Prior to joining Flagstar, Gibson was with Caliber Home Loans for eight years, most recently serving as executive vice president of Wholesale Lending Production. He began his career and spent 14 years at Wachovia, a Wells Fargo company, leading mortgage sales and strategy on both the wholesale and retail sides.Allegations of fraudulent reporting in the "Down Payment Grant Program" meet their end as the US District Court dismisses the case, with the government choosing not to intervene.
A whistleblower lawsuit alleging that Bank of America Corp. submitted false records for its "Down Payment Grant Program" to receive funding from the government was dismissed last week. Judge Thomas D. Schroeder of the U.S. District Court for the Middle District of Nor...
EVP Mike Fawaz underscores the move's competitive edge, marking the firm's second consecutive year ahead of FHFA's anticipated adjustments.
Rocket Pro TPO said it would increase its conforming loan limits to $750,000 Monday before the Federal Housing Finance Agency (FHFA) in November. Rocket Pro TPO Executive Vice President Mike Fawaz said they are the first company for the second year in a row to apply t...
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