Greg Sayegh- Former Executive Vice President at Countrywide and former Senior Vice President at Washington Mutual

business - Greg Sayegh- Former Executive Vice President at Countrywide and former Senior Vice President at Washington Mutual

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Metadata:

Biography: Greg Sayegh is currently the founder and CEO of Lionheart Advisors as well as the CEO of 6 Solutions Inc. Previously, Sayegh held senior roles within Movement Mortgage, U.S Bank Home Mortgage, and Caliber Funding. From 2004-2008, Sayegh served as a Senior Vice President for Retail Loan Production at Countrywide Home Loans. In the decade prior to his time at Countrywide, Sayegh worked within Washington Mutual’s retail loan division as a Senior Vice President. While at WaMu, Sayegh oversaw retail loan production in the Southwest and the national retail loan officer program. With over 35 years in the mortgage industry, Sayegh also holds previous roles at California Federal Bank and Merit Savings Bank, where he started his career in 1983.

Annotated Bibliography:

“How WaMu Sets Up Shop in New Markets.” American Banker, 18 November 2003.

In this article, Sayegh, who had been recently promoted to head of retail origination, provides insight on how Washington Mutual recruits and establishes their operations in new markets. Sayegh also expresses his view on the ongoing “really crazy pricing”,while affirming that WaMu would not resort to undercutting in order to win new business.

Sanchez, Jesus, and Harris, Bonnie. “Mortgage Refinancing Applications Fall Sharply.” Los Angeles Times, 31 July 2003.

In this LA Times article, Sayegh provides an expert opinion along with other professionals from the industry. He highlights the fact that despite the market being in an overcapacity, there still existed plenty ofdeals that Washington Mutual could continue doing. He also expresses that there would be a renewed surge in refinancing as people took advantage of market conditions before rates rose again.

Sobrevinas, Anna. “Movement Mortgage Welcomes New Regional Director.” Mortgage Professional America Magazine, 10 May 2017.

Author Anna Sobrevinas discusses Sayegh’s new role as Movement Mortgage’s new Southern California regional director, as well as providing information on Sayegh’s previous roles in U.S. Bank, Caliber Home Loans, Countrywide Home Loans, and Washington Mutual.

Strickland, Daryl. “Home Buyers Turning to Interest-Only Loans.” Los Angeles Times, 20 August 2002.

In this article, the author discusses the recent rise in demand for interest-only mortgages, particularly in California, tied to rising prices and falling mortgage rates. A Senior Vice President in Washington Mutual’s Irvine office at the time, Sayegh talks about the ongoing historically low mortgage rates, and how that transformed interest-only mortgages into Washington Mutual’s most popular loan program.