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FHA Reaches $230,000 Settlement With First Guaranty Mortgage Corporation
The Federal Housing Administration’s Mortgagee Review Board (MRB) has announced a settlement agreement with a Virginia-based mortgage lender for failing to apply FHA’s underwriting standards when...
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First Guaranty Mortgage Partners on New REO Marketing Initiative
First Guaranty Mortgage Corporation (FGMC) has announced a partnership with APD Solutions (APDS) and Home Depot to present its Rebuild the Dream initiative. Rebuild the Dream will seek to accelerate...
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FGMC Gets REO Sale Assistance From Fannie Mae
First Guaranty Mortgage Corporation (FGMC) has annopunced that it will now offer Fannie Mae HomePath and HomePath renovation products through its wholesale lending and consumer direct lending channels....
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National Lender Unveils New Products for Correspondent Lenders
First Guaranty Mortgage Corporation (FGMC) has announced the introduction of its Correspondent’s Edge product line for correspondent lenders. The niche-focused product line will include manufactured...
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First Guaranty Mortgage Promotes Gibson to Oversee Correspondent Product...
First Guaranty Mortgage Corporation (FGMC), a full-service mortgage lending firm offering retail and wholesale mortgage solutions, has promoted Jeffrey Gibson to the position of assistant vice...
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First Guaranty Mortgage Adds Mark Mayhook to Lead Capital Markets Group
First Guaranty Mortgage Corporation (FGMC) has announced the addition of Mark Mayhook as managing director of capital markets where he will oversee all elements of FGMC’s Capital Markets Group, with an...
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First Guaranty Mortgage Announces the Addition of James Cromartie
First Guaranty Mortgage Corporation (FGMC) has appointed James Cromartie to the position of assistant vice president of business development, national retail production. Cromartie will oversee and grow...
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Lyle Lasky to Direct Compliance at First Guaranty Mortgage
First Guaranty Mortgage Corporation (FGMC) has announced the addition of Lyle Lasky as assistant vice president, national underwriting and credit compliance manager. Lasky’s role will be to ensure...
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First Guaranty Mortgage Partners With NAREB on Homeowner’s Assurance Program
First Guaranty Mortgage Corporation (FGMC) will participate in the Homeowner’s Assurance Program (HAP), a non-profit partnership created by the National Association of Real Estate Brokers (NAREB) to...
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First Guaranty Mortgage and MortgageKeeper Partner on Distressed Homeowner...
First Guaranty Mortgage Corporation (FGMC) has announced a partnership with MortgageKeeper Referral Services, a firm that connects individuals in financial distress to reputable community services by...
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First Guaranty Mortgage Forms Compliance Partnership With Lenders Compliance...
First Guaranty Mortgage Corporation (FGMC) has announced that it has formed a compliance partnership with New York-based Lenders Compliance Group. Lenders Compliance Group is a full-service, mortgage...
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Wells Fargo to Cease Funding Mortgages Originated by Independent Brokers
Wells Fargo has announced that on July 13, it will discontinue funding mortgages that are originated, priced and sold by independent mortgage brokers through its wholesale channel. Mortgages sold by...
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FGMC Taps Patricia Trimble to Expand Its Wholesale Division
First Guaranty Mortgage Corporation (FGMC) has named Patricia Trimble national wholesale sales manager. Trimble comes to FGMC after four years as SVP, national wholesale manager with Home Savings of...
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First Guaranty Mortgage Partners With Coester VMS on Appraisal Services
First Guaranty Mortgage Corporation (FGMC) has announced that it will centralize its appraisal and valuation operations under the guidance of Rockville, Md.-based Coester Vendor Management Services...
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Jeffrey Gibson to Manage TPO Flow for First Guaranty
First Guaranty Mortgage Corporation (FGMC) has named Jeffrey Gibson to the position of managing director, TPO Flow, which will encompass both the wholesale and correspondent flow lending divisions of...
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First Guaranty Mortgage Names Amy Ellenburg New Regional TPO Manager
First Guaranty Mortgage Corporation (FGMC) has appointed Amy Ellenburg as regional TPO manager, correspondent lending. As regional TPO manager, Ellenburg will recruit account executives for FGMC’s...
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FGMC Named to 2013 Ellie Mae Hall of Fame
First Guaranty Mortgage Corporation (FGMC) has been named an Ellie Mae 2013 Hall of Fame inductee. FGMC is a full-service mortgage lending firm offering retail, correspondent, warehouse and wholesale...
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First Guaranty Names Richard Donine SVP, Marketing Director
First Guaranty Mortgage Corporation (FGMC) announced the appointment of Richard S. Donine as senior vice president – national marketing director. Donine will lead all aspects of marketing for First...
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Week One of QM in the Books: How Are You Doing?
It has been exactly a week since the Consumer Financial Protection Bureau's (CFPB) qualified mortgage (QM) rule went into effect. In that week, Congress held a hearing to discuss the potential...
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Uptick in Refi Activity Boosts Apps 4.7 Percent
Mortgage applications increased 4.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Jan. 17, 2014....
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