Sage Credit Company launches reverse mortgage department

National Mortgage Professional

Aug 07, 2007

GreenPoint Mortgage, GMAC Mortgage receive awards from MBAMortgagePress.comCampusMBA CampusMBA, the educational division of the Mortgage Bankers Association, has awarded GreenPoint Mortgage Funding Inc. the Best Overall Corporate Training Program Award for the second consecutive year, as part of its annual Corporate Training and Education Awards. In addition, CampusMBA has awarded GMAC Mortgage LLC the Best Overall Corporate Training Program honorable mention. The Mortgage Bankers Association, based in Washington, D.C., is a national trade association that represents the real estate finance industry. For more information, call (202) 557-2700 or visit www.mbaa.org. Novato, Calif.-based GreenPoint Mortgage Funding Inc. is a national mortgage banking company and subsidiary of Capital One NA. For more information, call (800) 462-2700 or visit www.greenpointmortgage.com. Horsham, Pa.-based GMAC Mortgage LLC is a residential mortgage servicer and a subsidiary of GMAC LLC. For more information, call (877) 941-4622 or visit www.gmacmortgage.com.

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Aug 07, 2007

Regulation and Compliance

Fed OKs 10th Rate Hike In 12 Months

Boosts federal funds rate by another 25 basis points.

In its efforts to battle stubbornly high inflation while also balancing the needs of an unsteady banking industry, the Federal Reserve on Wednesday decided to boost its benchmark interest rate by another quarter point. The announcement came at the conclusion of the Federal ...

People On The Move

BSI Financial Hires Mr. Cooper's President, COO

Industry veteran Harold Lewis will hold the same titles at BSI.

BSI Financial Services, an Irving, Texas-based mortgage operating platform, said Wednesday it has named Harold Lewis as its president and chief operating officer. In the newly created position, Lewis will be responsible for scaling BSI Financial's platform and delivering va...