Mr. Cooper

The Stephens Group Promotes Allie Laborde and Ryan Morrow to Managing Director

Retrieved on: 
Tuesday, March 12, 2024
Venture Capital, Finance, Banking, Professional Services, Asset Management, Stephens Inc., Software as a service, Assistant, CFO, Chartered, Research, Exigent circumstance, Business development, Corporate finance, Mr. Cooper, Management

The Stephens Group, LLC (“The Stephens Group” or the “Company”) is pleased to announce the promotions of Allie Laborde to Managing Director – Business Development and Ryan Morrow to Managing Director.

Key Points: 
  • The Stephens Group, LLC (“The Stephens Group” or the “Company”) is pleased to announce the promotions of Allie Laborde to Managing Director – Business Development and Ryan Morrow to Managing Director.
  • Prior to joining The Stephens Group, Allie was a Vice President at The Halifax Group where she sourced and originated new transactions.
  • Prior to joining The Stephens Group, Ryan spent nearly a decade in various leadership roles in venture capital and private equity backed technology companies.
  • Witt Stephens, Chairman and CEO of The Stephens Group, said, “Allie and Ryan’s unwavering dedication and exemplary performance have earned them this distinction.

First Savings Financial Group, Inc. Reports Financial Results for the First Fiscal Quarter Ended December 31, 2023

Retrieved on: 
Tuesday, January 30, 2024
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The core banking segment reported net income of $4.0 million, or $0.59 per diluted share for the quarter ending December 31, 2023.

Key Points: 
  • The core banking segment reported net income of $4.0 million, or $0.59 per diluted share for the quarter ending December 31, 2023.
  • Noninterest income decreased $2.4 million for the three months ended December 31, 2023 as compared to the same period in 2022.
  • Noninterest expense decreased $1.5 million for the three months ended December 31, 2023 as compared to the same period in 2022.
  • Comparison of Financial Condition at December 31, 2023 and September 30, 2023
    Total assets increased $19.2 million, from $2.29 billion at September 30, 2023 to $2.31 billion at December 31, 2023.

Freddie Mac Sells $586 Million in NPLs

Retrieved on: 
Tuesday, September 26, 2023
LGBT, Minority, FMCC, NPL, OTCQB, Special Loan Program for China-Latin America Infrastructure Project, SPO, Freddy, Sale, Mr. Cooper, Freddie Mac, EXPO, Real estate, Woman

MCLEAN, Va., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it sold via auction 3,564 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio.

Key Points: 
  • MCLEAN, Va., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it sold via auction 3,564 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio.
  • The loans, with a balance of approximately $586 million, are currently serviced by Specialized Loan Servicing LLC, Select Portfolio Servicing, Inc., NewRez LLC, d/b/a Shellpoint Mortgage Servicing and Nationstar Mortgage LLC d/b/a RightPath Servicing.
  • The sale is part of Freddie Mac’s Standard Pool Offerings (SPO®).
  • Freddie Mac, through its advisors, began marketing the transaction on August 28, 2023 to potential bidders, including non-profits and Minority, Women, Disabled, LGBT, Veteran or Service-Disabled Veteran-Owned Businesses (MWDOBs), neighborhood advocacy organizations and private investors active in the NPL market.

Freddie Mac Announces $628 million NPL Sale

Retrieved on: 
Tuesday, August 29, 2023
Transfer, Minority, Housing, MBS, FMCC, Consumer, NPL, OTCQB, Special Loan Program for China-Latin America Infrastructure Project, SPO, Sale, Organization, SLST, Mr. Cooper, Freddie Mac, Wells Fargo, RPL, EXPO, Economics, Auction, Freddy, Woman

MCLEAN, Va., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today an approximate $628 million non-performing loan (NPL) sale, via an auction of seasoned non-performing residential first lien loans held in Freddie Mac’s mortgage-related investments portfolio.

Key Points: 
  • MCLEAN, Va., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today an approximate $628 million non-performing loan (NPL) sale, via an auction of seasoned non-performing residential first lien loans held in Freddie Mac’s mortgage-related investments portfolio.
  • To participate , all potential bidders must be approved by Freddie Mac and successfully complete a qualification package to access the secure data room containing information about the NPLs and to bid on the NPL pool(s).
  • Advisors to Freddie Mac on the transaction are Wells Fargo Securities, LLC and First Financial Network, Inc., a woman-owned business.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

BSI Financial Services Names Harold Lewis President and COO

Retrieved on: 
Wednesday, March 22, 2023
Software as a service, BSI, Workflow, Fannie Mae, API, Aspen Capital, McKinsey & Company, Lewis, Mr. Cooper, Acquisition, Regulatory technology, UX, Growth, AI, Corporate title, Management, Real estate

IRVING, Texas, March 22, 2023 /PRNewswire/ -- BSI Financial Services, a mortgage operating platform, today announced Harold Lewis has been hired as president and COO. In this newly created position, Lewis will be responsible for scaling BSI Financial's platform and delivering value to its customers through the combination of improved operational efficiency, reduced risks, technology advancements and exceptional talent.

Key Points: 
  • IRVING, Texas, March 22, 2023 /PRNewswire/ -- BSI Financial Services , a mortgage operating platform, today announced Harold Lewis has been hired as president and COO.
  • Prior to Nationstar, Lewis held several C-Suite and senior executive positions, including COO at CitiMortgage, COO of residential real estate at Fannie Mae, president of NationsCredit for Bank of America/Barnett Bank, and COO of Resource Bancshares Mortgage Group.
  • "I am excited to welcome an exceptional industry leader like Harold to our leadership team," said Gagan Sharma, founder and CEO of BSI Financial.
  • Larry Goldstone, BSI Financial's president of capital markets and lending, said, "I am pleased to have Harold join our management team as president and COO, taking over responsibility for the management of all operational aspects of our platform.

Freddie Mac Announces 2022 SHARP Award Winners

Retrieved on: 
Thursday, February 16, 2023
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MCLEAN, Va., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced the nine winners of its 2022 Servicer Honors and Rewards Program ( SHARP )SM, which annually recognizes mortgage loan Servicers for quality servicing, risk management and sustainable homeownership resulting in superior portfolio performance.

Key Points: 
  • MCLEAN, Va., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced the nine winners of its 2022 Servicer Honors and Rewards Program ( SHARP )SM, which annually recognizes mortgage loan Servicers for quality servicing, risk management and sustainable homeownership resulting in superior portfolio performance.
  • The winners represent outstanding customer service and positive efforts to prevent and alleviate loan delinquencies.
  • “Despite ongoing challenges and market fluctuations, our SHARP winners demonstrated peak performance and deserve to be commended for their ongoing efforts,” said Bill Maguire, Freddie Mac’s Vice President of Single-Family Servicing Portfolio Management.
  • Servicers that have more than 20,000 Freddie Mac master-serviced loans are automatically enrolled in SHARP, which provides performance incentives through rewards and recognition.

Freddie Mac Prices Approximately $230 Million SLST Securitization

Retrieved on: 
Tuesday, October 25, 2022
SLST, SEC, Securities Exchange Act of 1934, Security (finance), Housing, U.S. Securities and Exchange Commission, NPL, OTCQB, Forward-looking statement, Congress, Risk, Freddie Mac, Personal computer, RPLS, Program, Mr. Cooper, GLOBE, Exchange, LLC, Oppenheimer, FMCC, Wells Fargo, Bank, Financial adviser

MCLEAN, Va., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today the pricing of the second Seasoned Loans Structured Transaction Trust (SLST) offering of 2022 -- a securitization of approximately $230 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned residential mortgage loans.

Key Points: 
  • MCLEAN, Va., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today the pricing of the second Seasoned Loans Structured Transaction Trust (SLST) offering of 2022 -- a securitization of approximately $230 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned residential mortgage loans.
  • Freddie Mac SLST Series 2022-2 includes approximately $201 million in guaranteed senior certificates and approximately $29 million in non-guaranteed subordinate certificates.
  • Additional information about the company's seasoned loan offerings can be found at:
    This announcement is not an offer to sell any Freddie Mac securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

EPM Welcomes New CFO

Retrieved on: 
Tuesday, August 23, 2022
Fannie Mae, Corporation, CEO, FHA, Technology, Stearns Lending, Equal housing lender, NMLS, EPM, USDA, Senior, Ocwen, Multimedia, Southern Methodist University, Equity, Economics, Leadership, National Association of Affordable Housing Lenders, Assistant, Methodist University, Flagstar Bank, Mr. Cooper, Growth, Industry, Convention (norm), Management, Credit, Science

Qminacci comes to EPM with over fifteen years of experience and brings a wealth of financial knowledge as the company continues its growth.

Key Points: 
  • Qminacci comes to EPM with over fifteen years of experience and brings a wealth of financial knowledge as the company continues its growth.
  • With his background in finance, capital markets, and technology, Qminacci brings a visionary perspective and leadership to EPM's finance divisions.
  • We could not be more thrilled to have Qminacci join the EPM team."
  • For more information about EPM, visit us online at www.epm.net or call toll-free (877) 255-3554.

Cenlar Appoints Leaders to Its Default Management Operations

Retrieved on: 
Thursday, August 11, 2022
Banking, Other Professional Services, Professional Services, Finance, Bankruptcy, Contact tracing, Industry, Senior, Assistant, PNC Financial Services, Technology, Mr. Cooper, SPOC, GSE, Knowledge, Adam, Government, FNMA, Ocwen, Fidelity National Financial, Executive, FSB, Fannie Mae, PennyMac Financial Services, Solution, LinkedIn, Bank, Management

Cenlar FSB, the nations leading mortgage loan subservicer and federally chartered wholesale bank, announced today that it has appointed four senior leaders to the default management team.

Key Points: 
  • Cenlar FSB, the nations leading mortgage loan subservicer and federally chartered wholesale bank, announced today that it has appointed four senior leaders to the default management team.
  • Before joining Cenlar, Adam spent 14 years at CitiMortgage where he was most recently Senior Vice President of Default Operations.
  • Most recently, he was Senior Vice President of Default Operations where he was responsible for overseeing multiple default business phases of delinquency.
  • Jason brings expertise to the areas of bankruptcy, government and mortgage insurance claims, business analysis, default operations, portfolio management, loss analysis and foreclosure.

Motto Mortgage and wemlo Appoint Industry Veteran Chris Erickson as New Vice President of Product & Strategy

Retrieved on: 
Thursday, June 9, 2022
VP, SM, LLC, NMLS, Ideation, Product management, CEO, Erickson, Chris, CoreLogic, Ecosystem, Solution, Multimedia, Guaranteed Rate, Citibank, Growth, Product strategy, Assistant, Technology, Industry, Mr. Cooper, Motto, RE/MAX, Real estate, Product, Caliber

DENVER, June 9, 2022 /PRNewswire/ -- Motto® Mortgage, the first and only national mortgage brokerage franchise in the U.S., and wemloSM, the first third-party mortgage processing solution with an all-in-one digital platform, today announces it has appointed industry veteran, Chris Erickson, as Vice President of Product & Strategy for both brands.

Key Points: 
  • DENVER, June 9, 2022 /PRNewswire/ -- Motto Mortgage ,the first and only national mortgage brokerage franchise in the U.S., and wemlo SM, the first third-party mortgage processing solution with an all-in-one digital platform, today announces it has appointed industry veteran, Chris Erickson, as Vice President of Product & Strategy for both brands.
  • Throughout his career, Chris has been heavily involved in the end-to-end mortgage origination process, overseeing the strategic, tactical product management, and development of mortgage origination workflow solutions.
  • For the Motto Mortgage brand, Chris's primary focus is to ensure the product ecosystem for franchisees is streamlined.
  • To learn more about Motto Mortgage, or for license information for a Motto Mortgage office, email [email protected] , or visit www.mottomortgage.com/offices .