NAR releases educational brochure on foreclosure avoidance

Jun 11, 2007

Summit Mortgage introduces reverse mortgage divisionMortgagePress.comReverse mortgage division Responding to a growing number of Boston-area residents on the cusp of retirement, Summit Mortgage has announced the introduction of a reverse mortgage division. "It gives our clients financial independence and allows them to remain in their homes as long as they wish, without being forced to sell due to rising medical costs or other hardships," said Summit Mortgage CEO Richard S. Fedele. Summit Mortgage is a privately held mortgage banking firm based in Boston. For more information, call (888) 859-5181 or visit www.summitmortgage.com.

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Jun 11, 2007

Courts

Jury Finds loanDepot Not Guilty Of Alleged Fraud

The jury reached a unanimous verdict in the company’s favor

The legal dispute between Irvine-based nonbank loanDepot and its former chief operating officer (COO) Tamara “Tammy” Richards finally came to a close on February 7, 2025, after a unanimous jury verdict was returned in the company’s favor. Richards, who is now COO of Kind ...

People On The Move

loanDepot Promotes Phil Iossa To Regional VP Of In-Market Sales

Iossa will oversee New York tri-state area in new role

loanDepot has appointed Phil Iossa as the regional vice president of in-market retail for New York, Connecticut, and New Jersey territories, the company announced in a press release. LDI Mortgage President Jeff Walsh noted, “Phil has consistently demonstrated his ability ...