Mortgage Training Institute approved to teach in Maryland

Aug 02, 2006

Centex Home Equity becomes Nationstar MortgageMortgagePress.comMortgage company mergers, Centex Home Equity, Nationstar Mortgage On July 12, Centex Home Equity officially became known as Nationstar Mortgage LLC, marking the completion of the company's acquirement by an affiliate of Fortress Investment Group LLC. No other changes are planned to the company's 100 locations or 2,200 employees. "This name change signifies a new beginning for our company and represents our national scope of services," said Anthony H. Barone, president and CEO of Nationstar Mortgage LLC. "It is synonymous with our strengths and experience as a leading non-prime mortgage lender and our goal to help our business partners and their customers achieve more with their loans." Nationstar Mortgage LLC is a nationwide mortgage lender, based in Dallas. For more information, call (888) 480-2432 or visit www.nationstarmtg.com.

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Aug 02, 2006

Analysis and Data

Mortgage Industry Despairs Over Positive Jobs Report

Leading to 'crushed' expectations of another significant rate cut

The September jobs report came back with flying colors, adding far more jobs than Wall Street economists projected while the unemployment rate ticked down, leading to what can only be called a crushing defeat for mortgage professionals. In response, the average rate for the ...

People On The Move

Pennymac Shakes Up Capital Markets Team

William Chang, Pennymac’s long-time capital markets leader, to "pursue other interests in the mortgage banking industry."

PennyMac Financial Services, Inc. and PennyMac Mortgage Investment Trust announced Thursday that William Chang will step down from his roles as Senior Managing Director and Chief Capital Markets Officer at PFSI, and Senior Managing Director and Chief Investment Officer at PM...