Daniel Jacobs has been promoted to chief executive officer of 1st Metropolitan Mortgage, a Charlotte, N.C.-based national mortgage broker.In addition to directing daily operations and developing new business strategies, Mr. Jacobs will continue as director of corporate acquisitions for Empire Equity Group Inc., of which 1st Metropolitan is a division. Before joining 1st Metropolitan, Mr. Jacobs worked as branch, regional sales, and national sales manager for Empire, as well as vice president of business development. In that capacity, he designed a beta-test program that enabled loan officers to work from remote locations, ultimately leading to the acquisition of 1st Metropolitan, the company said.
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The government guarantor aims to distinguish delinquencies reported as a result of a Federal Housing Administration rule change from broader market trends.
April 24 -
The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
April 24 -
Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.
April 24 -
But in its earnings release, parent company Hilltop Holdings warned its full year 2026 results are going to be impacted by things outside of its control.
April 24 -
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
April 24 -
The bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants in North Carolina, according to a study from the Americans for Financial Reform Education Fund.
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