Ken Alverson, executive vice president and chief administrative officer of American Home Mortgage Investment Corp., has left the company, MortgageWire has learned.American Home spokesman John Lovallo declined to comment on Mr. Alverson's departure, saying, "it's against public company policy to comment on personnel." No information was available on when Mr. Alverson joined the mortgage banker. Mr. Alverson could not be reached for immediate comment. Based in Melville, N.Y., American Home is the 22nd-largest residential lender in the U.S.
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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
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Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
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Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
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Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
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The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
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The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
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