Carrington Mortgage

Andrew Taffet Succeeding Bruce Rose As Carrington CEO

Posted on by TMN Editor
The Carrington Companies’ founder and longtime CEO Bruce Rose is transitioning out of that role, to be succeeded by company veteran Andrew Taffet. Taffet, currently the company’s Chief Investment Officer, will remain in that position and take on the duties of CEO. Rose will assume the position of Chairman of the Executive Committee. “This is not a dramatic handoff by any means, but rather a natural next step for our business,” Rose said in a press release. “In addition to his duties as Chief Investment Officer, Andrew has been handling the day-to-day operations and oversight of our company for some time. The Carrington Companies will continue to operate as they have for the past 20-plus years. Our effectively self-hedged business…

Morning Roundup (1/25/2022)– Emerging Markets, Mortgage Scheme Victims Can Apply For Compensation

Posted on by TMN Editor
Good Morning! Today is Tuesday, January 25. President Biden was caught cursing about a Fox News reporter on a hot mic. Stocks continued a selloff at the opening bell this morning as investors worry over Fed policies and global politics. The Supreme Court will hear cases challenging affirmative action, focused on Harvard and the University of North Carolina. In mortgage and housing news… The Mortgage Note Reports Victims of Mortgage Ponzi Scheme Can Seek Compensation: People who were victimized by what investigators have called the biggest Ponzi scheme in New Hampshire history can apply for compensation. Big Cities Making A Comeback: More expensive, populated housing markets appeared on the quarterly Wall Street Journal/Realtor.com® Emerging Housing Markets Index, which could signal…