Ellie Mae partners with Wave Systems

Mar 29, 2007

OTS approves Countrywide applicationMortgagePress.comOffice of Thrift Supervision The Office of Thrift Supervision (OTS) has announced the approval of an application from Countrywide Financial Corporation to convert its national bank subsidiary, Countrywide Bank NA, to a federal thrift charter. The converted institution, Countrywide Bank FSB, will continue to operate out of its existing facilities and engage in the primary business activities conducted prior to its conversion. Countrywide Financial Corporation will act as Countrywide Bank FSB's savings and loan holding company, as approved by OTS. Countrywide Financial Corporation is a diversified financial services holding company based in Calabasas, Calif. For more information, call (866) 670-5274 or visit http://my.countrywide.com.

About the author

National Mortgage Professional

Link copied

Published

Mar 29, 2007

Industry News

UWM, UMortgage Under Attack For Alleged Shell Scheme

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.

Just weeks after allegations against United Wholesale Mortgage (UWM) were published in an exposé-style report and a class action lawsuit, Hunterbrook Media is once again putting the Michigan lender under the spotlight. On Thursday, the hedge-funded media company published...

Analysis and Data

Homebuying Excitement Is Up Among Veterans

Survey results indicate optimism about housing market among U.S. veterans and service members

Our nation’s heroes are increasingly optimistic about buying homes, new research indicates. The amount of veterans and service members who plan to purchase a home in the next six months was up by 15 percentage points year-over-year, according to the Veterans Homebuying Re...