Skip to main content

Forward on Reverse: Dipping Your Toe in Reverse Waters Through the Broker-In Program: Part One

National Mortgage Professional
Aug 26, 2005

Homestar shoots for name changeMortgagePress.comHomestar Mortgage Services,Opteum Homestar Mortgage Services has announced its plan to change the company's name to "Opteum." The company expects the name change to be complete nationwide by the end of 2004. "The name 'Opteum' will distinguish our brand in ways that our previous name could not," said Peter Norden, chief executive officer of Homestar. "In addition to wanting a name we could trademark in all 50 states, we wanted one we could own, that we could define for the marketplace," said Norden. "'Opteum' implies something of value, i.e. the best, while also indicating a sense of vision. And we can continue to build its definition every day as we work with each of our customers and partners." Opteum Group will be the name of the corporate holding company. Opteum Financial Services will comprise the wholesale and retail divisions. The conduit division will be known as Opteum Funding. For more information, visit www.homestar.com.
Biden Appoints Sandra Thompson As Acting Director Of The FHFA

The White House appointed Sandra L. Thompson as acting director of the Federal Housing Finance Agency (FHFA), effective immediately. Her statement reveals that a permanent director will be confirmed in December.

Regulation and Compliance
Jun 24, 2021
Supreme Court Gives Biden Full Control Over Federal Housing Finance Agency

The U.S. Supreme Court gave President Joe Biden the authority to remove the head of the Federal Housing Finance Agency (FHFA) while dismissing claims from shareholders of Fannie Mae and Freddie Mac.

Industry News
Jun 23, 2021
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021