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Tane Cabe talks reverse mortgage industry challenges, software development

Housing Wire

Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s s reverse division to transition back into a role as a reverse mortgage broker. People are interested in getting reverse mortgages and talking about them,” he said. I really do like that,” Cabe said.

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Citi names Brad Wayman head of U.S. mortgage

Housing Wire

mortgage after serving in the role since December. Wayman first joined Citi in 2003, and most recently, he held the position of head of U.S mortgage sales , where he led distributed retail sales, direct to consumer sales, strategic market business development, community reinvestment strategy and sales support.

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Risks of nonbank mortgage sellers and servicers revisited

Housing Wire

In a comprehensive study of mortgage market liquidity, Liquidity Crises in the Mortgage Market , several well-known academics provided compelling evidence for “liquidity vulnerabilities associated with nonbanks.” These were 2000-2003, 2004-2008Q2, 2008Q3-2011, and 2012-2015.

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Celebrating Independence Day With the Gift of Mortgage-Free Homes

Appraisal Buzz

The Tunnel to Towers Foundation , in honor of Independence Day, has announced that it has delivered 35 mortgage-free homes to fallen first responder families nationwide. In 2003, Sgt. On September 12, 2003, Sgt. Tunnel to Towers paid off the mortgage on his family’s Long Island home. “I

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Open Mortgage closes distributed retail channel, will focus on TPO

Housing Wire

Open Mortgage on Friday shut down its distributed retail channel and laid off more than two dozen employees. years after the Texas-based lender changed ownership and nine months after it exited the reverse mortgage business. Open was founded in 2003 by Scott and Tana Gordon. The divisional closure comes 1.5 In June, the U.S.

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Origins: From young country club caddy to reverse mortgage professional

Housing Wire

Chris Bruser, a reverse mortgage professional in Florida , agreed with an assertion that most people do not dream of entering the reverse mortgage business when they’re kids. Prior to embarking on that trip, he was advised by his superiors that trainees needed to have a well-developed plan for potential cold-call subjects with clients.

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NAF taps Mosi Gatling for newly created executive role

Housing Wire

California-based New American Funding (NAF), which recently acquired Draper and Kramer Mortgage Corp. Last year, she produced about $78 million in mortgages, consisting mainly of Federal Housing Administration (58.8% of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex. Of the total, 53.6%