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Mortgage vendor sues former exec for poaching lender clients

A mortgage vendor is suing one of its former executives for starting a competing company while employed and soliciting some of its bigger-name customers. Processing Content New Jersey-based Flatworld Mortgage Solutions sued Rajeev Kumar last week in a federal court, accusing its former executive vice president of breaching various employment agreements. Kumar, who claims he

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Kristen Sieffert

Finance of America expands second-lien product’s reach

Finance of America is expanding its second-lien reverse mortgage product into four new markets to meet increased demand, it announced in a press release Tuesday. Processing Content HomeSafe Second added Louisiana, Rhode Island, Missouri and Washington, D.C. to the states it was already available in: Arizona, California, Colorado, Connecticut, Florida, Illinois, Indiana, Michigan, Montana, Nevada,

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