PacWest restructuring Civic Financial Services’ operations

By: ameer@trustedteam.com

PacWest Bancorp is restructuring its operations as it looks to exit silos and unify its business lines. That includes making changes at its Civic Financial Services mortgage lending business."PacWest...

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Amerisave defamed laid off employees, suit claims

By: ameer@trustedteam.com

Laid off employees of AmeriSave Mortgage Corp. are slamming the lender in a class action lawsuit, claiming the firm disparaged workers following a mass termination and that it owes...

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Top Fairway LO Dave Medina decamps for Movement Mortgage to spread his wings

By: ameer@trustedteam.com

Top-producing loan officer Dave Medina and his team at the Temecula, California-based branch have left ​​Fairway Independent Mortgage to join Movement Mortgage. The move, which marks the start of Movement’s...

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Retirement planning takes a backseat to today’s bills: study

By: ameer@trustedteam.com

A majority of Americans are far more concerned about their ability to pay their bills today at the expense of retirement planning. “Two in three Americans (67%) say they are...

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How JVM Lending plans to expand without any loan originators

By: ameer@trustedteam.com

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. The majority of lenders easily lost half of the...

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American Pacific Mortgage eyes further expansion

By: ameer@trustedteam.com

California-based American Pacific Mortgage continues to expand its market footprint, announcing Thursday an asset purchase of Lend Smart Mortgage, LLCMinnesota-based Lend Smart Mortgage has close to 30 branches nationwide,...

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Former Live Well CEO Michael Hild sentenced to 44 months in prison

By: ameer@trustedteam.com

Michael Hild, the former CEO of defunct reverse mortgage lender Live Well Financial, was sentenced to three years and eight months in prison for a conviction related to a...

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Ocwen Financial reveals major board reshuffle

By: ameer@trustedteam.com

Ocwen said that combining the chair of the board and CEO positions, along with appointing a lead independent director, is the appropriate structure for the company as it helps...

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Fed rate hikes: How high will they go?

By: ameer@trustedteam.com

The US Fed has rate decisions slated for Feb. 1, March 22 and May 3, with expectations that more hikes are slowly coming to an end based on inflation...

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