Fifth Third Bank has named Steven Alonso as executive vice president and head of the company's mortgage and consumer lending lines of business. Mr. Alonso previously was founder, chairman and chief executive officer of Oakstreet Mortgage LLC, Indianapolis. Prior to that he served as president and CEO of Bank One's Consumer Finance Group. At Fifth Third, Mr. Alonso will develop strategy for the mortgage, consumer lending, student loan and collections areas and will work with his direct reports to implement that strategy.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
2h ago -
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
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The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
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The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
4h ago -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
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