Jesinoski v. Countrywide Home Loans, Inc.

Janover and Xchange.Loans Announce Strategic Partnership to Capitalize on Market Dislocations

Retrieved on: 
Tuesday, October 31, 2023
Xchange, Sale, FDIC, System, Jesinoski v. Countrywide Home Loans, Inc., CXO, Environment, Growth, Arthur Janov, Partnership, X-Change, Confidentiality, AI, Book, Real estate

“We are delighted to partner with Xchange.Loans, who we believe to be the market leader in technology-enabled buying and selling of commercial property loans.

Key Points: 
  • “We are delighted to partner with Xchange.Loans, who we believe to be the market leader in technology-enabled buying and selling of commercial property loans.
  • During a time of such significant market dislocation within segments of commercial real estate, such as class B and class C suburban offices, this partnership is extremely timely,” commented Blake Janover, CEO of the Company.
  • I believe this partnership will help further accelerate the growth of both companies, as we significantly complement each other.
  • “We’re excited for the tremendous synergies this partnership offers between Janover and our own platform, the first secure online marketplace for loan sales open to all lenders and investors.

$108 million for homeowners in distress

Retrieved on: 
Monday, June 26, 2023
People, BTW, Federal Trade Commission Act of 1914, Chapter 13, Title 11, United States Code, Federal Trade Commission, Policy, Record, Countrywide, Blog, Privacy, Bank of America, Jesinoski v. Countrywide Home Loans, Inc., Time, FTC, Income, Water, Comment, COO, Bank, Fraud, Company, News, Bankruptcy, Insurance

$108 million for homeowners in distress Homeowners in financial trouble aren’t getting a lot of great news these days.  But 450,177 of them will be getting a check in the mail that represents their share of the FTC’s $108 million settlement with mortgage giant Countrywide.

Key Points: 

$108 million for homeowners in distress

    • Homeowners in financial trouble aren’t getting a lot of great news these days.  But 450,177 of them will be getting a check in the mail that represents their share of the FTC’s $108 million settlement with mortgage giant Countrywide.
    • Last year, the FTC announced a settlement with Countrywide Home Loans and BAC Home Loans Servicing, which formerly did business as Countrywide Home Loans Servicing.
    • Court papers filed by the FTC tell an intriguing story of hidden fees, deceptive claims in bankruptcy servicing, and sweetheart deals with corporate subsidiaries.
    • For example, when homeowners default, it’s understandable that lenders will have to spend some money to protect their interest in a property — things like inspections, lawn mowing, etc.

The Money Store Appoints New Eastern Division Manager

Retrieved on: 
Friday, February 10, 2023
Growth, GMAC ResCap, Region, The Money Store, The, Jesinoski v. Countrywide Home Loans, Inc., Divisional patent application, Bank of America, Chase Manhattan, Marketing, Bank, Mancino

FLORHAM PARK, N.J. , Feb. 10, 2023 /PRNewswire/ -- The Money Store is pleased to announce that Frank Mancino has joined the company as the Divisional Manager – East.

Key Points: 
  • FLORHAM PARK, N.J. , Feb. 10, 2023 /PRNewswire/ -- The Money Store is pleased to announce that Frank Mancino has joined the company as the Divisional Manager – East.
  • By 1995, Mancino joined Countrywide Home Loans as Branch Manager and Vice President.
  • "I look forward to working with the amazing team at the Money Store to expand the East Coast brand and meet the current market challenges with a proven winner.
  • "The Money Store has made strategic moves to be well-positioned for the future, and I look forward to adding my contribution to this company's continued growth and success," Mancino added.

Ambac Settles RMBS Litigations Against Bank of America

Retrieved on: 
Friday, October 7, 2022
Professional Services, Legal, Finance, Xchange, Bank of America, Mission statement, Publication, Bank of America Home Loans, New York Supreme Court, Calibuso v. Bank of America Corp., Failure, LLC, Person, NYSE, Investment, Private Securities Litigation Reform Act, Industry, Ownership, Johnson Financial Group, Jesinoski v. Countrywide Home Loans, Inc., Time, New, Risk, Disagreement, County, Chapter Nine, London, Countrywide, Annual report, Rehabilitation, P&C, Sex segregation, Insurance, SEC, AM Best, Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Dabit, Completeness, Bank, Capital, Acquisition, AAC, Forward-looking statement, COVID-19, Supreme court, RMBS, Merrill (company), Security (finance), Ambac

1Includes the following pending litigations: Ambac Assurance Corporation and the Segregated Account of Ambac Assurance Corporation v. Countrywide Home Loans, Inc., Countrywide Securities Corp., Countrywide Financial Corp., and Bank of America Corp. (Supreme Court of the State of New York, County of New York, Case No.

Key Points: 
  • 1Includes the following pending litigations: Ambac Assurance Corporation and the Segregated Account of Ambac Assurance Corporation v. Countrywide Home Loans, Inc., Countrywide Securities Corp., Countrywide Financial Corp., and Bank of America Corp. (Supreme Court of the State of New York, County of New York, Case No.
  • Ambac Assurance Corporation and The Segregated Account of Ambac Assurance Corporation v. Countrywide Securities Corp., Countrywide Financial Corp. (a.k.a.
  • Bank of America Home Loans) and Bank of America Corp. (Supreme Court of the State of New York, County of New York, Case No.
  • Ambac Financial Group, Inc. (Ambac or AFG) is a financial services holding company headquartered in New York City.

Ambac Defeats Summary Judgment Motion and Obtains Trial Date in Fraud Case Against Countrywide and Bank of America

Retrieved on: 
Wednesday, August 31, 2022
Banking, Professional Services, Insurance, Finance, Xchange, COVID-19, Merrill (company), London, Sex segregation, RMBS, Insurance, Calendar, AAC, Rehabilitation, New, Bank of America Home Loans, Supreme court, LLC, Risk, Mission statement, Jesinoski v. Countrywide Home Loans, Inc., Bank of America, Time, New York Supreme Court, SEC, County, Annual report, Bank, Industry, Disagreement, Ownership, Johnson Financial Group, Investment, Chapter Nine, Private Securities Litigation Reform Act, Acquisition, NYSE, Person, Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Dabit, Calibuso v. Bank of America Corp., Court, Publication, Failure, AM Best, P&C, Forward-looking statement, Security (finance), Countrywide, Ambac

Ambac is pleased with the Courts decision to allow its fraud case against Countrywide and Bank of America to go forward to trial in front of a jury.

Key Points: 
  • Ambac is pleased with the Courts decision to allow its fraud case against Countrywide and Bank of America to go forward to trial in front of a jury.
  • Through this case, Ambac seeks to prove that Countrywide made false and intentionally misleading representations to Ambac about, among other things, its mortgage origination practices and the purported quality of its mortgage loans.
  • In addition to this case, Ambac continues to pursue additional claims against Bank of America and related entities in the cases entitled Ambac Assurance Corporation and The Segregated Account of Ambac Assurance Corporation v. Countrywide Securities Corp., Countrywide Financial Corp. (a.k.a.
  • Bank of America Home Loans) and Bank of America Corp. (Supreme Court of the State of New York, County of New York, Case No.

BSI Financial Hires Key Execs to Drive HR and Investor Reporting

Retrieved on: 
Monday, May 16, 2022
Shannon, University, Fannie Mae, Freddie Mac, Leadership, HR, Bank, Federal Home Loan Bank Board, REO, BSI, Bank of America, Texas A&M University, SHRM, Human, Culture, Efficiency, McGowan, Federal Home Loan Banks, Saxons, Accenture, Regulatory technology, Jesinoski v. Countrywide Home Loans, Inc., FHA, Government National Mortgage Association, BBA, Growth, CEO, Security (finance), Management

IRVING, Texas, May 16, 2022 /PRNewswire/ -- BSI Financial Services, a mortgage-centric financial services company, today announced Sean McGowan has been hired as chief people officer and Shannon Clay has joined the company as senior vice president of investor reporting.

Key Points: 
  • "Our people and culture are central to our growth strategy," said Gagan Sharma, President and CEO of BSI Financial Services.
  • "Sean's expertise at building great teams will be key to enriching our culture while maintaining an agile, growth-focused HR strategy.
  • Clay will manage the company's investor reporting team and reconciliations and treasury cash management as well as drive overall secondary market accounting process improvement and profitability initiatives.
  • Leveraging a 30-year performance track record, BSI Financial offers clients customized solutions using proprietary digital technology such as BSI ASSET360, an advanced form of RegTech.

Open Mortgage Bolsters Senior Leadership Team with Appointment of Scott Harkless to Chief Revenue Officer

Retrieved on: 
Tuesday, January 18, 2022
Asbury University, Jesinoski v. Countrywide Home Loans, Inc., Growth, Bank, South East Midlands Local Enterprise Partnership, Leadership, American Advisors Group, Culture, Multimedia, Bank of America, Law, Countrywide, Harkless, University, Management, Financial services, Real estate

AUSTIN, Texas, Jan. 18, 2022 /PRNewswire/ -- Open Mortgage, a multi-channel mortgage lender dedicated to empowering the dream of homeownership, has named seasoned mortgage leader Scott Harkless to the newly-created position of Chief Revenue Officer.

Key Points: 
  • AUSTIN, Texas, Jan. 18, 2022 /PRNewswire/ -- Open Mortgage, a multi-channel mortgage lender dedicated to empowering the dream of homeownership, has named seasoned mortgage leader Scott Harkless to the newly-created position of Chief Revenue Officer.
  • Harkless will report directly to Open Mortgage President Joe Stephenson in this pivotal role on the senior leadership team, overseeing all sales functions within the company, including wholesale and retail in both the reverse and forward divisions.
  • "Scott's extensive experience, demonstrated leadership and proven track record in the mortgage industry make him an ideal fit for this new position at Open Mortgage," said Stephenson.
  • At Open Mortgage, we believe that better is possible, and we are constantly striving to bring a better mortgage experience for everyone.

Fundbox Closes $100M Series D Fueled by Record Growth

Retrieved on: 
Tuesday, November 30, 2021
Newton, Capital One, North America, Bank of America, Bank, Technology, AI, BNY Mellon, Health care, FP, Consumer, Acquisition, CB Insights, Line of credit, Debt-to-GDP ratio, Institute of Management Accountants, Leadership, Khosla Ventures, Solution, VP, CoreLogic, Fundbox, GLOBE, Organization, CA, GM, Small business, Ecosystem, Jesinoski v. Countrywide Home Loans, Inc., Growth, Forbes, Renewable energy

Through an intense focus on partnerships, customer acquisition initiatives, and new products, Fundbox achieved record levels of growth fueling the small business rebound, particularly within the smaller end of small businesses.

Key Points: 
  • Through an intense focus on partnerships, customer acquisition initiatives, and new products, Fundbox achieved record levels of growth fueling the small business rebound, particularly within the smaller end of small businesses.
  • Fundbox also shared that it has surpassed $2.5 billion in transaction volume and connected with over 325,000 businesses since its founding in 2013.
  • As a result, Fundbox is well positioned to unlock growth for small businesses and help support the countrys economic recovery.
  • "Fundbox is primed for continued growth as we approach a once-in-a-decade opportunity to drive the recovery and expansion of the small business economy, said Fundbox CEO Prashant Fuloria.

Pineapple Announces the appointment of Rupen Shah as Chief Financial Officer

Retrieved on: 
Monday, November 15, 2021
Canadian Cancer Society, Department of Finance and Administration, University, Cancer, Associate, Cornell University, Industry, COO, SmartCentres, Jesinoski v. Countrywide Home Loans, Inc., Leadership, EMBA, Queen's University, Knowledge, CEO, Ivy League, CPA, Growth, Rupen, Administration, Social media, Program, Heel, Company, American Cancer Society, Executive master's degree, Middle East, Business administration, Accounting, Life, CFO, Management

Building momentum post-Series A and rebrand, Pineapple's new CFO will propel profitable and sustainable business growth

Key Points: 
  • Building momentum post-Series A and rebrand, Pineapple's new CFO will propel profitable and sustainable business growth
    TORONTO, Nov. 15, 2021 /CNW/ -Pineapple Financial Inc. (Pineapple), Canada's mortgage destination for the modern home buyer, is pleased to announce that it has appointed Rupen Shah to the position of Chief Financial Officer (CFO), effective immediately.
  • "We are excited for Rupen to be joining our team, with Pineapple rapidly growing and gearing up for bigger changes," said Shubha Dasgupta, Founder and CEO of Pineapple.
  • "Rupen is a seasoned executive; he has demonstrated his leadership and proven success in creating profitable corporate strategies and integrated business planning.
  • "I am thrilled to be joining the visionary team at Pineapple during such a pivotal moment in its journey," said Rupen.

Caliber Home Loans Expands Conforming Loan Limit to $625,000

Retrieved on: 
Wednesday, October 13, 2021
Jesinoski v. Countrywide Home Loans, Inc., Federal Housing Finance Agency, FHFA, Moody's Investors Service, FHA, S&P Global Ratings, Fannie Mae, Housing, Standard, Company, USDA, Freddie Mac, Fitch, DBRS, Bank

The Company's expanded conforming loan limit precedes the 2022 baseline national conforming loan limit, which is expected to be announced by the Federal Housing Finance Agency ("FHFA").

Key Points: 
  • The Company's expanded conforming loan limit precedes the 2022 baseline national conforming loan limit, which is expected to be announced by the Federal Housing Finance Agency ("FHFA").
  • Caliber's cap raise on conventional loans from $548,250 to $625,000 allows more borrowers to qualify for larger loan amounts as rates remain low.
  • "By raising loan limits on conventional loans, we are able to further support our customers during a competitive housing market while rates are still low," said Sanjiv Das, Chief Executive Officer at Caliber.
  • "Jumbo loans are not feasible options for everyone, and higher conforming loan limits can help certain borrowers trying to purchase a home or access liquidity."