and professional priorities, and PMG is that place. It just feels like home – exactly where I’m supposed to be – with people I’ve admired for a long time,” said Gonzalez. “I love how PMG is servicing underserved borrowers and communities that need a lot of education on home lending and the application process. I’m a teacher at heart and that really attracted me to the role.” PMG is a multi-brand national mortgage company that originated from Alterra Home Loans, whose stated mission is to generate wealth…
HUNT Mortgage Corporation has hired Bindiya Jain as Chief Operating Officer, the company announced. As COO, Jain will be responsible for increasing overall revenue opportunities, building profitability, and ensuring efficiency within HUNT’s residential brokerage. She will report to president Linda Mallia regarding the overall operations of the company. “Our organization is built on a growth mindset. This is not solely based on volume, but also on the advancement of a diverse and inclusive team achieving its goals,” said Mallia. “Bindiya shares our vision for growth and will be instrumental in helping us achieve our fullest potential.” Jain is a native of New Delhi, India, where she graduated from Dehli University. She obtained her MBA from Anderson University in Indiana and attended…
By KIMBERLEY HAAS People who were victimized by what investigators have called the biggest Ponzi scheme in New Hampshire history can apply for compensation. In a news release, officials from the state’s Department of Justice announced that victims of Financial Resources Mortgage, Inc., and CL&M, Inc., can start filing applications to seek compensation from the FRM Victims’ Contribution Recovery Fund. People can submit an application either by printing, filling out, and mailing the paper version or by completing and sending the electronic version. The application deadline is May 18. After Financial Resources Mortgage collapsed in 2009, the U.S. Securities and Exchange Commission charged Scott Farah of Meredith, NH, and Donald Dodge of Belmont, NH, claiming they operated a fraudulent Ponzi…
By KIMBERLEY HAAS The typical American spends between five and six hours a day on their mobile phone so mortgage companies are developing new technologies to help them meet customers where they are. Brett Bivenour, Chief Technology Officer at Nationwide Mortgage Bankers in Melville, New York, explained during an interview with The Mortgage Note last week that for too long, the process seemed arduous for the average person. Even prior to the pandemic, consumer expectations about what they could do online had shifted because of what was happening outside his industry, he said. “As more and more aspects of people’s everyday lives were happening online, that certainly influenced their expectations of what it looks like to get a mortgage in…
Cairn Real Estate announced the appointment of Mark Johnson as President of JPAR® – Real Estate. As president, Johnson will oversee the entire JPAR Real Estate enterprise, including brokerage and franchise operations, across 65 states and more than 3,600 real estate professionals. “I am incredibly excited to expand my role with JPAR® – Real Estate and look forward to delivering on our unique value proposition to create strong exponential growth in the years ahead. We are well-positioned as a premium provider of real estate services to our professionals and their customers and are further supported to deliver on our customer commitment as a member of the Cairn Real Estate Holdings network of companies,” Johnson said. Johnson has worked with JPAR…
