Sheryl Heffernan has been named senior vice president of the West region of American Brokers Conduit, the wholesale division of American Home Mortgage Investment Corp., a mortgage real estate investment trust.Ms. Heffernan joins ABC with more than 20 years of experience in mortgage production and operations, the company said. She was most recently executive vice president of Guaranty Bank's National Wholesale, Correspondent and Consumer Direct Division. ABC said its West region includes several branches in California as well as one in Reno, Nev. The company can be found online at http://www.abconduit.com.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
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Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
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