Stewart Information Services Corp. in Houston has terminated Jason Nadeau, group president of the company's mortgage and title services, according to
Nadeau was group president since 2012 and during his second stint at the company starting in 2007, according to his
In July, Stewart
Stewart declined to comment on Nadeau's termination.
Foreclosures were up month to month in October, while future indicators, such as mortgage delinquencies and trouble making all debt payments, came in higher as well.
While the latest data indicates ongoing demand, changes in the share of locks by category show consumers trying to adapt to market conditions, according to a report from Optimal Blue.
The annual J.D. Power survey found last fall's rise in rates put the mortgage industry in a transition period that affected satisfaction, but that has rebounded as of late.
The two companies will retain ties as Daniel Wallace moves to an operational leadership position at a time when non-agency mortgage opportunities are opening up.
Homeowners across the nation could realize savings from as little as $20 per year to having their bill wiped out entirely.
The company also saw a slight impact from changes to real estate commissions.
