Walter "Terry" Klein, formerly president and chief executive officer of First Nationwide Mortgage Corp., has joined Ocwen Technology Xchange as its executive vice president and national sales manager.Mr. Klein has also served as chairman and CEO for both Sears Mortgage Corp. and PNC Mortgage. In his new role, Mr. Klein will be responsible for leading OTX's sales initiatives for OTX products such as REALTrans, REALServicing, and REALSynergy. Arthur Ringwald, OTX's president and CEO, said Mr. Klein's servicing experience "rounds out the mortgage origination, default management, and special servicing experiences of the OTX senior management team." OTX can be found on the Web at http://www.otx.com.
-
A Maryland judge temporarily halted mass layoffs of probationary employees at multiple agencies, citing legal violations and harm to states' ability to respond to unemployment needs.
March 14 -
Issuances fell in January for residential and multifamily segments, as concerns over available workers and future tariffs came to the fore.
March 14 -
After two consecutive quarters of profits, independent mortgage bankers lost money in the most recent period, for the ninth time in the last three years.
March 14 -
A federal judge in Maryland ruled against the City of Baltimore's attempt to block cuts to Consumer Financial Protection Bureau program funding on procedural grounds.
March 14 -
Thirty-eight TD Bank locations and 24 Flagstar branches are set to shut down. Both banks are coming out of tumultuous periods.
March 14 -
Mortgage originators are still struggling with profitability, and getting their income and costs to pencil out could mean the company's survival.
March 14