Frank J. Curry, president of nonconforming lender Acoustic Home Loans, Orange, Calif., has left the company, industry sources have told MortgageWire.An official at Acoustic confirmed Mr. Curry's departure but declined to say anything more about the situation. The wholesale lender was launched in the summer of 2003 by Mr. Curry, a former executive of Long Beach Mortgage. The privately held AHL ranks 40th among all nonprime lenders in the United States, according to the Quarterly Data Report, an MW affiliate.
-
According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
6h ago -
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
8h ago -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
8h ago -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
10h ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
11h ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18