Digital Mortgage Direct Page

Recent efforts to open up homeownership opportunities include a proposed $100 million down-payment-assistance initiative within the Biden Administration's 2024 federal budget request.

Omayra Ujaque faces up to 30 years imprisonment for each bank fraud count and must serve a mandatory two year sentence for aggravated identity theft.

Chase, Wells Fargo both reported increased gain on sale margins in the first quarter over the fourth, a potentially promising indicator for upcoming IMB earnings.

Frank Pape is Director of Strategies for Frontier Asset Management. He joined Frontier in 2022 after serving as Senior Director, Consulting Services at Russell Investments, where he advised on portfolio strategies and capital market research to financial advisors and wealth management firms. With more than 25 years of industry experience, Frank is an industry thought leader on asset allocation, capital market insights and tax-managed strategies.

The firm reported $13.3 billion in NII in the first three months of the year, up 45% from a year earlier and more than the 42% jump analysts expected. That gain helped counter a surge in provisions for souring loans.

William Demchak of PNC, Brian Moynihan of Bank of America and William Rogers of Truist had their total compensation reduced last year, as stock prices across the industry fell. The previous year, pay for bank chief executives had soared by more than 20%.

Truist Financial Corp. plans to stop sales and trading of mortgage-backed securities and government-agency and Small Business Administration bonds by January.

Ross K. Brown is vice president of business development at Payden & Rygel, a global asset management firm. He is also the National Trust Board Advisor to the Visible Foundation, a national special needs trust platform.

A "large number of originators" from McLean Mortgage have joined the California-based lender.