Combining the two property preservation firms brings specialized technology and capabilities that Five Brothers has to MCS and broadens the operations of both. https://www.nationalmortgagenews.com/news/mcs-buys-five-brothers-adds-reverse-mortgage-services
NextGenMortgage
Finance of America receives second delisting notice from NYSE
The company, which has paired down its operations to concentrate on reverse mortgages, got a similar notice in December. https://www.nationalmortgagenews.com/news/finance-of-america-receives-second-delisting-notice-from-nyse
FFIEC suggests checks on firms’ appraisal bias controls
The guidelines come as lenders face lawsuits over alleged discriminatory valuations. https://www.nationalmortgagenews.com/news/ffiec-suggests-checks-on-firms-appraisal-bias-controls
How Freddie Mac’s repurchase alternative pilot is working
The Mortgage Bankers Association would like Fannie Mae to move toward the fee-based structure Freddie is testing. https://www.nationalmortgagenews.com/news/how-freddie-macs-repurchase-alternative-pilot-is-working
Rocket names ex-Airbnb exec chief marketing officer
The former Airbnb executive Jonathan Mildenhall steps into a newly created role, overseeing communications for all business lines at the Detroit-based company. https://www.nationalmortgagenews.com/news/rocket-names-ex-airbnb-exec-chief-marketing-officer