Category: Mortgage Industry

MutualFirst Adds Deitrich – Inside INdiana Business

Muncie-based-MutualFirst Financial has appointed Stacy Deitrich loan originator at the bank’s subsidiary, Summitmortgage in St. Joe, Michigan. She has worked in the mortgage lending industry for ten years.

Live Well Creditors Act to Force Company Into Bankruptcy – Reverse Mortgage Daily In the latest event to unfold in the ongoing saga surrounding the May closure of Virginia-based lender Live Well Financial, three of the company’s former creditors are now seeking to use the court system to force the remains of

Quicken Loans to pay $32.5 million to settle FHA lending case

Detroit-based Quicken Loans Inc. will pay $32.5 million to settle a federal lawsuit tied to Federal Housing Administration lending standards, according to a statement released Friday by the mediator in the case. The settlement comes with no admission of wrongdoing.

Detroit leads nation in reverse mortgage foreclosures

Michele McCoy always thought she and her siblings would inherit the house she grew up in on Decatur Street on Detroit’s west side. Her father, a Detroit Police officer, and her mother, a schoolteacher, bought the three-bedroom bungalow in the

Systematic Financial Management LP Sells 11,290 Shares of Independent Bank Co.(MI) (NASDAQ:IBCP) – Sundance Herald

Systematic Financial Management LP lowered its position in shares of Independent Bank Co.(MI) (NASDAQ:IBCP) by 20.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,735 shares of the financial

Three creditors of Chesterfield-based Live Well Financial file petition to force the former mortgage lender into bankruptcy | Local |

Three creditors of Live Well Financial are trying to force the former Chesterfield County-based mortgage lender and servicer into involuntary bankruptcy protection. Flagstar Bank, Mirae Asset Securities Inc. and Industrial and Commercial Bank of China Financial Services LLC claim that

Ajo LP Trims Position in Independent Bank Co.(MI) (NASDAQ:IBCP) – Rockland Register

Ajo LP Trims Position in Independent Ajo LP lowered its holdings in Independent Bank Co.(MI) (NASDAQ:IBCP) by 55.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned

Analyzing Independent Bank Co.(MI) (NASDAQ:IBCP) & Carolina Financial (NASDAQ:CARO) – Sundance Herald

Analyzing Independent Bank Co.(MI) (NASDAQ:IBCP) & Carolina Financial (NASDAQ:CARO) Carolina Financial (NASDAQ:CARO) and Independent Bank Co.(MI) (NASDAQ:IBCP) are both small-cap finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their

Freddie Mac posted updated Condominium project requirements

Freddie Mac posted updated Condominium project requirements in Guide Bulletin 2019-11. Highlights for Condo updates include Ineligible condominium projects, Condominium project reviews, delivery requirements  and Condominium projects with commercial parking facilities. Other updated information in the Guide include credit underwriting and mortgage eligibility,

OHm MI, KY, FL – Guide rates Ruoff among top lenders | Business | The Journal Gazette

Guide rates Ruoff among top lenders Residential mortgage lender Ruoff Home Mortgage was named a Top Mortgage Lender by The Scotsman Guide for 2018. “This is the industry’s most comprehensive, verified list of the nation’s top-producing mortgage lending companies,” Ruoff