1st Centennial Bancorp, Redlands, Calif., has announced the formation of a Religious Lending Division at its subsidiary, 1st Centennial Bank, to extend the bank's real estate and construction lending to religious organizations.Robert Pavlik has been hired as senior vice president and manager of the division and Brian Day has been named vice president and relationship manager. The new division will be headquartered in the Brea Branch in Orange County, Calif.
The private student loan market figures to benefit from Republican-led changes to the much larger federal program. But other consumer lenders could face a fallout as more Americans are forced to reconsider which debt payments to prioritize.
Recent signals indicate this could be on the horizon and potentially add new value to a Fannie Mae/Freddie Mac stock offering, a Seeking Alpha analyst wrote.
Three Western states rank most unaffordable compared to income, while those in Midwest and Southern states have more leeway in their budgets for homeownership.
A Florida appraiser faces decades in prison after taking another's identity and claiming he conducted on-site inspection reports while based abroad.
Mike Kortas is looking to keep loan officers in the loop through the entire mortgage loan customer lifecycle and beyond, with the launch of evoLend.
Private residential construction spending rose 0.3% from April and 1.8% from a year ago to a seasonally adjusted annual rate of $930.2 billion in May.
