Randy Conte has been named to the newly created post of chief operations officer of ABN Amro Mortgage Group Inc., a mortgage lender based in Ann Arbor, Mich.AAMG said Mr. Conte will be charged with creating an integrated operating environment across all company locations and addressing key strategic initiatives, including increased organizational efficiency and support of the company's commitment to sustainable growth. Mr. Conte was most recently executive vice president and corporate controller for AAMG's parent company, LaSalle Bank Corp. He was previously director of information technology and global head of business management for SBC Warburg, as well as senior manager with Arthur Andersen's consulting practice. The company can be found online at http://www.mortgage.com.
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GSE loans between 30 and 59 days late on their payments saw a 13 basis point rise in delinquency rates, while most non-agency MBS types saw annual increases.
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New American Funding also promoted Stacy Chevalier Northwest regional vice president, and MISMO added three members to its board of directors.
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A lawsuit claims the bureau regularly assigns higher-responsibility examination work to Black workers without corresponding pay bumps or promotions.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
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As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
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