Michael Maher has been named executive vice president of ABN Amro Mortgage Group Inc., a loan originator and servicer based in Ann Arbor, Mich.The company said Mr. Maher will assume responsibility for AAMG's quality assurance and "employee engagement" initiatives. He will also continue to manage the company's group center functions. Mr. Maher was most recently group senior vice president for group centers at AAMG. Before joining the company, he was group senior vice president and chief financial officer at Standard Federal Bank, and he specialized in financial services accounting with Deloitte & Touche in Detroit and Miami. AAMG, a subsidiary of the Netherlands-based ABN Amro NV, can be found on the Web at http://www.abnamro.com.
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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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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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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.
September 25 -
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.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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