Charlotte I. Catalfo has been named president and chief operating officer of American Mortgage Network, a San Diego-based wholesale mortgage bank and a wholly owned subsidiary of Wachovia Bank NA.Ms. Catalfo has over 30 years of experience in mortgage banking production and operations, AmNet said. Before joining the company, Ms. Catalfo was senior managing director for correspondent lending at CitiMortgage Inc., and she held numerous executive positions with Principal Residential Mortgage Inc., including executive vice president of production and production administration. John M. Robbins, AmNet's chief executive officer, said Ms. Catalfo will be in charge of all major technology initiatives at the company. AmNet can be found online at http://www.amnetmortgage.com.
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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 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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