Maria Fregosi has been promoted to the executive committee of ABN Amro Mortgage Group, Ann Arbor, Mich., where she will assume responsibility for AAMG's pricing strategies and secondary marketing activities.Ms. Fregosi will also continue to oversee AAMG's capital markets division, AMCAP. "The integration of capital markets, secondary markets, and pricing strategies enables AAMG to tightly link its front-end pricing with its investor activities," said company chairman and chief executive officer Thomas M. Goldstein. Ms. Fregosi served most recently as group senior vice president for the AMCAP division and was responsible for the development of its ABN Amro mortgage conduit program, master servicing group, and commercial mortgage securitization program, the company said.
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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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